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‘Rise in early exits from life policies points to misselling’

MUMBAI: RBI’s Financial Stability Report has flagged a rise in early exits from life insurance policies, with surrenders and withdrawals now exceeding maturity pay-outs, signalling policyholder dissatisfaction and the risk of mis-selling. The report also said that surging distribution costs raise the risk of acquisition-cost-driven mis-selling.The report said total benefits paid by life insurers rose...
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USTR probe action creates uncertainty for India, others

NEW DELHI: Fresh uncertainty awaits India and several other countries, with the US Trade Representative moving ahead with just one of the two probes against American trading partners, as the deadline for phasing out the 10% additional tariff approaches.From Tuesday to Thursday, USTR will hold public hearings on the probe related to forced labour which...
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Pakistan’s public money a privilege? World Bank report reveals stark fiscal faultlines

Years of fiscal decentralisation have failed to narrow Pakistan’s regional spending disparities, with provincial capitals continuing to receive significantly higher public spending per person than the rest of their provinces.According to the World Bank’s Strengthening Fiscal Federalism report, cited by The Express Tribune, Quetta recorded the widest spending gap among provincial capitals. Per capita expenditure...
oil minister hardeep singh puri file photo

‘Criticism is welcome, rumours are not’: Puri on E20 fuel buzz, engine damage claims

Union petroleum and natural gas minister Hardeep Singh Puri on Saturday pushed back against social media claims surrounding ethanol-blended fuel, saying that the government welcomes constructive criticism but not misinformation about the biofuel programme.Referring to the recent online debate, Puri said people were free to point out shortcomings in the government’s work and assured them...
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