Investment Avenue

Your career is growing. Your income is growing. Is your financial protection growing too?
As professionals, we focus on:
📈 Career growth
💼 Building wealth
🏡 Buying a home
🎓 Planning for children's education
🏖️ Creating a comfortable retirement
But there's one question many professionals overlook:
What happens to your family's financial plan if your income suddenly disappears?
Life insurance can play an important role in an overall financial strategy by providing financial protection against the loss of the primary earner.
Think of it this way:
You insure your assets because they have value.
Your earning capacity has even greater value.
So, shouldn't it be protected?
📩 DM me for an Income Protection Review.
hashtag hashtag hashtag hashtag hashtag hashtag hashtag

Govt Directs State-Run Banks, Insurance Firms To Cut Costs, Shift to EVs

The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country

India's finance ministry directed state-run banks, insurers and financial institutions on Monday to implement cost-cutting measures, including sharp curbs on travel and a phased transition to electric vehicles, according to ‌an order reviewed by Reuters.

The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country.

Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said.

Foreign travel by ‌top executives of the organizations - including chairpersons, managing directors and chief executive officers - should be kept below prescribed limits, with overseas engagements to be attended virtually wherever possible, it said.

Separately, the government has asked the organizations to accelerate adoption of electric vehicles.

"All organizations may aim at replacing the petrol and diesel vehicles hired by them in their head offices and branch offices by electric cars as ‌far as possible," the order said.

The move follows a call last week by Prime Minister Narendra Modi urging officials to follow ‌austerity and exercise restraint in spending, as the government braces for ‌the economic fallout from rising global tensions.

Prolonged West Asia conflict risks slowing growth, stoking inflation and straining the balance of payments, ‌with the Indian rupee already at record lows as Asia's worst performer this year.

Several Indian states have directed employees to work from home ‌two days a week as part of cost-cutting efforts.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)