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Need to harmonise regulations across regulators to reduce compliance friction:DEA Secy
Given the rapidly evolving landscape, Department of Economic...
Tampering with mobile IMEI non-bailable offence, attracts 3-yr imprisonment, Rs 50 lakh penalty: DoT
"DoT emphasises that these regulations are essential for...
India’s key monsoon rains arrive early, promising respite from heat, boost crop and rural demand
Nearly half of India's farmland, without irrigation, depends on the annual June-September rains. Regular rains during the monsoon season will also bring relief from the searing heat wave that has seen maximum temperatures cross 50 degrees Celsius (122°F) in some parts...
MS Amlin forecasts “substantially above average” hurricane activity
“The insurance industry can help people and businesses to absorb climate blows, but only if pricing adequately reflects the escalating risks of stronger, more destructive hurricanes in a warming world. Investing in sophisticated catastrophe modelling and research will...
S&P Global to observe India’s fiscal glidepath for possible rating upgrade
''Within the next 2 years we will be closely observing whether the government's depiction of fiscal consolidation path will carry on… We will be observing for the next 1-2 years to see how this fiscal numbers will come to pass and if so, this will lead to a rating...
RBI shifts 100 tonnes of gold from vaults in UK to India to save storage cost
The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the same time last year, according to the annual data released by the RBI New Delhi: The Reserve Bank of India (RBI)...
Online payment frauds jump over 400% in India:RBI data
"Fraudsters are getting sophisticated by the day, while financial institutions and fintechs, jostling for market share and growth, have loosened controls." Mumbai: Digital payment frauds in India saw a more than fivefold jump to Rs 14.57 billion ($175 million) in the...
Ambani’s financial services App to take on Google and Amazon
The company announced the test version of its platform, named JioFinance, for UPI transactions, bill settlements as well as insurance related services Mumbai: Billionaire Mukesh Ambani's Jio Financial Services has introduced a new super-app for digital banking and...
China poised to impose a record fine on PwC
PwC faces a fine of at least 1 billion yuan ($138 million), the people said. That would exceed the previous record fine for an accounting firm, the 212 million yuan handed out to Deloitte Touche Tohmatsu Ltd. in 2023 China is poised to impose a record fine on...
Ayushman Bharat: Govt spends Rs 89,000 crore for treating 7 crore people, says Health Secy Apurva Chandra
Apurva Chandra,Union health secretary Union health secretary Apurva Chandra stated that "e-Sanjeevani, the world's largest telemedicine initiative, serving 241 million patients, including 57 per cent women and 12 per cent senior citizens has led to savings of USD 2.15...
New India and GIC Re to launch India’s first Digital Identity Monitoring and Insurance Solution
“As more of the Indian population moves online and shares sensitive identity information on various platforms, it’s vital that individuals have access to the right protection should their data be breached. We are pleased to introduce our latest innovation in...
Provide compensation to families of those killed in heatwave: Rajasthan HC to govt
The court said there was a need to declare heatwaves and cold waves "national calamities" and looking at the fact that a large number of people have lost their lives due to extreme heatwaves and heatstrokes during summers and chilling cold during winters, it was high...