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Finance Minister Relaunches the Varishtha Pension Bima Yojana (VPBY)

-Press Information Bureau/ Ministry of Finance The Union Finance Minister Shri Arun Jaitley said that Varishtha Pension Bima Yojana (VPBY) will benefit the vulnerable section of society with limited resources as it will provide monthly pension ranging from Rs 500/ to Rs 5,000/ per month to senior citizens of the country. The Union Finance Minister Shri Arun Jaitley was speaking after re-launching the Varishtha Pension Bima Yojana (VPBY) here today on...

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Dayamani Barla, tribal activist from Jharkhand interviewed by G Vishnu

-Tehelka.com There are few figures from the adivasi community in India who have made a bigger dent in the collective imagination of the country than Dayamani Barla. The "iron lady of Jharkhand" has been instrumental in articulating adivasi struggles against displacement and deprivation on national and international platforms. Dayamani, who was recently imprisoned in Jharkhand for her involvement in the Nagri people's movement, has won the first Ellen L Lutz Indigenous...

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Action Against Banks if Guilty: RBI on Cobrapost Sting

-Outlook Reserve Bank of India (RBI) today said it has completed investigations against banks following the Cobrapost expose and will take action if they are found guilty of violating prudential banking norms. "We have done investigations, we have prepared an internal report. There are processes to be followed to take investigations to its logical closure... "The first is action against individual institutions who are involved in practises which are not consistent with the...

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Regulators are sometimes too close to industry: Hari Narayan-Deepti Bhaskaran

-Live Mint Former Irda chief spells out the problems with regulating the insurance sector in an interview Regulators are sometimes not too keen on laying down the law because they may be too close to the industry that they are charged with making sure is complying with rules, said J. Hari Narayan, who stepped down on Wednesday as chairman of the Insurance Regulatory and Development Authority (Irda).   “There is a lot going on...

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Death due to doctor's negligence is an accident says National Consumer Forum

-PTI According to NCDRC ruling, the insured died during an operation by the treating doctors and the injury to the insured was an accident, therefore the insurance company is liable to pay accidental death benefits to the heirs New Delhi: Death of a patient due to rash or negligent act of a doctor is an accident, making the victim entitled to the accidental death benefits from his or her insurer, the country's...

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