-The Times of India CHENNAI: Many customers only realise at the time of making a claim that their health insurance policy does not cover certain medical conditions or ailment. Policy holders usually depend on what has been told to them by their insurance agents, who sometimes overstate the coverage. To prevent such cases, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to group together all policy exclusions...
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Retail inflation dips to record low in June, IIP slows in May
-The Times of India NEW DELHI: Retail inflation dipped to a record low in June on the back of sliding food prices, while industrial output growth slowed in May as manufacturing remained sluggish, mounting pressure on the RBI to cut interest rates when it reviews monetary policy on August 2. Data released by the Central Statistics Office (CSO) on Wednesday showed retail inflation, as measured by the consumer price index (CPI), rose...
More »Crisis looms as 20 Karnataka districts receive less rain -Chethan Kumar
-The Times of India BENGALURU: Karnataka has seen a poor monsoon so far, with two districts in the Cauvery basin receiving scanty rain. In 18 other districts, including Bengaluru Urban and Rural, it has been deficient. This makes the next 20 days crucial as they will decide whether the state can escape another drought year. On Monday, farmers from Halebudanuru village in Mandya district held a meeting with government officials demanding that...
More »Government approves Amazon's proposal for FDI in food retail
-PTI NEW DELHI: The government has approved American e-commerce major Amazon's proposed USD 500 million investment in retailing of food products in India, an official said. The proposal was pending before the Foreign Investment Promotion Board (FIPB) which has been abolished now. Hence, the Department of Industrial Policy and Promotion (DIPP) gives the green signal to the proposal. As per the proposal, the company will open a wholly- owned subsidiary in India to carry...
More »Paper trail voting will cause 3-hour delay in results: EC -Bharti Jain
-The Times of India NEW DELHI: As the Election Commission prepares for a 100% rollout of VVPATs and mandatory counting of paper trail slips in a fixed percentage of polling stations across all constituencies, a preliminary estimation by the watchdog indicates the move will lead to a three-hour delay in declaration of poll result. According to sources in the commission, an internal committee set up by EC to discuss the modalities of...
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