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Tag: plans

RBI plans ‘umbrella organisation’ for urban cooperative banks

RBI plans ‘umbrella organisation’ for urban cooperative banks

Finance
The Reserve Bank of India plans to set up an “umbrella organisation” for urban cooperative banks (UCBs) to improve their operational and financial health as per global best practices. “A long-term solution to make the UCB sector financially resilient and to enhance the depositors’ confidence is to set up an umbrella organisation (UO) as prevalent in many countries,” RBI said on Thursday. Apart from extending liquidity and capital support, it will set up an information and technology infrastructure to enable the banks to widen services at a relatively lower cost. It may also offer fund management and other consultancy services. Another reason for the move is that the structure, size, lack of avenues for raising capital funds and limited area of operation of urban cooperati
Witness: El Chapo's wife was in on plans for prison escape

Witness: El Chapo's wife was in on plans for prison escape

World
The wife of Mexican drug lord Joaquin "El Chapo" Guzman played a key role in his infamous 2015 escape from prison through a tunnel dug into the shower of his cell, a witness tesified Wednesday at the kingpin's U.S. trial. Former cartel worker Damaso Lopez Nunez told the jury that Emma Coronel Aispuro helped her husband trade messages with his sons and others who coordinated the breakout at Altiplano prison in central Mexico. Coronel "was giving us his orders," Lopez told a New York jury, adding that she also was in on meetings about the escape. After Guzman was recaptured and thrown in another Mexican lockup, the cartel paid a $ 2 million bribe to a prison official in exchange for getting him moved back to Altiplano, the witness said. Before that could happen, Guzman was sent in 2017 to ...
Medicaid health plans now offering to pay non-traditional services

Medicaid health plans now offering to pay non-traditional services

Health
This is a Kaiser Health News story. Emilia Ford became pregnant at 15 and, after her daughter was born, dropped out of high school. As she held down different jobs during the past decade — including housekeeping and working in a relative’s retail store — she always thought about going for her GED to show she met high school academic skills. But the Brookhaven, Pa., woman needed assistance finding tutors and paying for the set of four tests, which cost $ 20 each. She found help from an unexpected source: her Medicaid health plan. AmeriHealth Caritas, a Philadelphia-based insurer with 2 million Medicaid members in Pennsylvania and five other states, helps connect members with nonprofit groups providing GED test preparation classes, offers telephone coaching to keep member...
Aegon Life Insurance plans to tie up e-commerce players, build brand equity

Aegon Life Insurance plans to tie up e-commerce players, build brand equity

Finance
With a business strategy of acquiring policy-holders through digital mode sans intermediaries, Aegon Life Insurance Company plans to tie up with e-commerce players, expand product portfolio and build brand equity, said a top company official. "We will look at people/organisations having digital pools of customers and tie-up with them. We will expand our digital presence as well as our product range. The products will be simple to understand and buy while the process of policy purchase is also being further simplified," Vineet Arora, Managing Director and CEO told IANS on Wednesday. Aegon Life -- a joint venture between Bennett, Coleman and Company Ltd and Netherlands-based Aegon N.V. -- though started operations in 2008 rewrote its business model as digital direct two years back. The compa...
Are you putting retirement plans on hold? What that means for your Medicare eligibility

Are you putting retirement plans on hold? What that means for your Medicare eligibility

Finance
If you're at least 65 and still punching the clock at work, odds are that you have two benefit enrollment periods to worry about this year. That's because in addition to signing up for next year's workplace health benefits, older workers must also make sure to coordinate their coverage with their eligibility for Medicare. The ordeal is a confusing one for the growing population of older workers. By 2024 there will be about 13 million individuals age 65 and older in the workforce, according to the Bureau of Labor Statistics. More from FA Playbook:How y...