Leisure, Lifestyle & Wellness
Olympics: Vikas Gowda makes the cut for the discus throw final

Gowda is also only the second Indian to make the finals in track and field at the ongoing Games after Krishna Poonia, who eventually finished seventh in women's discus throw

 
London: India's Vikas Gowda became only the seventh Indian to qualify for the finals of the track and field event at the Olympic Games when he hurled the disc to 65.20 metres for an automatic selection, reports PTI.
 
Gowda, who trains in the United States, breached the 65m mark in his second attempt, having managed a throw of 63.52 m in his first throw. 
 
The automatic qualification standard for the discus final was set at 65m.
 
Iran's Ehsan Hadadi was just behind Gowda with a throw of 65.19m.
 
The finals will be held tomorrow at 07:45pm local time (Wednesday morning 12.15am IST).
 
Gowda is also only the second Indian to make the finals in track and field at the ongoing Games after Krishna Poonia, who eventually finished seventh in women's discus throw.
 
The other five Indians to make it to the final round of Olympic Games' track and field events are Milkha Singh (400m), Gurbachan Singh Randhawa (110m hurdles), Sriram Singh (800m), P T Usha (400m hurdles) and Anju Bobby George (Long Jump).

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IRDA to release IPO norms for non-life players in week: Hari Narayan

Nearly a year after the final listing guidelines were issued for life insurance players, none of the 10-odd insurers who are eligible for public float have got listed so far and now IRDA is issuing norms for non-life players

 
Mumbai: Insurance Regulatory and Development Authority (IRDA) chairman J Hari Narayan on Monday said the authority will issue the draft public float guidelines for general insurance companies within a week, reports PTI.
 
“All things have been finalised and we may come out with the initial public offering (IPO) norms for general insurers in another week,” the IRDA chairman said at an industry meet organised by CII in Mumbai.
 
Earlier, market regulator Securities and Exchange Board of India (SEBI) had approved the draft IPO draft guidelines for non-life insurance companies.
 
However, it can be noted that nearly a year after the final listing guidelines were issued for life players, none of the 10-odd players who are eligible for public float have got listed so far.
 
On the draft guidelines for life product designs, Mr Hari Narayan said, “We will come out with the draft on life products design by the end of the month.”
 
IRDA also released the exposure draft on investment norms relating to swaps, hedging and equity exposure for the industry players.
 
However, he did not give a timeline saying the regulator is working on exposure draft for senior agents, but cannot give a time-line for it.
 
Going forward, protection and annuity provisions will be the two important areas of focus for the life insurance companies.
 
Talking about lesser availability of annuity plans, he said at present Life Insurance Corporation of India (LIC) is the major player in the segment, amounting to high concentration risk.
 
“The regulator cannot think of only of one annuity player in the market, which increases the concentration of risks. So insurance companies have to think about it,” he said.
 
Mr Hari Narayan further said it will also come up with exposure draft on risk weight solvency in the near future.
 
“We are taking some baby-steps in risk weight solvency, which will be in line with the Reserve Bank of India (RBI) guidelines,” he said.
 
When asked about norms on e-insurance, he said, the repository has already been selected and it will be in place shortly.
 
Talking on the whistleblower policy, he said, the regulator is thinking about coming up a policy on this front in line with the RBI.
 
Pulling up insurance companies for rushing in to launch new products, he said, they should instead concentrate on existing products that are in demand.
 

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