General insurance companies reduced their exposure to crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY) during FY24 despite the government’s push to expand the insurance coverage in the farm sector. Gross direct premium underwritten by insurers declined by 4.17 per cent to Rs 30,677 crore during the fiscal as against Rs 32,011 crore in the previous year even as farmers faced crop losses due to floods, unseasonal rains and heatwaves. Crop insurance premium underwritten had risen by 8.66 per cent to Rs 29,465 crore in the previous fiscal…
Tag: FY24
Upgrade overseas to end FY23 as a profitable division; $150 million revenue target by FY24
[ad_1] upGrad Abroad, the overseas education division of ed-tech firm upGrad, plans to generate revenue of $150 million by the end of FY24, Ankur Dhawan, president, upGrad Abroad, told FE Education, adding that the division Will be profitable by the end of this financial year. However, he refused to give exact details. “We plan to partner with four to six universities in the United States (US) every quarter. This we intend to achieve through the launch of new programs in areas such as Alabama and Florida. In addition, We plan…