The Anatomy of Section 29 : A Legal Autopsy
"The Anatomy of Section 29 : A Legal Autopsy " by R. Sridhar Head - India, Labour Relations, Caterpillar India Private Limited Section 19 (2) of the Industrial Disputes Act (hereinafter referred to as the Act) deals with the period of operation of settlement which reads as follows: Such settlement shall be binding for such… Read More
Tags: Arbitration award, India, Industrial Disputes Act 1947, Labour law, Law, Life Insurance Corporation of India, settlement, Supreme Court
Unclaimed Money with Insurance Companies
The Insurance Regulatory and Development Authority (IRDA) have informed that as on 31st December 2012, the unclaimed money of policyholders with Life Insurance Corporation of India was Rs.732.67 crores. For the other life insurance companies and non-life insurance companies, the unclaimed money of policyholders was Rs. 3122.68 crores and Rs.1010.46 crores respectively, as on 31st… Read More
Tags: Government, Insurance, Insurance Regulatory and Development Authority, IRDA, Life insurance, Life Insurance Corporation of India, Rajya Sabha, Rupee
Il&FS Infrastructure Debt Fund Signs MoU with eight Public Sector Banks
Il&FS Infrastructure Debt Fund Signs MoU with eight Public Sector Banks; need for more than one Trillion Us Dollars for Infrastructure Sector in Next Five Years; Government And Private Sector to Contribute Fifty Percent Each IL&FS Infra Asset Management Limited (IAML), an Asset Management Company (AMC) promoted by IL&FS Financial Services Limited (IFIN) to manage… Read More
Tags: Central Bank of India, Finance Ministry, India, Infrastructure Leasing & Financial Services, Life Insurance Corporation of India, Memorandum of understanding, Mumbai, Oriental Bank of Commerce
Action against Various Officers/Employees for Violation of Banking Norms and Regulations
In connection with Cobrapost, Red Spider 2 Expose which was released yesterday, Shri Rajiv Takru, Secretary, Department of Financial Services (DFS), Ministry of Finance had asked the Chairman cum Managing Directors (CMDs) of various Public Sector Banks (PSBs) and Life Insurance Corporation (LIC) of India for an immediate action in the matter. Beside above, the… Read More
Tags: Bank, Cobrapost, Financial services, India, Insurance, Life Insurance Corporation of India, money laundering, Public sector