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Subscribe to enjoy similar stories. Parametric insurance, also known as index-based insurance, is a type of cover in which the insurance company and customer agree on a sum that will be paid out if a specific event occurs. The event must be measurable, and for the payout to be made, its intensity must meet or exceed a pre-agreed parameter or index, such as wind speed, rainfall, or earthquake magnitude.

Pension System (NPS) to save for their retirement. NPS is a market-linked pension scheme where money accumulated at retirement will depend on the returns earned by the scheme.

Subscribe to enjoy similar stories. In a move to curb cheap Chinese steel imports and protect the domestic industry, the government is planning to bring additional steel products under the Bureau of Indian Standards (BIS) framework. The plan also involves expanding the classification of existing steel standards to prevent products with minor variations from escaping scrutiny during imports, two persons aware of the development said.

Jorge Tarazona is mourning the loss of his three-month-old niece and sister-in-law after they died in last week's catastrophic flooding in eastern Spain

The rise in share prices among banks in the United States on hopes that incoming president Donald Trump will deliver on his promise to lower taxes for corporations, enforce fewer regulations and focus more on reshoring could rub off on Canada’s biggest lenders as well, some analysts say.

Subscribe to enjoy similar stories. MUMBAI : Indian markets are poised to rebound from recent lows, with Donald Trump projected to win the 2024 US elections. The reason for the rebound will be short covering as institutional investors and proprietary traders have hedged their portfolios or taken naked shorts, according to analysts.

Subscribe to enjoy similar stories. Negative marketing on social media through paid posts is on the rise as many small- and mid-sized startups seek to put down rivals, industry experts said. Such marketing can be of various types, although campaigns orchestrated through paid social media posts are most common, several marketing executives told Mint.

The Royal Canadian Mint unveiled a special two-dollar circulation coin Tuesday celebrating Inuit Nunangat — a region that encompasses the Inuit homeland in Canada.

Ministry of Labour and Employment plans to tweak its flagship pension scheme for unorganised workers, the Pradhan Mantri Shram Yogi Maan-dhan Scheme (PM-SYM), to enhance coverage.

On 29 October, the union government expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to provide free health insurance to all citizens aged 70 and above, regardless of income.

Reasons to BuyReasons to AvoidWhat are buyers saying on Amazon?Buyers loved the powerful heating element, quick water warming, and overall quality, though some noted issues with plug size and cord length.Why choose this product?Choose this immersion heater for efficient heat transfer, excellent value for money, and fast heating capabilities.The Havells Plastic HB15 Immersion Heater is a reliable and sturdy water heater, ideal for efficient heating. It has a 1500-watt power capacity, operates on 230 volts, and comes with a nickel-plated heating element for corrosion resistance.

Subscribe to enjoy similar stories. As whiskey ages, a small amount evaporates, a loss that has long been poetically called the “angels’ share." But in the resort town of York, Maine, residents see the vapor as far from romantic. At a town meeting last year, Beth Downs held up photos from Tennessee and Kentucky, showing stop signs and trees covered in an ugly black mold called whiskey fungus.

Subscribe to enjoy similar stories. The combined revenue of companies that have declared their September-quarter financial results so far has risen 9% year-on-year, while net profit declined 2.7%, a Mint analysis showed.

Ministry of Social Justice and Empowerment has extended by a year the tenure of a commission established to examine whether Scheduled Castes (SC) status can be granted to individuals who have converted to religions other than Sikhism and Buddhism. This decision, formalised through a notification dated November 1, comes as the Commission, initially set to conclude its work on October 10 sought additional time to finalise its report. The Commission of Inquiry was constituted on October 6, 2022, under the Commissions of Inquiry Act, 1952.

Washington Gov. Jay Inslee has approved a revised plan for a massive proposed wind farm after he rejected a slimmed-down version earlier this year

Trump donor Norm Champ details how the Biden-Harris regulations have been hurting Americans’ retirement funds on ‘The Bottom Line.’

TORONTO — Canadians now have a single place to appeal banking issues after the federal government’s simplification of the system took effect Friday.

When life throws financial surprises, even the best-laid plans can feel inadequate. Instead of liquidating investments to raise cash, a more strategic option could be a loan against shares (LAS), which offers a low-cost borrowing route with interest rates between 9-12%.

liquidity coverage ratio (LCR) buffer in anticipation of tighter central bank norms kicking in next fiscal, with analysts anticipating a shrinkage in the buffer once the exact thresholds are known. Bankers expect that the higher buffer will decrease once the final circular is published by the Reserve Bank of India (RBI), most likely by December for implementation from next fiscal. Analysts expect a reduction in LCR by 7 to 10 percentage points from current levels. As of now, banks are mandated by the RBI to maintain 100% LCR, which is made up of high-quality liquid assets (HQLA), mainly consisting of government securities and publicly traded common stocks. Most banks have an LCR of about 120%, with some private banks maintaining this buffer over 130%.

Subscribe to enjoy similar stories. LONDON : Britain’s new Labour government presented its plan to jolt the U.K. out of years of moribund growth: more taxes and a bigger state.