The RBI mandated banks to refund the entire sum where mis‑selling...
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Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
Govt notifies wage revision for PSU general insurance industry
The overall hike in wage bill will be 12.41 per cent with an...
Supervision of National Health Claims Exchange may be shifted from NHA to MoF to curb rising healthcare costs, source says
"Strict supervision" of the National Health Claims Exchange - the platform that acts as a gateway between insurers, healthcare providers and patients - will improve the "collective bargaining power" of insurance companies to set treatment rates, the source said NEW...
Govt to sell minority stake in LIC
The quantum of stake sale, price and timing would be decided in due course, the source added. The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027....
Grievance redressal must go beyond disposal to ensure citizen’s satisfaction, Jitendra Singh
Jitendra Singh,Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Personnel, Public Grievances and Pensions “If a complaint is coming from different parts of the country, it is time to question the...
Movement of fuel control switches may have caused Air India plane crash, says a Report
Moving a fuel control switch from "RUN to CUTOFF" in flight would cause the fuel supply to stop flowing to the associated engine. This may result in its immediate shutdown and the loss of any thrust, according to Air Current. That would also stop the two electrical...
Seventeen river gauge stations across India currently above warning level CWC
According to the latest flood bulletin issued on Wednesday, there are no stations currently in an “extreme flood situation”, where the previous highest flood level (HFL) is equalled or exceeded New Delhi: Seventeen river gauge stations across India are currently above...
Trade unions go on daylong strike, services largely unaffected
The unions' demands include doing away with the four labour codes, contractualisation, privatisation of PSUs, increasing minimum wages to Rs 26,000 per month, as well as the demands of farmer organisations for minimum support price for crops based on Swaminathan...
Maharashtra govt yet to pay Rs 1,015-crore premium to insurance companies: Minister
Speaking in the legislative council, Agriculture Minister Manikrao Kokate said the state government will pay its instalment to insurance companies (on behalf of farmers) within eight days. He assured all eligible farmers will get money for crop losses within 15 days...
Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services
A forum of 10 trade unions has given a 17-point charter of demand. It includes withdrawal of fixed-term employment and scrapping of Agnipath scheme, 8-hour workday, restoration of non-contributory Old Pension Scheme and a minimum monthly penion of Rs 9,000 for the...
91pc of individual traders lose money in equity derivatives in FY25 Sebi study
The study indicated that the net losses of individual traders widened by 41 per cent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24. New Delhi: Nearly 91 per cent of individual traders incurred losses in the equity derivatives segment in fiscal year 2025,...
Fintech sector must focus on financial education and consumer protection, says DFS Secretary
M Nagaraju, secretary,Dpartment of Financial Services Secretary Department of Financial Services Secretary M Nagaraju revealed that the country now has around 55 crore Jan Dhan accounts, with 56 per cent held by women, and 90 per cent of Indian adults now possess bank...