Consumer Issues
Religare's Mantra Air to launch first flight on 23rd July

 

Mantra has two exclusive Beechcraft 1900D planes for operating regional services and has a fleet of 12 aircraft ranging from the 5-seater turboprops to 17 seater corporate luxury jets

Mumbai: Mantra Regional Airline, a part of Religare Voyages Ltd, said its maiden regional service will commence from 23rd July with the introduction of a flight service between Amritsar and Chandigarh, reports PTI.
 
"Better service and connectivity is our primary objective. Every possible detail has been taken into consideration to ensure that our esteemed passengers have a wonderful experience with safe and comfortable flight," Group chief executive and managing director Sanjay Godhwani said in a press release.
 
Mantra also plans to launch flights services to Jammu and Dharamshala shortly as part of its further expansion plans, the release said adding it aims to boost air travel by connecting cities which are out of the radar of most airlines, the company said.
 
The carrier has two exclusive Beechcraft 1900D planes to operate the regional services, the release said adding the company has a fleet of 12 aircraft ranging from the 5-seater turboprops to 17 seater corporate luxury jets.
 
Mantra is part of a larger strategy of Religare Voyages, which started 5 years ago with the launch of air charter services.

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MyInsuranceClub.com gets IRDA approval as online web aggregator

 

The presence of insurance web aggregators is a boon to the Indian customers, as they now have access to premiums of insurance policies from multiple companies in one place

Mumbai: MyInsuranceClub.com said it has got regulatory approval to compare premiums and features of insurance policies online, reports PTI.
 
"Being the first to receive this approval is a landmark event and we will now focus on providing a much improved and superior offering to the customer," MyInsuranceClub's chief executive Deepak Yohannan said in a release.
 
"Insurance Comparison is one big game changer that could have happened to the insurance space. User can easily compare premiums and then proceed to buy the policy online on the insurance company's website. It is safe and transparent," Yohannan added.
 
Online insurance aggregation is a big hit with consumers in many developed markets and there is no reason why consumers in India should not get the benefits of simple and accurate comparison of policies.
 
The presence of insurance web aggregators is a boon to the Indian customers, as they now have access to premiums of insurance policies from multiple companies in one place.
 
This platform helps customers to independently choose a product, which meets their preference of price, brand and policy benefits.
 
MyInsuranceClub is the flagship website of iGear Financial Services Pvt Ltd which was launched in late 2009.
 
The website solely focuses on comparison of insurance products and displays premiums, features and other product benefits for policies of life insurance, health insurance and car insurance three of the most popular products for retail customers.

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Maharashtra to provide loans to farmers through state co-op bank

 

Since the RBI has passed strictures against the district co-operative banks, the state government decided to provide loan to farmers through state co-operative bank

Mumbai: In a bid to ease hardships of farmers in seven districts of the state, the Maharashtra government has decided to step in and provide Rs578 crore through the state co-operative bank since the Reserve Bank of India (RBI) has passed strictures against the district co-operative banks, reports PTI.
 
State Co-operation Minister Harshvardhan Patil told the Legislative Assembly during a debate on the issue through a calling attention notice that Rs578 crore will be disbursed to the farmers in a week's time since district co-operative banks of Dhule and Nandurbar, Jalna, Osmanabad, Buldhana, Wardha and Nagpur have been barred from accepting deposits and disbursing loan by the RBI.
 
Responding to supplementary questions, especially from Leader of Opposition Eknath Khadse, Patil rejected the charge that the government had interfered in the action or inquiry against Board of Directors of the banks.
 
Patil said Rs841 crore out of the Rs1,354 crore allocated for crop loan have been disbursed to the farmers. The nationalised banks constituted Rs122 crore of the total loan provided.

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