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Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025:IRDAI makes transitional arrangements for issuing licenses to intermediaries
To facilitate a smooth transition to the new regime, an interim...
Public Insurance Registry to modernise information architecture of insurance sector:Seth
Ajay Seth, chairman, IRDAI `By enabling standardised, consent-based...
Global natural disasters cause overall losses of around $ 131bn,insured losses at $ 80bn in H1 2025, says Munich Re
Thomas Blunck, Member of the Board of Management After the record year of 2024, the current year is again on its way to ranking among the warmest since the beginning of systematic record-keeping. Based on NOAA data, the annual average global temperatures in the first...
No Insurance Amendment Bill in Parliament’s Monsoon session
M Nagaraju, Secretary, Department of Financial Services ``The Bill is not in the agenda of the current session of the Parliament,’’ confirmed M Nagaraju, secretary, Department of Financial Services(DFS) Mumbai: It is now official. The much awaited `Insurance...
Microsoft suspends services to Nayara, Co sues firm in Delhi HC
"Nayara Energy has initiated legal proceedings against Microsoft following the abrupt and unilateral suspension of critical services. Microsoft is currently restricting Nayara Energy's access to its own data, proprietary tools, and products - despite these being...
64.3% Indians now covered under social security, against 22% in 2016
The government's initiatives for improving access to basic amenities are reflected in the rise in the percentage of the population using an improved drinking water source in rural areas, which has increased from 94.6% in 2015-16 to 99.6% in 2024-25. New Delhi: About...
Raising FDI limit in insurance aimed at unlocking full potential of sector: FM
Nirmala Sitharaman Union ,Finance Minister "Further, this will eliminate the need for foreign investors to find Indian partners for the remaining 26 per cent, easing the process of setting up their operations in India, effectively increasing the number of insurers in...
Only 20-25% of India’s 850 mn internet users shop online, shows untapped potential: McKinsey Report
E-commerce companies are also finding new ways to serve consumers. They are expanding into new categories such as instant bookings for domestic services, professional help, and even medical aid. New Delhi: India's e-commerce sector is set for significant growth in the...
Transparency, investor protection boost confidence in MF as retirement vehicle: ICRA Analytics
“Equity mutual funds have captured significant inflows due to optimism about market recovery and growth, which is appealing for long-term retirement portfolios," said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics. Mumbai: The assets under...
Govt tasks PSU general insurers to ramp up Property portfolio and customer services
(L to R)-Girija Subramaninan, CMD, New India Assurance(NIA), Krishna S Vatsa, member, National Disaster Management Authority and Parshant K Goyal, joint secretary, Department of Financial Services. at NIA's 107th foundation day celebration ``For protecting...
Centre conducts over 9,700 cybersecurity audits of critical sectors like banking, insurance
Jitin Prasada,Minister of State for Electronics and IT “The policies of government of India are aimed at ensuring a safe, trusted, and accountable cyberspace for all users. Multiple initiatives have been undertaken to secure critical infrastructure sectors such as...
No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre
Pankaj Chaudhary, Minister of State of Finance Pankaj Chaudhary, Minister of State of Finance, said in the Rajya Sabha that "there is no recommendation of levying GST on UPI transactions of over Rs 2.000 from the GST Council”. New Delhi: The government has reiterated...