Insurance: Current Affairs, GK & News - 2020-2021

IFSC submits its report on Capital Market to IFSCA

Published: November 12, 2020

IFSC International Retail Business Development Committee has presented its final report to IFSCA on November 11. The final report has recommendations on Capital Markets. The committee also made recommendations for the development of IFSC. Before this, the committee has submitted two interim reports on insurance and banking. This IFSC International Retail Business Development Committee was ..

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PM Modi chairs Cabinet meeting: Key Decisions

Published: July 8, 2020

On July 8, 2020, PM Modi chaired the union cabinet meet. Ministers of various departments attended the meet including Finance Minister Nirmala Sitaraman, Union Minister Dr Harsh Vardhan, Defence Minister Rajnath Singh and Home Minister Amit Shah Key Decisions The following key decisions were taken during the union cabinet meeting chaired by PM Modi Pradhan ..

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Business Interruption Insurance

Published: April 17, 2020

In light of the unprecedented economic losses due to the lockdown, businesses in India are looking at business interruption insurance for a way out. About Business interruption insurance is a type of insurance that covers the income loss of a business due to a disaster. It covers losses like rent, operational charges, salaries, etc. apart ..

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Mahatma Gandhi Bunkar Bima Yojana

Published: March 27, 2020

The Mahatma Gandhi Bunkar Bima Yojana was recently discussed in the Lok Sabha by the Union Minister of Textiles. About the Scheme The Mahatma Gandhi Bunkar Bima Yojana is an insurance scheme for all community weavers. The scheme provides insurance to the beneficiaries in cases of accidental death, natural death, partial or complete disability. The ..

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GoI: Benefits to COVID-19 affected workers under Atal Beema Vyakti Kalyan Yojana

Published: March 19, 2020

On March 19, 2020, the Government of India announced that it will provide unemployment benefits to the section of unorganized workers. These workers include, persons who have lost their jobs due to the impact of the Corona Virus Pandemic. Highlights Along the lines of countries like USA in combating the deadly Corona Virus, GoI is ..

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