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Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore

Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore

by AIP Online Bureau | Sep 13, 2025 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life

The cumulative monetary loss is pegged at ₹4,46,574.93 Lakh (₹4,46,5 crore), the bulk of which comes from damage to roads, power, water supply, agriculture, horticulture, education, fisheries, and rural development infrastructure – ₹2,71,879 Lakh in damage to...
New IRDAI chief Seth to meet insurance CEOs on Sept 17

New IRDAI chief Seth to meet insurance CEOs on Sept 17

by AIP Online Bureau | Sep 12, 2025 | Health, Indian News, Life, Non-Life, Policy, Regulation

Ajay Seth, chairman, IRDAI Though, basically it will be a welcome meeting for the insurers, Seth will use the forum to discuss a few things including the action plan by the insurers to implement the new goods and services tax (GST) plans announced by the government on...
SEBI eases IPO shareholding rules, brings relief for large companies

SEBI eases IPO shareholding rules, brings relief for large companies

by AIP Online Bureau | Sep 12, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Wealth Management/ Philanthropy

According to SEBI’s release, companies with a market capitalisation of Rs 50,000 crore to Rs 1 lakh crore will now get more time to meet the public shareholding requirements. They will be required to achieve 15 per cent MPS within five years of listing and 25 per cent...
FinMin for creation of two globally competitive banks as part of Viksit Bharat vision

FinMin for creation of two globally competitive banks as part of Viksit Bharat vision

by AIP Online Bureau | Sep 12, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The issue of globally competitive banks was deliberated during the first day of the two-day-long PSB Manthan 2025, organised by the Department of Financial Services here, One of the key points discussed was how to make at least two banks globally competitive and that...
Hospitals’ body warns Star Health against unfair practices, cautions on suspending cashless services

Hospitals’ body warns Star Health against unfair practices, cautions on suspending cashless services

by AIP Online Bureau | Sep 12, 2025 | Health, Indian News, Non-Life

“Unless Star Health Insurance takes definitive steps to address the concerns expressed by member hospitals in a timely manner, AHPI and its member hospitals may be constrained to take appropriate action, including withdrawal of cashless services for the policyholders...
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