Demand for D&O policies on the rise as India Inc looks to protect its brass
Finance Minister Nirmala Sitharaman on Saturday said the government has permitted DICGC to raise deposit insurance coverage by five times to Rs 5 lakh. Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India, provides insurance cover on bank deposits. Deposit insurance coverage will be enhanced from Rs 1 lakh to 5 lakh per depositor, the Finance Minister said her Budget speech in Lok Sabha. At present, the DICGC provides Rs 1 lakh insurance to a depositor regardless of deposit in case the lender fails or liquidated.
Goyal said the government has sensitised all the trade promotion bodies to work towards enhancing exports
After the Delhi High Court's recent ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past