BUSINESS
New RFPs for selection of pension fund managers likely by mid-December: PFRDA chairman
PFRDA chairman Supratim Bandyopadhyay said that an internal committee will work out the floor cap and charge structure for pension fund management.
INDIA
UPSC Prelims 2020: Supreme Court dismisses plea to postpone exams
Those suffering from Coronavirus will not be allowed to appear for the civil services prelims exams, said the Supreme Court. The apex court also said that merging 2020 and 2021 UPSC Prelims is not feasible.
BUSINESS
Not just money: Here’s what employment exchanges and career centres in India need
Remodelling employment exchanges and MCCs to make them more IT ready and interlinking them with vacancies across the country could be the way forward. Millions of Indians had already been rendered jobless by the economic slowdown when the Covid pandemic broke, exacerbating the situation
BUSINESS
Blacklisted educational institutes: State governments will be nudged to take action
Until now, it was the responsibility of the Central government and its agencies to ensure the shutdown or accreditation of these institutes, which have proliferated across the country. However, apart from battling Covid, many State governments are in election mode, with Assembly Polls due in 2021, and regulating blacklisted institutes may not be a key priority
BUSINESS
EXCLUSIVE: For the first time, health segment beats motor insurance
IRDAI data show that while motor insurance premiums saw a 15.7 percent decline, health insurance premiums grew 13 percent YoY in the April 1-August 31 period. Demand for health products because of COVID-19, and non-renewal of vehicle insurance the main reasons.
BUSINESS
One page, two pages or four pages -- how long should your resume really be?
A one-size-fits-all resume will not work for all job applications. Don't go by social media posts to restrict your CV to merely one page if you have relevant skills and work milestones to highlight.
BUSINESS
Remote working: Costs rise for insurers as they scramble to ensure data security and ward off cyber risks
In a bid to ensure that customer data is protected and no third-party gets access to information from their servers, insurers have had to add multiple layers of security. This has seen their costs shoot up
BUSINESS
Lloyd enters refrigerator segment, move to help diversify revenue mix
Havells-backed consumer durables brand Lloyd that is widely known for its air conditioners is now entering the Rs 24,000 crore refrigerator market in India. This could help boost the company revenues in the festive season.
BUSINESS
Six months and counting: Small businesses feel the pinch as workers refuse to return
The continuing Covid threat, fears over not having a job waiting for them, and the sustenance provided by social welfare schemes have made workers stay put in their towns and villages
BUSINESS
GirnarSoft to invest $20 million in InsuranceDekho
InsuranceDekho will use the funding for branding and marketing activities as well as strengthening the product and technology teams.
BUSINESS
Here’s how new-age gig roles in India would look like
Unlike regular gig roles, the new-age gigs would cover qualified professionals professionals. The compensation would be on par or even higher than that of a regular hire. India Inc would have close to 10-15% new-age gig roles in the next five years.
BUSINESS
Have a few lakhs to spend on appliances and want VIP service? BSH Home Appliances has a solution
Products like IoT-enabled refrigerator with camera in the interiors and fridge will interchangeable doors will be available to customers.
BUSINESS
Insurance mis-selling: Nearly 10,000 complaints filed by policyholders till July
In FY20, close to 45,452 complaints were filed with IRDAI against sale practices of insurance companies.
INDIA
20,000 students sign online petition seeking postponement of UPSC Civil Services Prelims exam 2020
Inadequate transport facilities the main concern. Also, with many centres becoming part of containment zones, uncertainty over the exam prevails. Patna-based Priya Kumari has been on a hunger strike for close to 10 days now. The Prelims exam is scheduled for October 4.
BUSINESS
Pandemic risk insurance pool need of the hour, but does government have resources to fund it?
Coronavirus may not be the last pandemic that the country faces. It is time that the central and state governments start planning insurance-based financing for such incidents for vulnerable groups in the future.
BUSINESS
Banking on the IPL: Why BFSI players are increasing ad spends during this edition of the T20 league
The IPL is the first major sporting event post-lockdown and it is expected to be the most watched by an Indian audience. It is also taking place during the festive season, when advertising spends are generally higher
BUSINESS
Here’s how firms are keeping work-life balance of employees intact as they work from home
Virtual family entertainment, Saturday night e-parties and online gaming are the most common employee engagement activities. Some firms have introduced apps to enable interaction among staff members. Independent consultants say the number of engagements have risen during COVID days.
BUSINESS
Why online onboarding is both a blessing and a pain for recruits and employers
Companies are taking the virtual route to help new employees complete joining formalities and hit the ground running. While this has largely made the process more efficient, there are challenges such as internet connectivity issues, power failures and the lack of a personal touch. And both employers and employees have a lot to learn and unlearn
BUSINESS
Job losses don’t worry blue-collar workers, there are gigs on offer
Industry sources say close to 55,000 jobs are on offer on a gig basis due to the expectation of demand surge from the upcoming festive season. So far, while 10 million blue-collared workers are said to have lost jobs, hiring firms estimate that 30-35 percent have moved to gig roles.
BUSINESS
EXCLUSIVE: First phase of NEP 2020 implementation to be completed by April 2022
Reforms in school curriculum to allow vocational skill training, preparation of holistic report card and local language as medium of instruction will be part of the initial reforms. It will be the responsibility of individual schools to change the format of the report card by 2022.
BUSINESS
Festive season shocker: TV prices could rise by 20-35% in October
Panel prices are on the rise on one hand, while the zero customs duty on this key component for televisions is set to end.
BUSINESS
Explained: How do students from containment zones give exams, what are the alternate dates for COVID-19 patients and other questions answered
With a number of examinations coming up, the Health Ministry has drawn up detailed guidelines on how exams are to be conducted and who can appear for them or invigilate. We take you through the key parts of these standard operating procedures
BUSINESS
Why all life insurance policies should be issued in paperless format
Rather than searching for physical policy documents at the time of claims, it is better than paperless policies are issued to all policyholders.
BUSINESS
Onam 2020: Mixed bag for appliance manufacturers in Kerala
Sales picked up from mid-August ahead of Onam festival. Televisions were the most popular product followed by refrigerators.
