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New Nuclear Bill spares suppliers from accident liability
The new bill, named the Sustainable Harnessing of Advancement of...
Surge in gold, silver prices due to geopolitical tensions, says FinMin
Minister of State for Finance Pankaj Chaudhary Gold and silver...
Union govt, NDMA can ask banks to waive loans of Wayanad landslides victims: Kerala HC
A bench of Justices A K Jayasankaran Nambiar and Easwaran S said it will pass orders "nudging" the Centre and the NDMA to ask the banks to waive off the loans Kochi: The Kerala High Court on Thursday said that while the RBI cannot ask banks to waive the loans of...
Slow down: Indian general insurance industry grows premium by just 6.2% to almost Rs 3.08 trillion in FY 25
The top five players -New India Assurance(with a market share of 12.56 per cent), ICICI Lombard General Insurance(8.72 per cent), Bajaj Allianz General Insurance(6.96 per cent), United India Insurance(6.53 per cent), Oriental Insurance(6.45 per cent) , have expanded...
SC summons MoRTH top officials for failing to implement `golden hour’ scheme for road accident victims
Sources in the industry pointed out that the MoRTH has already transferred around Rs 450 crore , mobilised by the general insurers to be spent in `golden hour’ treatment, to its own account so that it can implement the scheme directly without involving the insurers...
Asset valuer appointed for IDBI Bank; govt deliberating on share purchase pact: DIPAM secretary
The privatisation of IDBI Bank has been in process for over two and a half years. In October, 2022, when the government, together with LIC, had invited EoI from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake. This includes a 30.48 per...
RBI cuts rates by 25 bps for a second time as US tariffs add to growth risks
Sanjay Malhotra, Governor, Reserve Bank of India RBI has lowered the GDP growth forecast to 6.5 per cent from earlier projection of 6.7 per cent due to global uncertainties. The RBI lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per...
FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London
The key priorities for the India-UK Economic and Financial Dialogue on the Indian side have been flagged as cooperation in IFSC GIFT City, investment, insurance and pension sectors, fintech and digital economy, and mobilising affordable and sustainable climate finance...
Govt showcases new Aadhaar app for instant authentication, says verification will be as simple as UPI payment
"Now with just a tap, users can share only the necessary data, giving them complete control over their personal information - New Aadhaar App (in beta testing phase)... Aadhaar verification becomes as simple as making UPI payment. Users can now digitally verify and...
India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report
IMF report suggested enhanced data coverage with better granularity for mapping climate-related financial risks in India It acknowledges India’s insurance sector is strong and growing with a significant presence in both life and general insurance. The sector has...
Flipkart fined Rs1.06 cr for flouting IRDAI norms
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent under composite category Hyderabad: The Indian insurance regulator IRDAI has slapped a fine of Rs 1,06 crore on prominent e-commerce company Flipkart, promoted by Binny Bansal and Sachin Banls, for...
Indian insurance industry waits for a new IRDAI chairman
The names of Ajay Sheth, who have been appointed as finance secretary just a few days back, Girdhar Armane, former Defense Secretary , Pankaj Jain, Petroleum secretary are still in the reckoning though it is unlikely that the government will now shift Sheth from the...