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United Bank of India to sell third party health cover to boost fee income

KOLKATA: State-owned United Bank of India on Saturday announced that it would offer third party health cover to its customers. It has entered into a partnership with Star Health & Allied Insurance Co for the same a few days before.The Kolkata-based lender thus become a corporate agent of the health insurer.This arrangement would help the loss-making bank boost its fee income.UBI reported Rs 883 crore net loss in the second quarter, which was more than double the net loss of Rs 345 crore seen in the year ago period.UBI has...
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PM Modi pays tribute to DD News journalist Achyutanand Sahu

Addressing a public gathering in Odisha, Prime Minister Modi said Sahu, who was targetted by "cowardly" Naxals, was performing his duty of presenting to the world the democratic picture of the country through Doordarshan. He also said that sacrifices such as his have only strengthened India's resolve to end this cycle of violence. Sahu, along with three police personnel, was killed in an ambush in Dantewada district, a Maoist hotbed in the heavily forested central Indian state of Chhattisgarh. Another police personnel who was critically injured in the attack succumbed to injuries. DD News had deployed a team to...
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PM Modi dedicates Kollam bypass in Kerala to the Nation

He said 90 percent of the rural habitations are now connected by road. He was addressing a gathering at Kollam in Kerala after dedicating the Kollam Bypass to the Nation. Prime Minister said that the last man in the queue is his Government's concern. Prime Minister urged the Kerala Government to expedite implementation of various centrally-sponsored projects in the State.   Earlier in the day, PM  Modi launched and laid foundation stone of several development projects, worth over 1,500 crore rupees, at Balangir in Odisha . PM Modi dedicated to the nation...
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May wins confidence vote, seeks to end Brexit stalemate

Embattled British Prime Minister Theresa May on Wednesday won a confidence vote and averted a general election, a day after her government suffered a parliamentary defeat over her Brexit divorce deal with the European Union. Her government won by 325 votes to 306 - a majority of 19. After the results of the confidence vote were announced to cheers from her Conservative MPs, British Prime Minister Theresa May said she believed parliament had a duty to find a solution that delivered on the 2016 Brexit referendum result. She said that...
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Karnataka: Political situation still uncertain ​

Fate of Kumaraswamy government in Karnataka's JDS-Congress government continues to hang in balance with reports of more Congress MLAs going incommunicado. According to media reports emerging from Bengaluru, around 11 legislators have gone missing and Congress leadership is unable to contact them. There are unconfirmed reports that these legislators could resign from Congress and shift loyalites. One of these MLAs, Umesh Jadhav from Chincholi, who was aspiring to be a minister, has been spotted with BJP leaders in Delhi. The MLAs are said to be disgruntled over not finding place...
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Need to change crop pattern: Nitin Gadkari

Union Minister for Water Resources and River Development Nitin Gadkari today inaugurated the 9th International Micro Irrigation conference at Aurangabad in Maharashtra. 740 delegates including 100 foreign delegates from 56 countries and as many 100 agricultural scientists are attending the conference. Addressing the gathering, the Union Minister said that micro irrigation system is very crucial for development of the agriculture sector in rural economy.    ...
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Paid over Rs 20K for property? Get ready to pay penalty

Be ready to receive the I-T Department’s notice if you have made above Rs 20,000 cash transaction in a property purchase in Delhi. I-T Department’s Delhi division is going to start a drive against property purchases where the cash transaction crosses the limit of Rs 20,000.“Income Tax Department’s Delhi division is short-listing the registry of properties involving cash payment above Rs 20,000. I-T Dept has scanned all the registries made from 2015 to 2018 when I-T teams visited all 21 Sub-Registrar offices of Delhi. They scanned all the registries done...
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We will live through elections, go fully invested: Ravi Dharamshi

The elections matter a lot to a speculator. For us, it is a question of offering an opportunity to enter or exit, says Ravi Dharamshi, CIO, ValueQuest, told ETNow's Nikunj Dalmia. Edited excerpts: Nikunj Dalmia: Well begun is half done, or this is just the beginner's luck.Ravi Dharamshi: No, I think first of all our tribute to John Bogle. His contribution to the fund management industry is a lot and one has to recognise that. Coming back to 2019, we really went through a rough period in 2018, especially if...
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HDFC Bank Q3 results meet expectations: Major highlights

HDFC Bank on Saturday posted 20.31 per cent year-on-year rise in its net profit at Rs 5585.85 crore for the quarter ended December 31, 2018, in line with ETNow estimate of Rs 5,603 crore.Higher net interest income and other income supported the bottomline numbers of HDFC Bank in Q3. Here are the key takeaways from HDFC Bank's third-quarter earnings: NII: Net interest income (interest earned less interest expended) increased by 21.90 per cent YoY to Rs 12,576.80 crore in Q3FY19, driven by asset growth of 23.70 per cent and a...
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Transformation of railways in NDA budgets

Prime Minister Narendra Modi had promised to transform the railways before coming to power, and he has been on track. Though there's still a lot to be done, the railways have managed to shed the image of a state enterprise impervious to change and aloof to its customers' needs. A large number of new customer services has made the railways more customer-oriented while launch of faster trains and significant upgrades of existing ones have changed the look of the railways. In Railway Budget 2014, then railway minister Sadananda Gowda pitched...
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