Finance

Mandating insurance not the way forward to boost penetration: Irdai member


Despite the fact that there is massive under-penetration in the county as far is concerned, the regulator is of the view that the solution to this does not lie in mandating because a stage has been reached where should be a product on “demand”. It cannot be forced upon consumers by the industry or other stakeholders.


“There has generally been a feedback that either the regulator or the government should mandate certain types of insurance, but ideally the solution does not lie in mandating insurance,” said T L Alamelu, Member (Non-Life)


“There has been a demand for mandating title insurance, drone insurance, and household insurance. The example before us is motor third party insurance, which is mandated by law, but still there are huge issues of under insurance,” she said at National Insurance Academy’s 16th Annual Insurance Summit. The regulator

Investors may lose money if wind-up spurned, says Franklin Templeton


Mutual Fund on Monday said it has sought consent of the unitholders for the orderly winding up of the six fixed income schemes.


The electronic voting will take place from December 26-28 and the meeting of unitholders of relevant schemes on December 29, MF sais. The unitholders would have to take a call on whether to give consent to the winding up decision or withholding it, which would allow the schemes to reopen for purchase and redemption.



The move comes after Supreme Court on Thursday asked MF to initiate steps within one week for calling a meeting of unit holders to seek their consent for closure of six mutual fund scheme. Franklin Templeton MF said the objective of the voting exercise is to seek, by “simple majority”, consent of the unitholders for the decision made

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More business is done online today than ever before. Regardless of your industry or your target demographic, chances are you’re using the internet to reach new customers and keep existing ones coming back. Digital marketing is a crucial element to any business and, whether you’re running a business yourself or you’re looking for a way to rise in your current role, developing your digital marketing expertise will be a huge boon. Take a step

Commodity Picks: 7 December 2020

The price is expected to trade higher at Rs 1,500 per quintal over the next couple of weeks

Topics
Commodity | barley | chana

Barley

in Jaipur is trading at Rs 1,445 per quintal.


The price is expected to trade higher at Rs 1,500 per quintal over the next couple of weeks following lower supplies and malt industry demand.

Chana

Bargain buying is expected to lift the price up marginally over the coming week. However, gains will be capped by the higher acreage numbers. in the Delhi market is expected to move towards Rs 5,125 per quintal, from the current price of Rs 5,050 per quintal.


chart

Prerana Desai, Research head, Edelweiss Agri Services and Credit

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and

Gearing Up For a Big Launch Day? 5 Strategies to Execute It Stress-Free


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Opinions expressed by Entrepreneur contributors are their own.


We’re living in a strange time. A time where one tweet can completely derail weeks or even months of hard work gearing up for a big launch. Having helped hundreds of women navigate big launch days for their , my has definitely been thrown a few curveballs.

Launching a new program or service is fun and exciting. Your energy level is up, but if you don’t give yourself enough time to prepare, your stress level is sure to overpower that positive energy. If you decide to skip the preparation and rush through your launch period, you’ll leave your team overwhelmed, burnt out and dreading the next time around.

Can you always avoid curveballs on launch day? No. But, there are certain things you can proactively do to ensure you have the most successful launch

JD.com becomes first online platform to accept China’s digital currency


Chinese e-commerce company Inc said on Saturday it has become the country’s first virtual platform to accept Beijing’s homegrown


JD Digits, the company’s fintech arm, will accept digital as payment for some products on its online mall, as part of an experimental giveaway of digital to citizens of Suzhou, near Shanghai, according to a post on the company’s official WeChat account.



China’s digital is one of the world’s most advanced “central bank digital currency” initiatives, as authorities globally respond to threats from private currencies such as bitcoin and Facebook’s Libra.


Under the Suzhou programme, the municipal government and the People’s Bank of China (PBOC) will issue 200 digital yuan “red envelopes” to 100,000 consumers selected through a lottery.


Suzhou’s scheme is the second such digital lottery, after the PBOC issued 10

Daymond John Explains How LL Cool J Secretly Made a FUBU Commercial Out of a GAP Ad and Created Massive Sales Numbers for Both Companies

FUBU Founder Daymond John calls this history’s biggest advertising coup.

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Explains How LL Cool J Secretly Made a Commercial Out of a GAP Ad and Created Massive Sales Numbers for Both CompaniesFUBU Founder Daymond John is calling it history’s biggest advertising coup.

FUBU was trending on today. Why? Well, that story actually begins in 1997 with LL Cool J and his commercial for Gap. Earlier today, Matthew A. Cherry posted the 30-second adon his account, saying, “LL will still forever be the

RBI forecast, foreign portfolio investments flows push Sensex past 45,000


The on Friday closed above the 45,000-mark for the first time, while the Nifty50 logged a new high of 13,259.


The benchmark indices gained for the fourth straight session and fifth straight week — the longest run of weekly gains since July.



Friday’s gain of 1 per cent was after the RBI revised its gross domestic product target for the current fiscal year and kept rates unchanged despite high inflation. The central bank expects the economy to contract 7.5 per cent in FY21, against the earlier estimate of 9.5-per cent de-growth.


The closed at 45,079, with a gain of 447 points, or 1 per cent. It has rallied 5,000 points, or 15 per cent, since November without any meaningful correction.


RBI Governor said the economy is expected to show positive growth in the