Noting that such offences may be due to either collusion by or the...
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General Insurers’ total Jan premium rises 15% to Rs 33,346 crore
With another two months, February and March, to go before the...
India expected to see surge in Parkinson’s disease, becoming 2nd-highest in 5 yrs
With a prevalence rate of 15-43 per 100,000, India is experiencing...
Mutual fund assets surge 23% to hit record Rs 65.74 trillion in FY25
The systematic investment plans (SIPs) were popular among investors as flows into this segment rose sharply, with yearly contributions rising by 45.24 per cent to Rs 2.89 trillion in FY25. This substantial increase, along with MTM gains, saw SIP assets rise 24.6 per...
Ministry of Labour and Employment notifies sweeping amendments to the Employees’ Provident Fund rules
The new provisions directly affect over 6 crore salaried employees came into force today, aim to streamline compliance, improve transparency, and secure long-term financial stability for the nation’s workforce New Delhi: In one of the most far-reaching reforms to...
All high court judges entitled to full pension: SC
Observing that denial would amount to violation of right to equality under Article 14 of the Constitution, a bench comprising Chief Justice B R Gavai and Justice Augustine George Masih said full pension will be paid to all irrespective of when they were appointed and...
GIC Re officers’ association urges Sitharaman to delink reinsurer from GIPSA
``GIC Re’s lean organisational structure with fewer than 500 employees, compared to the thousands employed by public sector general insurance companies (PSGICs), makes uniformity under GIPSA operationally infeasible and strategically flawed,'' the GIC Re officers'...
Kin of accident victim get Rs 41 lakh compensation MACT overrules cheque dishonoured argument
The insurance firm claimed the policy on the offending vehicle had been cancelled due to a cheque given by its owner getting dishonoured. However, citing a Supreme Court judgement, the MACT said "cancellation of insurance policy due to cheque through which premium was...
Embrace healthy lifestyle, eat balanced diet, monitor timely to control hypertension: Nadda
JP Nadda,Union Health Minister Hypertension, often termed the "silent killer," is a leading risk factor for cardiovascular diseases, leading to heart attacks, strokes, and kidney failure. India alone has over 220 million individuals suffering from hypertension, with...
Fraudsters use customer’s mobile phone to hack Himachal co-op bank server steal Rs 11 cr
The fraudsters allegedly hacked the server through a mobile phone application of a customer, who holds an account at the bank's Hatli branch in Chamba district Shimla: Fraudsters allegedly used a customer's mobile phone to hack the Himachal Pradesh State Co-operative...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions
The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re, Amandeep Singh Grover, GM, National Insurance Company(NIC) for Oriental Insurance Company(OIC), Anjana Saxena, GM, NIC for OIC, Sanjay Lalla, GM, NIC for Agriculture Insurance Company(AIC), Mini George,...
‘Form SITs to ascertain nature’ SC cancels MoEF nod over transfer of forest land to pvt body
"We further direct the chief secretaries of all the states and the administrators of all the Union Territories to constitute special investigation teams for the purpose of examining as to whether any of the reserved forest land in the possession of the revenue...
Govt clears appointment of Patnaik and Pant as new LIC MDs, Interview for a new CEO soon
FSIB will conduct interview soon of all MDs for selecting a new MD & CEO in place of Siddarth Mohanty in June after Patnaik and Pant take over their new positions The MDs who will be appearing for the FSIB interview are-Sat Pal Bhanoo, Ramachandran Doraiswamy,...