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PM inaugurates RBI’s Rs 169-cr data centre, Cybersecurity Training Institute in Odisha
Prime Minister Narendra Modi inaugurating the Reserve Bank of India's Rs 169-crore data centre and Cybersecurity Training Institute in Bhubaneswar on Sunday The data centre will host mission-critical payment and settlement systems, along with other flagship...
Global insured Nat CAT losses fall to lowest 9-month level since 2019: Gallagher Re Report
Q3 also marked the sixth consecutive quarter without an individual natural catastrophe generating more than USD10 billion in insured losses. This comparatively favorable loss experience has supported strong industry earnings, robust capital positions and substantial...
Europe’s Summer Toll: 50,000 deaths and a €17 billion GDP hit
“We often see elderly patients become confused or have strokes or have cardiac-type events where heat may have made a significant contributing factor to the death,” said Andrew Hartle, an intensive-care consultant at Imperial College Healthcare NHS Trust, in a press...
India’s heatwave move exposes global climate finance gap ahead of COP31
According to India's first Adaptation Communication to the UN Climate Change Summit in 2023 (COP28), the country alone estimated a cumulative need for expenditure for adaptation of Rs 56.68 trillion by 2030.Adaptation finance refers to the funds spent to help...
Led by property, India, Middle East, and Africa see rates decrease in Q3, says Marsh
Insurance rates in the third quarter decreased 14% in the IMEA region, the highest across all regions. No major losses were reported across major insurance lines. Singapore: Rates continued to vary significantly by market, with the steepest reductions in India and...
China’s natural disaster losses hit $30 billion in first nine months of 2026
Geological hazards, which include rain-triggered landslides and mudslides, caused the highest proportion of fatalities and made up 60% of all disaster types, while typhoons caused the largest amount of direct financial damage, the ministry said. HONG KONG: China...
IRDAI extends deadline for comments on Distribution Reforms to Oct 31
The proposed distribution reforms have sparked concerns across the industry over their potential impact on distribution costs, intermediary remuneration and the sustainability of existing business models. New Delhi: The Insurance Regulatory and Development Authority...
AI could unlock USD 2.52 trillion in annual global economic value, rising costs pose risk: McKinsey
The research identified financial services as the sector with the largest potential economic gains from AI, estimated at USD 530 billion annually, followed by education at USD 410 billion, technology, media and telecommunications at USD 360 billion, and healthcare at...
Courts cannot be unmindful when precious water bodies remain unprotected: SC
The court reiterated its directions to states and Wetland Authorities to undertake physical ground-truthing of water bodies, if not already done, and file a compliance affidavit detailing the mode and method adopted for the exercise. New Delhi: The Supreme Court has...
Meta sued in Australian class action over alleged social media harm to children
The lawsuit, filed in the Federal Court, Australia’s second-highest, by law firm MinterEllison this month could be the first in Australia to blame social media for harming its users, particularly children and teenagers. A class-action lawsuit has been filed in an...
Parliamentary panel on Finance selects 46 subjects; AI, virtual digital assets, pension and health insurance sectors on the list
BJP MP Bhartruhari Mahtab has been reappointed as Chairperson of the Committee, which comprises 21 members from Lok Sabha and 10 from Rajya Sabha. New Delhi: Parliament's Standing Committee on Finance has selected 46 subjects for detailed examination and reporting...
Centre beats March 2027 target, issues 11 crore unique farmer IDs under AgriStack
Shivraj Singh Chouhan.Ministry of Agriculture and Farmers’ Welfare The Farmer ID initiative is designed to provide farmers with a unique digital identity, enabling transparent, efficient and timely access to government schemes, bank credit, crop insurance and disaster...
Financial Stability and Development Council reviews cyber resilience of Indian financial sector
Nirmala Sitharaman, Union Finance Minister The FSDC discussed reducing cost of intermediation in the financial sector Union Finance Minister Nirmala Sitharaman also urged the regulators and stakeholders concerned to expedite the process of refund of unclaimed assets...
Govt sets up panel to suggest measures for curbing unethical activities in pharma sector
According to the statement by Ministry of Chemicals and Fertilisers, the panel will examine the existing regulatory set-up and suggest measures to strengthen oversight, monitoring, and enforcement mechanisms to check unethical pharmaceutical marketing practices. New...
MHA seeks public opinion on developing broadband network for security, disaster response personnel
The ministry has chosen 10 pilot locations for the project — the Andaman and Nicobar Islands, Amritsar, Bastar, Bengaluru, Guwahati, Ladakh, Lakshadweep, Mumbai, Rudraprayag and Visakhapatnam. New Delhi: The Union Ministry of Home Affairs on Friday said it has sought...
Govt plans jobs survey changes to add unpaid work, improve gig worker data
"This initiative to estimate platform gig workers is a half-step as there are a large number of informal gig workers who are not on any platform," said K.R. Shyam Sundar, a labour economist and a former professor at XLRI Jamshedpur. NEW DELHI: India has proposed...
Centre expects anti-Cancer drug prices to fall 20-70% under proposed trade margin cap
In an affidavit filed before the Supreme Court in a pending plea seeking regulation of medicine prices, the Union government, through the Department of Pharmaceuticals, said it had decided to rationalise trade margins on anti-cancer drugs after extensive consultations...
Future of Insurance Distribution: Brokers must be valued beyond commissions
As the IRDAI reshapes insurance distribution, reforms must recognise brokers’ role in risk management, claims support and better policyholder protection. Today, they contribute over 40% of general insurance premiums, bringing expertise in risk assessment, product...