Service industries

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 ..

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 ..

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 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 ..

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 ..

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 ..