Companies & Sectors
Insurance cover for panches, sarpanches soon: Minister

The Rural Development and Panchayati Raj Minister said the state government is determined to strengthen democratic institutions in the state

Jammu: The Jammu and Kashmir government will soon provide insurance cover to panches and sarpanches, Minister Ali Mohammad Sagar said, reports PTI.

 

Adequate remuneration will also be provided to them, he said after inaugurating a Panchayat Ghar constructed at an estimated cost of Rs20 lakh at Matwar in block Balwal.

 

The rural development and Panchayati Raj minister said the state government is determined to strengthen democratic institutions in the state.

 

He said the state government has ensured adequate empowerment of Panchayati Raj Institutions by giving them powers of 14 vital departments.

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IndiaFirst Life opens financial planning centre in Jaipur

“Our Financial Planning Centres not only enable customers to buy policies but also help us service their requests more easily and quickly,” IndiaFirst Life Insurance managing director and CEO P Nandagopal said

Mumbai: Private insurer IndiaFirst Life Insurance opened a financial planning centre (FPC) in Jaipur aimed at offering the entire range of services, including new business application processing, reports PTI.

 

“Rajasthan is a key market for IndiaFirst. Opening our FPC in Jaipur is a part of our long-term strategy to ramp up our presence in tier II and tier III cities. Our financial planning centres not only enable customers to buy policies but also help us service their requests more easily and quickly,” IndiaFirst Life Insurance managing director and CEO P Nandagopal said in a release.

 

The company will offer its entire range of services, including new business application processing, policy servicing request processing, advisor licensing processing, advisor or sales training, claim intimation processing and document collection and record management, for business applications in FPC.

 

IndiaFirst Life Insurance is a joint venture between public sector banks—Bank of Baroda and Andhra Bank—and UK’s leading risk, wealth and investment company Legal & General.

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Bank of India raises bulk deposit rates for select maturities

The new rates would be applicable from 27 December 2012

New Delhi: State-owned  Bank of India revised upwards the interest rates on deposits of Rs10 crore and above for select maturities, reports PTI.

 

“...has informed BSE that the Bank has revised the interest rate for the deposit of Rs10 crore and above for the time bucket of one year and above to less than one years to 9% (earlier 8.75%),” Bank of India said in a filing to BSE.

 

The new rates would be applicable from 27 December 2012, it added.

 

Recently, Federal Bank and Dena Bank also revised upwards deposit rates for select maturities.

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COMMENTS

Anshuk

4 years ago

Rs 10 crore and above.. this should not be under personal finance. :)

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