Sahara to move court against IRDAI’s decision on life insurance business

Sahara to move court against IRDAI’s decision on life insurance business

Chennai: The Sahara group on Sunday said it would approach the court against insurance regulator’s order of transferring life insurance policies of Sahara India Life Insurance Company Ltd to ICICI Prudential Life Insurance Company Ltd. In a statement, the group said: “Sahara will pursue its remedy, against such approach of IRDAI, in the court of law.” “IRDAI (Insurance Regulatory and Development Authority of India) appointed administrator for the reason best known to them and the said administrator secretly submitted a report to the IRDAI for transferring the business of Sahara Life…

Read More

Decision on SGPC-run medical college’s plea to scrap general quota tomorrow

Decision on SGPC-run medical college’s plea to scrap general quota tomorrow

The state government will take a call on whether it will allow Sri Guru Ram Das Medical College (SGRD), Amritsar, to convert all 75 government-quota MBBS seats into management quota on Tuesday. The Shiromani Gurdwara Parbandhak Committee (SGPC)-run institute has 150 seats, with 75 in the government (general) quota and 75 in the management/minority quota. The fee for minority/management quota is around Rs 40 lakh. This is about four times the cost (around Rs 10 lakh) of a seat in the government quota. On Tuesday, additional chief secretary, higher education, SK…

Read More

Mumbai parents win fight against fee hike, civic body asks school to roll back its decision

Mumbai parents win fight against fee hike, civic body asks school to roll back its decision

Parents of those studying in Turner Orchids, the International School in Koparkhairne on the outskirts of Mumbai have managed a small victory. Taking note of their complaint, the Navi Mumbai Municipal Corporation (NMMC) has ordered the school to roll back its fee hike. The parents, in their complaint, said the school has asked parents to pay Rs10,000 (for Class 6 and 7) and Rs15,000 (for Class 8) for the upcoming academic year (2017-18) under the Orchids Careers Foundation Programme (OCFP), in addition to their regular fees. The parents claimed the…

Read More