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Govt aims insurance for all by 2047: DFS Secretary

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Govt aims insurance for all by 2047: DFS Secretary

Mumbai, Jan 19: Underscoring the vision of ‘Insurance for All by 2047’ as roadmap for inclusive insurance growth, M. Nagaraju, Secretary, Department of Financial Services (DFS), said on Monday that the Indian insurance sector, an integral part of the financial system, plays a significant role in the economy by providing protection against mortality, property and casualty risks, encouraging savings, and providing long-term funds for infrastructure development and other long-gestation projects.

Addressing the third ‘IFSC–IRDAI–GIFT City Global Reinsurance Summit’ in Mumbai, the Secretary stated that India stands at the cusp of transformative growth in its reinsurance sector.

During FY 2024–25, the sector issued 41.84 crore policies, collected premiums of Rs 11.93 lakh crore, paid claims of Rs 8.36 lakh crore, and reported assets under management of Rs 74.44 lakh crore (as March 31). The total reinsurance market in India stood at Rs 1.12 lakh crore in 2024-25.

Referring to the global economic scenario, the Secretary noted that India, with a population of more than 1.46 billion, is the world’s largest democracy and, despite challenging global conditions, has emerged as a global player and remains the world’s fastest-growing major economy.

On the global insurance scenario, citing the ‘Swiss Re Sigma’ report, the Secretary said that after strong performance in 2024, premium growth in the global insurance industry is slowing in both life and non-life segments due to global economic slowdown and an unstable policy environment.

According to the report, India remained the 10th largest insurance market globally by nominal premium volumes in 2024, with a market share of 1.8 per cent.

Insurance penetration stood at 3.7 per cent, with life insurance at 2.7 per cent and non-life at 1 per cent, while insurance density increased marginally to $97, indicating significant untapped market potential.

The government and the insurance regulator have enabled policy frameworks and structural reforms to further growth and insurance accessibility.

Moreover, foreign direct investment (FDI) in the insurance sector has been raised to 100 per cent, a new reinsurer was registered last year, and the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 provides for the formation of a Policyholders’ Education and Protection Fund, aligns data protection with the Digital Personal Data Protection Act, 2023, and enhances IRDAI’s regulatory powers.

Greater Kashmir

Nitin Nabin sole candidate for BJP president’s post, set to be appointed on top party post

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Nitin Nabin sole candidate for BJP president’s post, set to be appointed on top party post

New Delhi, Jan 19: Nitin Nabin is set to become the BJP national president as he emerged as the sole candidate for the top party post, senior BJP leader and returning officer K Laxman announced on Monday.

In a statement, he said 37 sets of nomination papers were filed in favour of Nabin as the BJP national president and all nomination papers were found to be valid.

Prime Minister Narendra Modi was among the proposers of Nabin’s candidature for the post of BJP national president. Several senior BJP leaders including party chief J P Nadda, and Union ministers Amit Shah, Rajnath Singh and Nitin Gadkari were among the proposers.

Laxman said according to the schedule, the nomination process for the BJP national president was completed between 2 pm and 4 pm on Monday.

“In all, 37 sets of nomination papers were received in favour of Shri Nitin Nabin for the post of national president. On scrutiny, all sets of nomination papers were found to be duly filled out in the required format and were valid.

“Now, after the period of withdrawal, in my capacity of national returning officer, Sangathan Parv, Bharatiya Janata Party, I hereby announce that only one name, that of Shri Nitin Nabin, has been proposed for the post of national president of the Bharatiya Janata Party,” Laxman said in a statement.

He said the BJP national president’s election process was initiated after the election of 30 state presidents out of 36 states, well above the required number for completing a minimum of 50 per cent of the states.

He said the notification of the schedule of events was announced and the electoral roll was published on January 16.

Of 37 sets of nomination papers, 36 were from states which bore the signatures of 20 leaders in each set of papers.

The other set of nomination papers was proposed by members of the BJP Parliamentary Board, including the prime minister, and 37 MPs.

Greater Kashmir

Div Com Kashmir finalises arrangements for Republic Day celebrations

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Div Com Kashmir finalises arrangements for Republic Day celebrations

Srinagar, Jan 19: Ensure meticulous and befitting arrangements for the celebration of national festival,  directed Divisional Commissioner Kashmir, Anshul Garg to officers while finalizing arrangements for the forthcoming Republic Day in a meeting held at TRC, Srinagar.

Emphasizing the significance of Republic Day,  The Divisional Commissioner stressed the need for maximum participation and directed officers to sensitize all participants about adherence to Standard Operating Procedures (SoPs) and proper protocol during the unfurling of the National Flag and the singing of the National Anthem.

In view of the forecast of inclement weather, officers of UEED and Srinagar Municipal Corporation (SMC) were instructed to keep dewatering pumps ready at the venue to prevent waterlogging. The Chief Engineer, R&B, was directed to install a waterproof canopy over the stands. R&B was also tasked with installing video walls for live streaming of the event, arranging adequate seating, and ensuring proper heating arrangements.

To ensure the smooth conduct of the programme, the Divisional Commissioner directed that all participants must be seated by 9:30 am. He also called for earmarking a specific area for victims of terrorism at the venue. The SSP Security was instructed to facilitate hassle-free entry by augmenting the number of scanning machines.

The Chief Engineer, KPDCL, was directed to ensure uninterrupted power supply with adequate backup arrangements. The Health Department was instructed to set up medical kiosks equipped with medical teams and essential medicines, deployment of critical ambulances near the venue, and coordinate with nearby hospitals.

Information Department was directed to complete selection of National Anthem singing competition, nomination of a commentator, installation of public address systems, issuance of media passes, and facilitation of media coverage of the event.

SSP Traffic was directed to chalk out detailed traffic arrangements to ensure smooth movement of VIPs and the general public. It was informed that parking for VIPs has been designated at the Indoor Stadium, while parking for other officers has been earmarked at Amar Singh College.

To facilitate transportation, the Divisional Commissioner directed SRTC and SSCL to provide an adequate number of buses for ferrying participants and officers from their respective locations.

Other departments were also issued directions in accordance with their assigned responsibilities to ensure the successful conduct of the Republic Day celebrations.

Besides, Commissioner SMC, Additional Commissioner Kashmir, SSP Traffic, SSP Security and SSP Control Room, the meeting was attended by HoDs and officers of all the civil departments.

Greater Kashmir

PM Modi calls for criticism with dignity in legislatures

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PM Modi calls for criticism with dignity in legislatures

Lucknow, Jan 19: Prime Minister Narendra Modi on Monday stressed the need for respecting differing viewpoints and criticism with dignity in legislatures, underscoring technology’s role in enhancing transparency in legislative and democratic processes.

In a message to participants of the three-day 86th All India Presiding Officers’ Conference (AIPOC), which began in Lucknow, PM Modi said that this Conference provides an effective platform to the Presiding Officers of our Parliament and the legislatures of States to share perspectives and experiences in following legislative practices and upholding Constitutional values.

“It also provides them an opportunity to share their concerns, best practices and initiatives to further enhance legislative efficiency and democratic processes,” he said in a statement.

Greeting Lok Sabha Speaker and AIPOC Chairman Om Birla for the event, PM Modi said, “In today’s digital age, technology is a proven force multiplier. It continues to be relevant in strengthening transparency, efficiency and citizen-centric legislative processes.”

He said technology is also important for optimising the capacity of legislators and in making our legislatures and elected representatives more accountable and accessible to citizens.

May the deliberations at this Conference further boost the effectiveness and efficiency of the Presiding Officers in raising the quality of debates and discussions in the Houses, he said.

Recalling the AIPOC’s past, PM Modi said, “What is particularly pleasing to note is that this national conference follows the conclusion of the 28th Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC) hosted by our Parliament.”

He said since its inception in Shimla in 1921, AIPOC has truly come a long way. Having addressed AIPOC sessions earlier, my mind immediately races back to my participation at the Centennial conference, also held in Shimla in 2021.

The Prime Minister said debates and discussions are important part of a democracy as these promote transparency, fairness and respect for differing viewpoints and criticism with dignity.

“In this context, Speakers and Presiding Officers play a crucial role in ensuring the smooth, impartial and orderly functioning of legislative bodies by facilitating effective transaction of business while maintaining decorum and decency on the floor of the House and adhering to legislative rules and procedures,” he said.

By presiding over debates, giving members an opportunity to speak, deciding points of order and overseeing voting, they act as neutral authorities above party politics, uphold the dignity of the House and safeguard the integrity of democratic processes, he added.

Greater Kashmir

Three drug peddlers held with contraband substance in south Kashmir: Police

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Three drug peddlers held with contraband substance in south Kashmir: Police

Srinagar, Jan 19: As part of its sustained efforts to eradicate the menace of drugs from society, Jammu and Kashmir Police have arrested three drug peddlers in south Kashmir’s Shopian and Pulwama districts and recovered contraband substances from their possession.

In Shopian, during routine naka checking by police party of Police Post Wachi at Naghard Babpora, intercepted a vehicle (Swift car bearing registration No. JK13J-3347) with two persons onboard. They have been identified as Ishfaq Ahmad Koka, and Inayat Ahmad Lone, both residents of Melhura Zainapora. During search, heroin-like substance weighing approximately 58 grams were recovered from their possession. The vehicle used in commission of the crime was also seized.

Meanwhile in Pulwama, a police party from Police Station Litter, intercepted a suspicious person at Nikloora, Pulwama identified as Abdul Rashid Sheikh, son of Mohammad Ramzan Sheikh, resident of Nikloora, Pulwama. During search, one charas patri weighing 7.545 kg and charas powder weighing 450 grams were recovered from his possession.

Accordingly, cases under relevant provisions of law have been registered at respective police stations and investigations have been initiated.

J&K Police reiterated its commitment to maintaining a drug-free society and appealed the general public to cooperate in this noble mission.

Greater Kashmir

Electricity Amendment Bill likely in budget session

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Electricity Amendment Bill likely in budget session

New Delhi, Jan 19: Power Minister Manohar Lal on Monday said the Electricity Amendment Bill is likely to be introduced in the upcoming Budget session of Parliament.

The bill seeks to bring reforms in the power sector and ensure the profitability of debt-ridden power distribution companies.

The minister made these remarks on the sidelines of the inauguration of the IIT-Delhi-CERC-Grid India Centre of Excellence in the national capital.

On Sunday, the power ministry said that power distribution utilities have jointly recorded a profit of Rs 2,701 crore in FY25 after having incurred losses for several years.

However, about 50 discoms are still in losses, the ministry said.

On strategies to make all discoms profitable, Lal said, “In the next Budget session, we are bringing amendments to the Electricity Act so that discoms don’t face losses and receive timely payments”.

Also, a consultation meeting is being scheduled with the state representatives to discuss proposed amendments to the Electricity Act, a senior ministry official said.

As per a government document, the Electricity (Amendment) Bill, 2025, also aims to preserve the federal balance, promote cooperative governance, healthy competition, and enhanced efficiency of the sector.

The amendments will not only strengthen the power distribution sector through financial discipline but also strengthen the framework for addressing the challenges of the power sector, as stated in the FAQ on the Electricity (Amendment) Bill, 2025.

The government’s ongoing efforts to bring amendments to the Act have also attracted criticism from several sections.

The All India Power Engineers Federation (AIPEF) has opposed it, arguing that the bill proposes multiple distribution licensees to use the existing network of government dioscoms.

“The bill seems to support privatisation motives. The central government continues to press ahead with its privatisation agenda through the Electricity (Amendment) Rules,” AIPEF Chairman Shailendra Dubey said.

Greater Kashmir

Security forces bust terrorist hideout in Kishtwar, anti-terrorist op continues

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Security forces bust terrorist hideout in Kishtwar, anti-terrorist op continues

Kishtwar, Jan 19: An encounter between security forces and terrorists has entered in day two on Monday, as security forces intensified search operation in dense forests of Son Nar, northeast of Chhatru in Jammu and Kashmir’s Kishtwar.

Taking to micro-blogging site X (formerly Twitter), Army’s White Knight Corps said: “Operations under Operation Trashi-I continue in the general area of Son Nar, northeast of Chhatru. The cordon has been further tightened with search operations expanded”.

“Troops of White Knight Corps, along with Jammu and Kashmir Police and CRPF, remain deployed to dominate the area,” Army added.

As per reports, eight forces personnel injured during initial exchange of fire between security forces and terrorists in the encounter on Sunday.

An official said that all injured forces personnel were evacuated to Army hospital for treatment, however one of the injured identified as Havaldar Gajendra Singh of the Special Forces succumbed to his injuries.

He said the operation is still underway, with security forces maintaining a tight cordon in the area to neutralise any remaining threats.

Advanced surveillance equipment, including drones, and sniffer dogs have been deployed to speed up the operation.

Operations have been further intensified in the run-up to the Republic Day to ensure peaceful celebrations, amid intelligence inputs about desperate attempts by Pakistan-based handlers to push more terrorists, they said.

Meanwhile, the security forces busted a terrorist hideout during an ongoing search operation in the forest area of Chhatru in Kishtwar district on Monday.

Greater Kashmir

CM Omar meets Amit Shah in Delhi, discusses various matters concerning J&K

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CM Omar meets Amit Shah in Delhi, discusses various matters concerning J&K

Srinagar, Jan 19: Jammu and Kashmir Chief Minister Omar Abdullah on Monday met Union Home Minister Amit Shah to discuss various matters concerning the Union Territory.

In a post on X, the office of the Chief Minister said that Omar Abdullah met the Home Minister in New Delhi today.

It said the Chief Minister discussed several issues and matters related to Jammu and Kashmir with Amit Shah. —(KNO)

Greater Kashmir

Public-friendly state-owned utility best answer to privatization: Er. Hidayatullah

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Public-friendly state-owned utility best answer to privatization: Er. Hidayatullah

Srinagar, Jan 19: Er. Pirzada Hidayatullah, President of the J&K Electrical Engineering Graduates Association (JKEEGA) and Vice Chairman of the All India Power Engineers Federation (AIPEF), represented Jammu & Kashmir at the high-level Federal Executive Meeting of AIPEF held in Kolkata on 18-01-2026.

The meeting, presided over by Shailendra Dubey, Chairman AIPEF, saw the participation of senior power sector engineers and representatives from various state constituents across the country to discuss the evolving landscape of the Indian power sector.

A central theme of the federal meet was the collective resolve of all state constituents to launch a nationwide struggle against the privatization of the power sector. The federation unanimously opposed the Electricity Amendment Bill 2025, asserting that the proposed legislative changes threaten the energy security of the nation and could lead to a steep rise in tariffs for common consumers and the farming community.

Addressing the federal executive, Er. Pirzada Hidayatullah laid strong emphasis on the internal strengthening of the distribution sector as the primary defense against privatization. He argued that by improving operational efficiency and delivering superior services to the public, the department can naturally negate the justification for private intervention.

“Our focus must remain on strengthening the distribution infrastructure and ensuring consumer satisfaction. A robust, efficient, and public-friendly state-owned utility is the best answer to any privatization move by the Government,” Hidayatullah stated.

The meeting concluded with a call for unity among power engineers and workers across India to safeguard the public character of the power sector. The AIPEF leadership warned that any attempt to bypass the concerns of stakeholders regarding the 2025 Bill would be met with democratic protests across all states and Union Territories.

Greater Kashmir

All arrangements in place for Republic Day celebrations: Anshul Garg

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All arrangements in place for Republic Day celebrations: Anshul Garg

Srinagar, Jan 19: Divisional Commissioner Kashmir, Anshul Garg on Monday said that all arrangements have been completed by the administration for smooth Republic Day celebrations in Srinagar.

Speaking with reporters here, Anshul Garg said that children are excited to take part in cultural programmes, and rehearsals have already begun at the Bakhshi stadium.

He said that illumination of government buildings across Srinagar is underway to mark the national event. “This is a very important festival for us. All departments are preparing to celebrate it at their respective levels and offices,” he said.

He also said that Srinagar is witnessing a significant civic transformation under the Smart City Mission, with major infrastructure and public service projects nearing completion ahead of the Republic Day celebrations. —(KNO)

Greater Kashmir

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