The Union budget may allocate fresh capital for these insurers after reassessing their quarterly parameters in the nine-month period ending December 2024, the people said on the condition of anonymity.
At three of the weak state-owned general insurers, solvency ratio—a key requirement for insurers to continue servicing their customers—is expected to turn positive after the capital infusion. Solvency ratios at National Insurance, United Insurance and Oriental Insurance stood at -0.45, -0.59, and -1.06 at the end of FY24, against the minimum required 1.5.
Though the quantum of capital support will be worked out early next year, it may be ₹4,000-5,000 crore and would be contingent upon firms showing signs of consistent improvement in financial parameters and growth, the first of the two people quoted earlier said.
Denne historien er fra December 16, 2024-utgaven av Hindustan Times Navi Mumbai.
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Denne historien er fra December 16, 2024-utgaven av Hindustan Times Navi Mumbai.
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A Konkan village empties Out every four years to rejuvenate it
As part of 500-yr-old practice, villagers exit Achara for a few days to let its natural resources revive
Wrong side driving kills 7-yr-old boy
MUMBAI: A boy in Borivali East was hit by a Mahindra Scorpio allegedly being driven on the wrong side of the road on Saturday. The child was taken to hospital where he succumbed to his injuries on Monday.
MOVE AGAINST FEDERALISM, WILL ALTER BASIC STRUCTURE: OPPN
Opposition leaders on Tuesday launched a scathing attack on the bills introduced in the Lok Sabha that propose simultaneous elections to the Lower House and state assemblies, arguing that the legislation undermines federalism, violates the Constitution's basic structure, was introduced without adequate consultation with states and envisions an impractical scenario.
BJP govts to soon bring UCC in every state: Shah
NEW DELHI: The Uniform Civil Code (UCC) implemented by Uttarakhand is a model law that will be debated widely and then the Bharatiya Janata Party (BJP) governments will bring a common civil code in all states,
ONOP will test govt's ability to muster up two-thirds majority
NEW DELHI: The NDA government's ambitious plan for simultaneous national and state polls could be a test of its ability to muster the requisite numbers as it doesn't have a two-thirds majority needed to push through a Constitution amendment under Article 368 in the Lok Sabha.
'One election' bill tabled in House, may be sent to JPC
NEW DELHI: The Union government on Tuesday introduced in the Lok Sabha two bills aimed at ushering in simultaneous state and national elections amid loud protests by the Opposition — taking the first step towards implementing sweeping changes in the way polls are conducted in the world's largest democracy.
China building villages near Doklam in Bhutan: Sat data
NEW DELHI: China has built at least 22 villages and settlements over the past eight years within territory that has traditionally been part of Bhutan, with eight villages coming up in areas in proximity to the strategic Doklam plateau since 2020, according to satellite imagery.
67% sanitation workers from SC communities: Centre to LS
NEW DELHI: Two-thirds of sewer and septic tank workers (SSWs) in urban local bodies across India, surveyed by the Union government, come from Scheduled Caste (SC) communities, the Centre informed Parliament on Tuesday.
How the challenge of batting in Oz changed
KOOKABURRA RELEASED A REDESIGNED BALL FOR TESTS IN 2021 THAT WAS SUPPOSED TO MAKE THE GAME MORE EXCITING, BUT IT HAS ONLY MADE BATTING MORE DIFFICULT
Grit in the tail frustrates the hosts, India avoid follow-on
Like in 2021, there was defiance in the damp air of Gabba as Deep and Bumrah steer India towards a likely draw on Day 4
