Category: State

India Insurance Unit Ranks Second for Grievance Handling

India Insurance Unit Ranks Second for Grievance Handling

NEW DELHI — India’s Insurance Division, operating under the Department of Financial Services (DFS), has secured the second position in the prestigious Group A category of the central government’s Grievance Redressal Assessment and Index (GRAI) for May 2026. The performance index evaluation also saw the Banking Division under the same department achieve the sixth rank. […]
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Aviva Assumes Total Control of Indian Life Insurance Venture (2)

Aviva Assumes Total Control of Indian Life Insurance Venture

Aviva plc has finalised an agreement to acquire the remaining 26 per cent shareholding in Aviva Life Insurance Company India Limited from its long-standing partner, Dabur Invest Corporation. This corporate buyout formally concludes a joint venture that commenced in 2001, effectively ending a quarter-century alliance between the London-headquartered financial services giant and the Indian conglomerate. […]
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‘Broiler Chicken Party’ Emerges Amid Student Protests (2)

‘Broiler Chicken Party’ Emerges Amid Student Protests

A new social media initiative titled ‘Broiler Chicken Party’ has emerged in Bangladesh amid the ongoing movement demanding the resignation of Education Minister Dr A N M Ehsanul Haque Milon. The Facebook-based platform appeared after an audio clip, widely circulated on social media, allegedly referred to protesting students as “farm chickens”, a remark that has […]
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Dollar Trades at Tk122.94 as Forex Rates Update

Dollar Trades at Tk122.94 as Forex Rates Update

Bangladesh’s foreign exchange market continues to play a crucial role in the country’s economy, driven by strong remittance inflows from more than 10 million expatriate Bangladeshis and the steady expansion of international trade. Exchange rates influence a wide range of economic activities, including imports and exports, overseas education, medical travel, foreign payments and business transactions. […]
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Bangladesh’s Forex Reserves Rise To $36.55 Billion

Bangladesh’s Forex Reserves Rise To $36.55 Billion

Bangladesh’s gross foreign exchange reserves have increased to $36.55 billion, reflecting a notable improvement in the country’s external financial position. According to the latest data released by Bangladesh Bank, the country’s total foreign currency reserves stood at $36.546 billion as of 13 July, representing a substantial pool of external assets that supports the nation’s international […]
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Bangladesh Records Strong Remittance Inflow in Early July (2)

Bangladesh Records Strong Remittance Inflow in Early July

Bangladesh received 1.325 billion US dollars in inward remittances during the first 12 days of July, indicating a robust start to the new financial year. Data released by the central bank highlights a steady momentum in expatriate earnings, which remain a vital lifeline for the nation’s foreign exchange reserves and macroeconomic stability. According to Arif […]
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Bangladesh Gold Prices Tumble Following Latest Market Regulation (2)

Bangladesh Gold Prices Tumble Following Latest Market Regulation

The Bangladesh Jewellers’ Association (BAJUS) has implemented a substantial reduction in the price of gold across the domestic market, offering tangible relief to consumer groups. The tariff for high-grade 22-carat gold has been lowered by 2,216 Taka per bhori. Following this industry intervention, a single bhori of 22-carat gold, inclusive of statutory Value Added Tax […]
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Generali Launches Pension Initiative to Bridge India's Retirement Savings Gap

Generali Launches Pension Initiative to Bridge India’s Retirement Savings Gap

Generali Central Life Insurance has introduced an innovative participating pension plan in India, specifically designed to help retail consumers construct resilient retirement portfolios. The strategic product launch comes at a critical juncture, as the sub-continent grapples with a rapidly ageing demographic alongside historically low pension market penetration. Marketed as the Sunehra Pension Plan, this participating, […]
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Escalating Living Costs Force Young Australians to Defer Vital Medical Care

Escalating Living Costs Force Young Australians to Defer Vital Medical Care

A deep economic divide has emerged across Australia as soaring inflation and cost-of-living pressures force younger generations to compromise on standard medical care and financial stability. According to a comprehensive nationwide study, nearly half of all Millennials have postponed vital healthcare appointments over the past year due to mounting financial strain. These sobering indicators form […]
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Tax on Frozen Interest Raises Fairness Concerns

Tax on Frozen Interest Raises Fairness Concerns

Bangladesh’s banking sector has been grappling with prolonged challenges involving public confidence, liquidity shortages and weaknesses in financial governance. While some depositors have faced difficulties withdrawing their own savings, others have experienced delays in receiving funds from matured fixed deposits and deposit pension schemes. Against this backdrop, a significant tax policy debate has emerged: should […]
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