Tuesday, August 16, 2022

LIC GIVES A UNIQUE OPPORTUNITY FOR POLICYHOLDERS TO REVIVE THEIR LAPSED POLICIES

 16/08/2022 PANINDIA LIC brings a distinctive Special Revival Campaign from 17.08.2022 to 21.10.2022 for its 

customers to revive their individual lapsed LIC policies. 

This Special Revival Campaign is a unique drive as it extends to all non-ULIP Policies with 

very attractive concession in late fee. Under this Special Revival Campaign except ULIP 

policies, all policies can be revived within 5 years from date of the First Unpaid Premium 

subject to policy conditions

Total Receivable 

Premium % late fee concession Maximum Concession 

allowed 

Up to Rs.1,00,000 25% Rs.2500/-

From 1,00,001 to 3,00,000 25% Rs.3000/-

From 3,00,001 and above 30% Rs.3500/-

 

There is a 100% waiver of late fee for Micro Insurance Policies to facilitate affordable 

restoration of risk cover.

 There are no concessions in medical requirements.

Policies except ULIP Plans which are in lapsed condition during the premium paying term 

and not completed policy term as on the date of revival are eligible to be revived in this 

campaign.

The campaign is launched to benefit those policy holders who were not able to pay 

premiums due to unavoidable circumstances and their policy lapsed.

Life Insurance cover is a risk management, for contingent, unexpected loss of life. This 

campaign gives a rare opportunity for LIC’s valued policy holders to revive their lapsed 

policies and continue the benefit of insurance to protect the financial interests of their family.

Dated at Mumbai on the 16th August,2022

For further information, please contact –

Executive Director (Corporate Communications)

LIC of India, Central Office, Mumbai. Email id ed_cc@licindia.com

Visit us at https://www.licindia.i

MGL revises PNG and CNG price


Consequent upon upward revision in allocation of domestically produced natural gas by the Ministry of Petroleum and Natural Gas, Mahanagar Gas Limited (MGL) is pleased to reduce its Compressed Natural Gas (CNG) price by Rs. 6.00/Kg and Domestic Piped Natural Gas (PNG) by Rs. 4.00/ SCM in and around Mumbai effective midnight of August 16, 2022 / morning of August 17, 2022.

Accordingly, the revised MRP inclusive of all taxes of CNG will be Rs.80/Kg and Domestic PNG Price will be Rs.48.50/SCM in and around Mumbai.

The revised MRP of CNG offers attractive savings of about 48% compared to petrol at current price level in Mumbai. MGL’s Domestic PNG offers around 18% saving as compared to current MRP of Domestic LPG while delivering unmatched convenience, safety, reliability and environmental friendliness to consumers.

All our valued customers may please take note of these revisions.


Taiwan Excellence made its mark at Automation Expo 2022 with best-in-class Automation technologies and products





Mumbai, 16 Aug 2022 : An exemplary display of top-notch technological advancements, and modern automation equipment, Taiwan Excellence brought some of its most cutting-edge and up-to-date products to the Automation Expo 2022 in Mumbai — India’s biggest and Asia’s second largest automation expo that started from August 16.


For the first time, Taiwan Excellence had put up a physical pavilion with five top most Taiwanese automation solution providers, including Advantech, GMT Global, HIWIN, TOYO and Techman Robot. The pavilion offered a glimpse into Taiwan’s automation industry, the precise manufacturing techniques, massive ICT technologies and production optimization solutions such as articulated robots, strain wave gears, desktop robots, high rigidity tiny cylinders, electric cylinders, two-fingers electric grippers, embedded computing systems, fanless embedded box PCs and all-in-one touch computers & kiosks.


In addition to the pavilion, Taiwan Excellence’s product launch session — ‘The Future of Automation is Here’ remained the highlight of the first day. In addition to offering insights about Taiwan’s most progressive automation companies, the session emphasized on how Taiwan’s automation industry helps build high efficiency, high flexibility, and high rigidity product lines in reasonable costs.


In the session, Advantech introduced the applications of its industrial computing systems and AI equipment on production lines, and showed how the company helped customers import industry 4.0 for improving performance; HIWIN presented their IIoT based machines and components, with the characteristic of IoT, operators can check the operation and wearing condition of machines, and prevent malfunction happens during production; Techman Robot explained how traditional manufacturing such as metal processing and plastic molding industries applies collaborative robots to realize automatic production and inspection; Toyo introduced its linear slides and compact robots, their compact size and high accuracy can simplify the process of USB drive assembling and semiconductor production, and improve the efficiency of production and inspection.


Making an opening remark in the product launch, Mr. Poyi Edison Hsu, Director of Taipei World Trade Centre Liaison in Mumbai, said, “Taiwan’s automation industry integrates precision machinery technologies and modern ICT applications to provide a wide variety of smart manufacturing solutions. These come with reasonable prices and high quality to meet different production demands, from mass production to “small amount, large variety” needs. Therefore, if India’s manufacturing industries hope to reach their full potentials, Taiwan can be the best partner” 


The Indian industrial automation market was valued at USD 10.72 billion in 2021, and it is expected to reach USD 23.09 billion by 2027, at a CAGR of 14.26% over the forecast period (2022 - 2027).


About Taiwan Excellence 

The symbol of Taiwan Excellence was established in 1992 by Taiwan’s Ministry of Economic Affairs. It was created to recognize the excellence of Taiwan’s most innovative companies. Taiwan Excellence believes that innovation makes a difference in everyone’s life.

Every year, experts gather to award innovative Taiwanese products. Taiwan Excellence Award based on R&D, Design, Quality, and Marketing. Taiwan Excellence Award winners range from high performance laptops to live-saving health management software. Award-winning products are promoted by the government in the international market.

Please visit www.taiwanexcellence.org for more information.


Distribution of modified smokeless stoves of MAHAPREIT to the beneficiaries by Public Works Minister Ravindra Chavan


Thane: On the occasion of Independence Day, in a program organized at Niyojan Bhawan of Thane Collectorate, State Public Works (including Public Works), Food and Civil Supplies, Consumer Protection Minister Ravindra Chavan on behalf of MAHAPREIT distributed state-level improved smokeless stoves to the beneficiaries under MAHADIVA initiative.

The program organized on behalf of Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a semi-government company, was attended by District of the Council Chairperson Pushpa Patil, Collector Rajesh Narvekar, Thane Municipal Commissioner Vipin Sharma, Managing Director Mahatma Phule Backward Class Corporation and Chairman and Managing Director of MAHAPREIT Bipin Srimali, Konkan. Special Inspector General of Police Sanjay Mohite, District Superintendent of Police Vikram Deshmane, Chief Executive Officer in charge of District of the Council Dr. Rupali Satpute, Additional Commissioner of Police Datta Karale, Director of MAHAPREIT V. N. Kalam-Patil, General Manager Prashant Gedam etc were present on this occasion.

Mr. Chavan said that various innovative activities have been undertaken by MAHAPREIT and they are useful for the society. The distribution of improved smokeless stoves will help prevent the degradation of the environment that is currently on the rise due to various factors. Fuel will be saved, and women will be helped to maintain good health. MAHAPREIT should implement this program in a dynamic manner. He urged the eligible beneficiaries to take maximum advantage of this.

At this time Mr. Bipin Shrimali explained the purpose of distribution of these improved smokeless stoves. He said that this state-level program is being launched today from Thane in the year of independence, and under this program, 4 lakh smokeless stoves will be distributed to the backward class beneficiaries in the entire state. These improved smokeless stoves are being provided free of cost “under carbon credit” by Enking International.

As these stoves will reduce the suffering of women in rural areas due to smoke, their health will be improved, fuel will be saved and environmental degradation will also be stopped. He said on this occasion that this kind of program is going on at the global level and India has also participated in it.

On the occasion of this inauguration program, distribution of improved smokeless stoves to eligible beneficiaries in Mumbai, Mumbai suburbs and Thane district, Minister Shri. Chavan and other dignitaries.


Beneficiaries belonging to backward communities should register on the app designed for smokeless stoves distribution. MAHAPREIT's By Shri. Vijayakumar Kalam-Patil.



IHOP® CELEBRATES OPENING OF NEWEST LOCATION IN MUMBAI


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New restaurant invites guests to Come Hungry, Leave Happy!


Mumbai, Maharashtra, August 16th, 2022 – IHOP® is celebrating the opening of its next franchise location in Mumbai. Located at Phoenix Palladium, Lower Parel, this new restaurant serves up the brand’s World-Famous Buttermilk Pancakes and familiar comfort foods, leaving guests with a smile on their faces. Since 1958, IHOP has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. IHOP has seen millions of smiles over the years in their restaurants and continues to be a space to enjoy special moments with family and friends.


The popular American brand has opened in West India in association with Bedrock Food Company Pvt Ltd. Established in 2000, Bedrock Food Company Pvt. Ltd. has been a pioneer in the Indian food and beverage arena and the harbinger of brands such as Subway across India, and Krispy Kreme in North India. They are now foraying into a full-service dining concept with IHOP in Mumbai and look forward to popularising the brand in the region.


At Bedrock Foods, we are very passionate about the hospitality business and the brands we work with,” said Mr. Manpreet Gulri, Director of Bedrock Foods Company Pvt. Ltd., an IHOP Franchisee.Our stint in North India has been stellar with reputed international brands and we are excited to venture into West India with IHOP. We are constantly working with the Dine Brands team to deliver the best quality and the finest offerings to Mumbaikars in line with the brands’ iconic American heritage. We look forward to IHOP receiving the same love and spreading happiness in Mumbai!


IHOP offers an affordable, everyday American dining experience with warm and friendly service. Guests of all ages can enjoy a wide variety of breakfast, lunch, and dinner items, including IHOP’s World-Famous Pancakes, Breakfast Combos, Omelettes, Burritos, Waffles, and more for dine-in, takeout, and delivery.


The new restaurant, located at Phoenix Palladium, Lower Parel is open daily from 9 a.m. to 11 p.m. For more information call +91-9999184486


ABOUT INTERNATIONAL HOUSE OF PANCAKES, LLC

For more than 63 years, IHOP has been a leader, innovator, and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, and a wide selection of popular lunch and dinner items, including Ultimate Steakburgers. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. As of September 30, 2021, there are 1,750 IHOP restaurants around the world, including restaurants in all 50 states and the District of Columbia, Puerto Rico, and Guam as well as Canada, Ecuador, India, Mexico, Pakistan, Panama, and Peru. IHOP restaurants are franchised by affiliates of Glendale, Calif.-based Dine Brands Global, Inc. (NYSE: DIN).


ABOUT  BEDROCK FOODS PVT. LTD

Established in 2000, Bedrock Food Company Pvt. Ltd. has been a pioneer in the Indian FnB arena and the harbinger of brands such as Subway all across India, and Krispy Kreme in North India. They are now foraying into a full-service dining concept with IHOP in Mumbai and look forward to popularising the brand in West India.



Bank of Baroda launches Baroda Tiranga Deposits


A special Domestic Retail Term Deposit scheme offering attractive interest rates of 5.75% p.a. for 444 days and 6.00% p.a. for 555 days 

Senior Citizens get additional interest rate of 0.50% p.a.

0.15% extra for Non-Callable Deposits


Mumbai, August 16, 2022: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of the Baroda Tiranga Deposit Scheme, a special term deposit product offering higher interest rates. The Baroda Tiranga Deposits are available in two tenor buckets – offering interest rates of 5.75% p.a. for 444 days and 6.00% p.a. for 555 days. The scheme opens on 16th August up till 31st December, 2022 and is applicable on retail deposits below Rs 2 crore.


Further, senior citizens will earn an additional interest rate of 0.50% p.a., while Non-Callable Deposits will get 0.15% p.a. extra. 


Baroda Tiranga Deposit Scheme w.e.f. 16.08.2022

Callable Non-Callable

Tenors General/NRE/NRO Senior Citizens General/NRE/NRO Senior Citizens

444 days 5.75% p.a. 6.25% p.a. 5.90% p.a.

(5.75 + 0.15) 6.40% p.a.

(5.75 + 0.15 + 0.50)

555 days 6.00% p.a. 6.50% p.a. 6.15% p.a.

(6.00 + 0.15) 6.65% p.a.

(6.00 + 0.15 + 0.50)


Shri Ajay K. Khurana, Executive Director, Bank of Baroda said, “As India marks 75 years of independence, we are delighted to give consumers one more reason to celebrate. The Baroda Tiranga Deposit Scheme offers a higher rate of interest and the flexibility to choose from two tenures, backed by one of India’s leading and most trusted banks.”


Bank of Baroda customers can use bob World to open an online FD through Mobile. 


About Bank of Baroda

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of over 150 million through over 46,000 touchpoints spread across 17 countries in five continents. Through Its state-of-the-art digital banking platforms, it provides all banking products and services in a seamless and hassle-free manner. The recently launched bob World mobile app provides customers with a saving, investing, borrowing, and shopping experience, all under one single app. The app also serves non-customers by enabling account opening through video KYC. The Bank’s vision matches its diverse clientele base and instills a sense of trust and security. It is moving well in that direction and bob World is a testimony of its roadmap towards Digital Transformation.

· Visit us at www.bankofbaroda.in 

· Facebook https://www.facebook.com/bankofbaroda/

· Twitter https://twitter.com/bankofbaroda

· Instagram https://www.instagram.com/officialbankofbaroda/

· YouTube https://www.youtube.com/channel/UCdf14FHPLt7omkE9CmyrVHA 

· LinkedIn https://www.linkedin.com/company/bankofbaroda/

India’s legendary Fitness Icon Milind Soman has embarked on his solo barefoot run, the 2nd edition of the Unity Run from Jhansi to Delhi this morning at 7 am from Jhansi Fort…

 


He will cover the distance of 450 kms from Jhansi Fort, Uttar Pradesh to Red Fort, Delhi in 8 days from 15th August to 22nd August…

 

Milind is running The Unity Run to promote unity, peace, and harmony to celebrate India’s 75th Independence Day, Aazadi ka Amrit Mahotsav. The first edition of Unity Run was from Mumbai to Statue of Unity, Kevadia. 


Milind will be running across

5 states: Uttar Pradesh, Madhya Pradesh, Rajasthan, Haryana and Delhi…


He has already crossed 45 kms since morning and will be concluding Day 1 with 55 kms. 


Milind will be running through historical landmarks and cities in these states like: Jhansi Fort, Chitrakoot, Gwalior Fort, Vrindavan, Agra and more.

 

Union Bank of India is the  presenting sponsor, Shaaimu India as fitness partner, JK Tyre as ‘Total Control’ partner and Alkem as Health Partner.