• Mon, December 16, 2024

by: cnbctv18

Unclaimed and outstanding LIC claims surge 83% in 5 years: FinMin

Unclaimed and outstanding deposits refer to amounts that remain unpaid due to various reasons, such as the policyholder or nominee not claiming them, lack of proper communication, or unawareness of the claim process.

by: ceps.eu

EU Payment Observatory - Annual Report 2024

In 2023, the share of enterprises experiencing problems because of late payments in the EU experienced its highest increase in the past five years. Average payment periods seem to have deteriorated, a

by: The Hans India

Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26

The assets under management (AUM) of mortgage finance loans in the country is expected to grow at a healthy 16-17 per cent this fiscal and the next (FY25 and FY26), a report said on Monday.

by: fintechmagazine

Payabl. Executives Outline Payments Challenges for 2025

Payabl. executives highlight 2025 payments trends: digital wallets, embedded finance, AI innovation, PSD3 challenges and industry diversity

by: WTOP News

2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that,

by: fox6now

Personal finance expert breaks down the No. 1 rule on the road to becoming a millionaire

"The Ramsey Show's" Rachel Cruze explains why getting ahead on retirement savings, making the most of your company's 401(k) plan and not delaying Roth IRAs can lead to millionaire status.

by: Channel NewsAsia Singapore

Income could still find other buyers but investors may be cautious, say analysts after Allianz withdraws offer

German insurer Allianz on Monday (Dec 16) announced that it has withdrawn its offer to acquire a majority stake in Income Insurance.

by: Khaleej Times

Mining Grid: Shaping the future of the mining landscape and trends for 2025

From its regulatory foresight to its sustainability-focused initiatives, the nation's strategies ensure its leadership in the rapidly evolving digital economy

by: Express & Star

Start Up Loans programme has positive impact on small business survival

Smaller businesses backed by the government's Start Up Loans programme have higher survival rates than other businesses, finds an independent evaluation, conducted by SQW working in partnership with Professor Mark Hart,

by: The New York Times

Are Tariffs Inevitable?

World leaders and C.E.O.s are struggling to convince President-elect Donald Trump to shift his position on imposing new levies against America's trade partners and its rivals.

by: Cyprus Mail

Cyprus outpaced Eurozone in housing loan costs in October

The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October. The report showed fluctuations in mortgage loans,

by: Daily Monitor

Uganda's property tax collections way below potential - World Bank

Outside Kampala Metropolitan Area, according to the Local Government Finance Commission, Jinja City generates the largest share of revenue from property taxes, averaging Shs1.6b, followed by Gulu City at Shs1.1b and Masaka City at Shs900m.

by: Business Line

Share Market Highlights: Sensex dips 384 points, Nifty settles below 24,700; India VIX up 7%

by: Tuko

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by: Global Finance

Making AI Pay Off in Global Banking

Hussein Al-Abdulla, a member of the Executive Management team at Commercial Bank is EGM, Marketing & Alternative Investments. Having started in retail banking at HSBC in Qatar Hussein covers several areas for Commercial Bank and is a specialist in retail banking, marketing, strategic planning, digital transformation and asset management.

by: Pensions&Investments

TCW's Katie Koch says firm entering private real estate debt market

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by: business-live

North East deals of the week: key contracts, acquisitions and investments

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Lesaka Technologies: Recent News Bolsters The Bull Case

Lesaka Technologies has inched higher in recent months, which is not surprising given several promising developments. Explore more details here.

by: The Jerusalem Post Blogs

A conversation with Brock Pierce: Cryptocurrency pioneer, philanthropist, and friend of Israel

Whether it be attending the March of the Living, meeting Holocaust survivors, or defending Israel, Brock Pierce has shown time and again his commitment to his friends in the Jewish community.

by: Daily Express

Recession fear turns screw on Bank of England to cut interest rates

News last week that the UK economy has shrunk for two months in a row has triggered fears of a recession. At the same time, central banks in Europe, the USA and China have been cutting interest rates to head off a slowdown in key economies around the globe.

by: AOL

US economic output grows at fastest pace in nearly 3 years to end 2024

S&P Global's flash US composite, which captures activity in both the services and manufacturing sectors, hit its highest level in 33 months during the month of December.

by: Kiplinger

Honeywell Is the Best Dow Stock on Spinoff Speculation

Honeywell stock is higher Monday on news the industrial giant may spin off its aerospace segment. Here's what you need to know.

by: Yahoo

A golf apparel brand loved by Chris Paul and Stephen Curry is breaking barriers in the sport. Here's how.

Eastside Golf has had a landmark year. The apparel brand loved by Chris Paul and Stephen Curry is helping make golf more accessible and inclusive.

by: Rolling Out

A specialist's challenge balancing career and finances

Discover the financial decisions behind balancing career growth, family needs, and long-term finance planning with a $210,000 household income.

by: The Hill

Canada's finance minister resigns as unpopular Trudeau faces biggest test of his political career

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by: AOL

Walmart CFO: 'We're a company that wins in any type of economic environment'

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What's Behind Ford Stock's New Sell Rating?

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by: MoneyWeek

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by: Daily Express

Rachel Reeves tanked UK economy - and it's set to get even worse in December

I hate to be the repeated bearer of bad news but with Rachel Reeves running the economy it's the only news around these days.

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Boost Your Finance Career with BBA in Finance & Accounting Integrated with ACCA-UK at JAIN CMS

In today's competitive global market, a robust understanding of finance and accounting is no longer optional--it's a necessity. Businesses depend on skilled financial professionals to manage their revenue,

by: AOL

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by: bnnbloomberg

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Irdai's move to limit banca biz may stifle insurance sector growth: Emkay

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Trump and SoftBank CEO announce $100 billion US investment

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by: Reuters

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SoftBank Group CEO Masayoshi Son will announce a $100 billion investment in the U.S. over the next four years during a Monday visit to U.S. President-elect Donald Trump's residence Mar-a-Lago, CNBC reported on Monday.

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Britain to publish economic and fiscal forecasts on March 26

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by: Reuters

SoftBank CEO to announce $100 bln investment in US during visit to Trump, CNBC reports

SoftBank Group CEO Masayoshi Son will announce a $100 billion investment in the U.S. over the next four years during a Monday visit to U.S. President-elect Donald Trump's residence Mar-a-Lago, CNBC reported on Monday.

by: MSN

Zomato's global finance head Hemal Jain resigns

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by: Reuters

US finalizes $9.63 billion loan for Ford, SK On joint battery venture

The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.

by: MSN

Reliance Capital Acquisition: How did Anil Ambani's company, Once bigger than HDFC, Become debt-ridden? Full timeline

Hinduja Group's IndusInd International Holdings Ltd. (IIHL) plans to complete the takeover of debt-ridden Reliance Capital (RCAP).

by: MSN

German election: Scholz faces confidence vote

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by: Reuters

German business activity ends year in contraction territory, PMI shows

Germany's economic downturn eased slightly in December but business activity still contracted for a sixth month running, according to a survey published on Monday.

by: MSN

Pueblo Chamber names 2024 Citizens of the Year and more local business news

Let's talk business in Pueblo: real estate's challenging year, economic benefits of playoffs, grants, landlords meeting and recognition awards.

by: MSN

Students inclined towards studying social democracy, inclusivity, and climate change crises will choose France

EDHEC Business School is expanding its reach in India with the launch of EDHEC India by 2025, following the success of EDHEC America. The school aims to strengthen academic and business ties with Indian universities,

Unclaimed and outstanding LIC claims surge 83% in 5 years: FinMin

Unclaimed and outstanding deposits refer to amounts that remain unpaid due to various reasons, such as the policyholder or nominee not claiming them, lack of proper communication, or unawareness of the claim process.
The article from CNBC TV18 discusses the significant increase in unclaimed and outstanding Life Insurance Corporation (LIC) claims, which have surged by 83% over the past five years. According to the Finance Ministry, the amount of unclaimed funds has risen from Rs 12,200 crore in March 2018 to Rs 22,266 crore by March 2023. This increase is attributed to various factors including policyholders not updating their contact details, lack of awareness about policy maturities, and delays in claim settlements due to incomplete documentation or disputes. The Finance Ministry has urged LIC to enhance its efforts in tracking down policyholders or their nominees to settle these claims, emphasizing the need for better communication and outreach programs to reduce the backlog of unclaimed amounts.

Read the Full cnbctv18 Article at:
https://www.cnbctv18.com/business/finance/unclaimed-outstanding-lic-claims-surge-83-pc-in-5-years-finmin-19524975.htm

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