Service industries Current Affairs, GK & News
New Delhi-Lucknow Tejas Express to Compensate Passengers for Train Delay
In a first of its kind offer from any national carrier, IRCTC will compensate passengers of India’s first corporate train – New Delhi-Lucknow Tejas Express – in case of delay in the train schedule. An amount of Rs 100 will be paid in case the delay is for over an hour and Rs 250 for ..
Topics: Economy • Finance • Indian Railway Catering and Tourism Corporation • Insurance • Service industries • Tejas Express
RBI launches CMS system
The Reserve Bank of India (RBI) has launched a new “Complaint Management System (CMS)” website where anyone can complain against any of the entities regulated by RBI. Through this website, complaints can be lodged against RBI regulated entities with public interface such as commercial banks, urban co-operative banks, non-banking financial companies (NBFCs), etc. All complaints ..
Topics: Economy • Non-bank financial institution • Occupations • Ombudsman • Reserve Bank of India • Service industries
Government of India reduces rate of contribution under Employees’ State Insurance (ESI) Act from 6.5% to 4.0%
The Union Government has taken a historic decision to reduce the salary contribution of industrial workers who are eligible for healthcare benefits under the Employees’ State Insurance Act (ESI) Act from 6.5% to 4.0%. The move is aimed at formalizing India’s informal workforce and expanding social security coverage. The reduced rates will be effective from ..
Category: Government Schemes Current Affairs
Topics: Economy • Employee benefits • Employees' State Insurance • ESIC Medical College, Faridabad • Finance • Health insurance in India • Indian labour law • Insurance • Service industries • Social Security
India’s first UPI Bahi Khata for merchants launched by BharatPe
BharatPe has launched India’s first UPI Bahi Khata for merchants, which allows merchants to record their cash/ credit (udhar) sales customer wise, request accounts receivable from customers via SMS payment links, and keep track of accounts payable to suppliers, among other services. It also serves as a networking platform for merchants to connect and collaborate ..
Topics: Accounts Payable • Accounts receivable • Asset • Business • Debits and credits • Economy • Service industries
LIC HFL unveils Udyam Centre in Bengaluru
Life Insurance Corporation Housing Finance (LIC HFL) has launched ‘Udyam’, a skilling center in Bengaluru. It was launched in association with Lok Bharti Education Society, the implementing partner. The Centres of Excellence will provide training to marginalised youth in the BFSI, retail, and IT/ ITES sectors.
Topics: BFSI • Finance • Life Insurance Corporation • Service industries • Skilling
IRDAI forms 13-member Panel to Review Microinsurance Framework
IRDAI (Insurance Regulatory & Development Authority of India) has set up a 13 member committee under Suresh Mathur, IRDAI Executive Director to review the regulatory framework on microinsurance and recommend measures to increase the demand for such products. This committee has been formed in the backdrop of a less-than-desired offtake of microinsurance products despite their ..
Topics: Economy • Finance • Insurance • Microinsurance • Poverty • Regulatory agency • Service industries