DR. NIMAIN CHARAN BISWAL

WE WELCOME THE TOTALLY REVAMPED AND COMPREHENSIVE MASTER CIRCULAR OF IRDAI ON HEALTH INSURANCE POLICIES: DATED 29-05-2024 ( The efforts of IRDAI and Government of India in this matter is well Appreciated )  Dear Readers, This information is being given  in your own benefit and it is in the benefit of the common people of India: IRDAI ( Insurance Regulatory and Development Authority of India ) has issued a  Comprehensive Master Circular dated 29-05-2024  totally revamping the Health Insurance Policy Guidelines,  that are  a lot in the Benefit of the Policy Holders and Common People of India. Some of the Important and Major Decisions in this Master Circular are: 1.     Giving a Simple Information Sheet to the Policy Holder 2.     Cashless Hospitalization Approval  within 1-hour  from receipt of request. 3.     Approval of Cashless Hospitalization Claim at the time of Discharge from hospital...

  THE EXPECTED ENTRY OF LIC INTO EXCLUSIVE HEALTH INSURANCE SECTOR WILL TRANSFORM THE SECTOR : NO REASON FOR THE NEW GOVT TO COME AFTER JUNE-4 NOT TO GIVE NOD FOR IT Dear Readers, The LIC ( Life insurance Corporation of India ) is expected to enter into the Health Insurance Sector after the New Government takes Charge after 04-June-2024 when the results of the General Elections 2024 will be announced. The LIC with  Total Revenues (for FY 2023-24) of Rs. 8.57 Lakh-Crores ( Rs. 8.57 Trillion ) and Profit of Rs. 40,675 Crores ( Rs 406.75 Billion )  is such a huge Organization and Behemoth, whose business  could be bigger than the whole GDP of many countries of the world. I am giving the link to one of the yesterdays news that says LIC has almost definite plan to enter into the Exclusive Health Insurance Sector,  it is waiting for the Nod of the New Government ( that will come after June 04, 2024 ) : LIC’s health insurance foray to heighten competition, may trigger ...

CHANGE OF GUARD AT ICICI BANK AT CHAIRMAN LEVEL EFFECTIVE FROM 01-JULY-2024 Dear  Readers, A news came in public media, if some of you might have seen, that RBI has approved appointment of Shri Pradeep Kumar Sinha ( Mr. P. K. Sinha as he was known more while he was placed as the Cabinet Secretary of India and also in PMO until 2021 ), as the New Chairman of ICICI Bank effective from 01-July-2024. If any of you have not seen this news and would like to read, giving the link of The Economic Times news here below: RBI approves appointment of Pradeep Kumar Sinha as Part-time Chairman of ICICI Bank https://economictimes. indiatimes.com/industry/ banking/finance/banking/rbi- approves-appointment-of- pradeep-kumar-sinha-as-part- time-chairman-of-icici-bank/ articleshow/110412028.cms? from=mdr It is Regulatory Compliance in India right now, that RBI Approves the appointments, before the Appointment of all the Directors/Board Level Positions of all the Scheduled Banks regulated by ...

THE RECORD SURPLUS TRANSFER OF RBI TO GOVERNMENT OF INDIA Rs. 2.11 LAKH-CRORES (Rs. 2.11 Trillion ) FOR THE FINANCIAL YEAR 2023-24 IS A VERY GOOD NEWS IN NATIONAL INTEREST   Dear Readers, You must have gone through some News that came in public media extensively published two days back  that RBI's Central Board of Directors have approved the Surplus Transfer of Rs. 2.11 lakh-crores ( Rs. 2.11 Trillion ) to Government of India for the financial year 2023-24.   I am giving some links of news reports that I have read and picked up for your convenience to read, however, you can chose and read any other publication by your own choice from the public domain, there are many:   1.      Money Control News Report of 22-May-2024: RBI board approves record surplus transfer of Rs 2.11 lakh crore to government for FY24 https://www.moneycontrol.com/news/business/rbi-to-transfer-of-rs-2-11-lakh-crore-as-dividend-to-govt-for-fy24-12729396.ht...

  THE REVAMPED UTS TICKETING APP OF INDIAN RAILWAYS WITH NO GEO-FENCING NOW WORKS PATH BREAKING: LARGELY BENEFITING THE COMMON PEOPLE OF INDIA Dear Readers, A few days back, I had written that the UTS Ticketing App of Indian Railways has been revamped with No-Geofencing and the 50kms Geo-fencing that was existing has been removed now. The Revamped UTS Ticketing App of Indian Railways is working as Path-Breaking and possibly the Unique in the World in its Scale and Utility for the Common People of a huge 1400 Million ( 140 Crore ) Population of India, can't be seen anywhere else. The Revamped UTS Ticketing App of Indian Railways without Geo-fencing, will allow to buy Unreserved Tickets, Local Train Tickets and Platform tickets from anywhere, other than inside the Railway Stations, it has to be bought outside of the Railway Stations, which is understood. The UTS app is very simple to download and create your profile in your mobile phone. It has a Wallet ...

REMOVING THE GEO-FENCING LIMIT OF 50KMS THAT WAS EXISTING IN THE UTS TICKETING APP OF INDIAN RAILWAYS IS AN WELCOME STEP: IT WILL HELP COMMON PEOPLE GREATLY Dear All, Today there has been wide news reports that  Indian Railways has removed the 50 KMs Limit that was existing in its Ticketing App -UTS has been removed. Earlier, there was a limit of 50 kms Geo-Fencing Distance, it means to by an unreserved or local train ticket you have to remain with 50km distance. This limit has been removed, hence you can buy such a train ticket from anywhere, but outside of a Railway Station area. I am giving a link of the News Report of Times of India, if you like you can read. There are also other news reports you can read by your own choice. Good news for Indian Railways passengers! Geo-fencing limit  for unreserved & platform tickets removed for UTS app https://timesofindia. indiatimes.com/business/india- business/good-news-for-indian- railways-passengers-geo- fencing-limit-for-unrese...

A MEGA BRAND OF DECADES STANDING CAN HAVE EXPENSIVE AND RAPID BRAND-EROSION IF CONTROVERSIAL BUSINESSES PURSUED Dear Readers, The Brand-Erosion of a Mega Brand of Decades Standing can be Rapid and Expensive, if Controversial Businesses are pursued. In very simple terms I am saying before all of you,   the Branding Exercise of Agricultural Products as  "Organic"  can be always controversial and a finger can be easily pointed at such Brand Extensions of a Mega Brand of Decades Standing and the Mega Brand can have very Rapid and Expensive-Brand Erosion. In Reality....   it will be always very difficult to prove what is Organic and what is Not-Organic in case of Agricultural Products,  as the Science does not understand and does not define what is Organic and Non-Organic, the Science has travelled too far. There are, not denied, some standards have been defined over time for calling some Agricultural produce as "Organic", based on Agricultural Inputs and Crop Produc...

WE WELCOME THE EFFORTS OF GOVERNMENT OF INDIA IN THE DIRECTION OF REDUCING THE GST ON INSURANCE POLICIES FROM 18% TO 12% FOR THE BENEFIT OF COMMON PEOPLE OF INDIA Dear Readers, I am giving below the links to two news articles I have read in recent times, that says that   GOVERNMENT OF INDIA IS MAKING SINCERE EFFORT TO REDUCE THE GST APPLICABLE ON INSURANCE POLICIES WHICH IS PRESENTLY 18% TO 12%. This 6% Reduction of GST being planned for and effort is being made, if goes through  will give great benefits to the Common People of India  in addition to the Bima Sugam System, No-Agent's Commission on directly purchased policies and no-insurance company's apportioned charges to be billed to the concerned insurance product which have already been cleared  through Gazette Notifications of Govt. of India. Here are the Two News Reports I am citing and I am giving reference if you what to read: 1.      The Financial Express News Article: Centre may pus...