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IRDAI weighs Jan 1 or Apr 1, 2027 rollout of new EoM norms; Bima Sugam likely by November: Seth
Ajay Seth, Chairman, IRDAI Defending the regulator’s sweeping proposals to recalibrate insurance distribution economics, Seth said the proposed framework should ultimately benefit policyholders by creating greater efficiencies and potentially lowering premiums.The...
Bharat Maritime Insurance Pool issues 3000 Cargo War, 92 Hull War-risk and 3 P&I policies, War-risk prms fall by 35–40%
Also,for the first time, Indian companies are insuring Indian ships independently for higher-value vessels. The coverage spans Hull & Machinery, Cargo against War perils in High-Risk Area and Protection & Indemnity. New Delhi:Amidst prolonged West Asia...
Bank unions defer 3-day nationwide strike following assurance from IBA
"A high-level committee of the IBA and UFBU will be formed immediately to deliberate on the issue of declaring the remaining Saturdays as holidays. This committee will explore all possible alternatives, discuss with all the stakeholders, and work out a solution...
Boeing flags 737 MAX software glitch affecting landing navigation feature, WSJ reports
Boeing has identified a previously undisclosed 737 MAX software glitch that could cause an automated navigation feature to fail during landing, the Wall Street Journal reported on Saturday, citing company documents. The software issue in some of its B737 MAX planes...
After GST exemption, retail policy base rises 11pc for Star Health
The average sum insured on fresh retail health indemnity policies rose by about Rs 1.4 lakh to Rs 13.7 lakh during October 2025-August 2026, compared to the year-ago period, the insurer said. Kolkata: The exemption of individual health insurance premiums from GST...
5 Yrs of PM-Jay:60 cr beneficiaries,13 cr hospital admissions, Rs 2 lakh cr spent on treatments, says Nadda
J P Nadda,Union Health Minister Dr M Srinivas, Member (Health), NITI Aayog, said the next phase of PM-JAY should focus on strengthening continuity of care, quality and patient-centric healthcare, including seamless referral mechanisms for patients requiring...
Climate change: Centre assures support to farmers battling drought, floods
While some states in the country were dealing with floods, others have drought, the minister noted, adding, "We are witnessing adverse effects of climate change and we have to deal with them."Shivraj Singh Chouhan,Union Agriculture Minister Nagpur: The Centre will...
Climate Disasters: Shrinking funding & heightened risk of GLOFs
Himalayan glaciers are losing mass 65% faster than they were a decade ago, according to a new report by global consultancy Systemiq, produced with Kathmandu-based International Centre for Integrated Mountain Development. Yet only around 0.1% of the Himalaya's...
Drought declared in three-quarters of India’s richest state, Maharashtra
The declaration in Maharashtra came after the national weather department forecast India would end its annual monsoon season with a rainfall deficit, threatening farmers' livelihoods. A stronger-than-usual El Nino climate phenomenon, which typically brings drier...
Insurance brokers body to engage IRDAI soon over proposed distribution reforms
L-to-R- Functionaries of Insurance Brokers Association of India- Rashmi Iyer, director,Nirmal Bazaz, secretary, Narendra Bharindwal, president- at the AGM of the association in Mumbai on Saturday “We are carefully reviewing the consultation paper to fully understand...
India can achieve over 10% economic growth, says Sitharaman
Nirmala Sitharaman,Union Finance Minister Sitharaman cited the use of technology to speed up harvesting and prepare land for the next crop, as well as drones and aerial geospatial instruments for precision mapping of land parcels that were earlier mapped manually....
Pilots’ body seeks role in review of Air India AI171 crash report, raises technical concerns
In a letter to Civil Aviation Minister Ram Mohan Naidu, the pilots’ body said it has learned that the government is either considering or has already initiated an independent examination of the draft report being prepared by the Aircraft Accident Investigation Bureau...
“Maritime security emerges as a major challenge in the world today”
Former National Shipping Board member Captain Sanjay Parashar said that maritime security has emerged as a major challenge before the world today and that seafarers working on ships should not become targets during situations of war and conflict. New Delhi: A...
Non-recovery of train ticket from deceased passenger can’t defeat compensation claim: SC
The Supreme Court has said the absence of recovery of a train ticket from a deceased passenger cannot result in defeating the compensation claim, as it restored the payout awarded to the parents of a man who died after falling from a moving train in Gujarat in 2017....
Trump rejects Iran’s 7 day ceasefire proposal, prepares for military escalation after US Midterms: Report
According to the report, which quoted US officials, the US President has told aides he expects to resume bombing Iran after the November midterms. This follows his open threat of annihilating Iran made during his speech to the UN General Assembly earlier this week....
Recurring landslides threaten to render West Sikkim village uninhabitable
Disaster Relief Commissioner Rinzing Chewang said a detailed geological survey would be conducted after the monsoon to assess the landslide and determine its causes through a multidisciplinary assessment involving various government departments. Gangtok: Recurring...
Iran Foreign Minister Aragchi offers seven-day plan to end conflict, open Hormuz and restart peace talks
Iran's foreign Minister Syed Abbas Aragchi "We have introduced a plan to the United States through the intermediators that if certain conditions are met, the Strait of Hormuz would be open on the end of the seventh day and talks would restart...it would be better, if...
Meta misled consumers in case over Cambridge Analytica scandal, jury says
The lawsuit accused the company of making statements that misled New Mexicans about how their personal information would be shared with third parties; how it handled hate speech and misinformation on the platform; and whether it gave some users preference in how it...