PK Mishra,Principal Secretary to Prime Minister Addressing the 20th...
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IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue...
Monsoon rains to hit southern Indian coast early, spurring crop planting
Last month, the India Meteorological Department forecast...
Ship insurers juggle war risks for perilous Gulf route
To price war risk premiums, underwriters are considering numerous factors such as the type, flag and owner of the vessel, as well as its size, speed and cargo London: Iranian forces' threat to ships in the crucial Strait of Hormuz has driven up payments for the...
Near-term outlook remains uncertain with external shocks posing downside risks to growth:Finmin
The geopolitical developments have introduced a complex and multi-layered set of risks for India, given its position as a major energy importer with strong trade, investment, and remittance linkages with the West Asia region, the Monthly Economic Review for March...
Jio Fin Services expects to begin life, general insurance biz in 2026
``We hope to start insurance manufacturing in 2026, subject to regulatory approvals, The company is working towards building the necessary teams for the insurance foray.'' Hitesh Sethia,chief executive and managing director said Mumbai:After commencing its reinsurance...
Advertisements on alcohol, tobacco, and accident insurance banned on trains and stations:Ashwini Vaishnaw
In case of any violation, an immediate corrective action will be taken, said Ashwini Vaishnaw,Union Minister for Railways New Delhi: Indian Railways has said advertisements on alcohol, tobacco and accident insurance that are objectionable in the eyes of law are...
Pilots’ association urges DGCA to suspend flights in high-risk conflict zones in West Asia, mandate insurance coverage
In a letter to DGCA, Airline Pilots' Association of India (ALPA India) said commercial airlines do not possess the requisite intelligence, surveillance capabilities, or geopolitical risk assessment infrastructure necessary to adequately evaluate threats in active...
RBI mulling e-cheques, widening regulatory ambit to include digital payment cos
As part of its efforts to prevent fraud, the RBI is also planning to implement a uniform Domestic Legal Entity Identifier (DLEI) framework that would enable the identification of parties to a transaction. Mumbai:The Reserve Bank on Friday introduced the 'Payments...
Investors’ wealth slumps Rs 8.86 lakh cr amid geopolitical chaos, surging oil prices
"Investor sentiment remained fragile due to a lack of clarity surrounding geopolitical tensions between the US and Iran, which once again pushed crude oil prices above the USD 100 mark. In addition, persistent FII (Foreign Institutional Investors) outflows and sharp...
Trump extends deadline for striking Iranian energy plants to April 7
The war has massively disrupted shipping, sending crude oil prices up around 40%, seen liquefied natural gas prices spike, and prices for nitrogen-based fertilizers, critical to food production, rise around 50%. U.S. President Donald Trump said he would again extend...
US insurance program meant for Strait of Hormuz to begin soon:Scott Bessent
Scott Bessent,US Treasury Secretary Although the program was first unveiled March 3, there’s no evidence that any vessels benefiting from the initiative have passed through the strait, a chokepoint for roughly a fifth of global oil and gas flows. Treasury Secretary...
Financial literacy a “core life skill” to secure savings, says Shamika Ravi
Shamika Ravi, Member of the Economic Advisory Council to the Prime Minister, explained that while increased digitalization has simplified access through phones, it has not necessarily improved understanding of sophisticated products. She questioned why traditional...