The watchdog also seeks to add more officers to its supervision...
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Govt deactivates 2.5 crore Aadhaar IDs of deceased to avoid fraud
Jitin Prasada,Union Minister of State for Electronics and...
Competition regulator orders probe into IndiGo after mass flight cancellations
More than 10.4 lakh passengers were affected by flight...
Allahabad HC seeks details after UP says 82 bridges in state ‘unsafe’
"A detailed chart regarding the location and life of the bridges shall also be placed on record so that effective monitoring of bridge safety is considered and implemented in a planned manner by the State Government," the order said Lucknow: The Lucknow bench of the...
Sebi categorises entities on size risk level basis under cybersecurity cyber resilience framework
The Capital market regulator said that entities are grouped into four categories based on size and risk level -- Qualified REs (highest risk, most obligations), Mid-size REs, small-size REs and self-certification REs (least risk, fewer obligations). New Delhi:Markets...
‘100 pc fruit juice’ claim by Dabur violates law, misleading: FSSAI to Delhi HC
The writ petition filed by Smita Singh, Assistant Director with the FSSAI dated April 22, challenged Dabur against the “100 per cent” claim stating that the juices contain water and fruit concentrates. In addition, the term “100 per cent” is also not a recognised for...
FSIB to select a new CMD for OIC on Friday
Government appoints Amit Misra as acting CMD of OIC for three months The five shortlisted senior officials who will be interviewed are-Rekha Solanki, ED, National Insurance Company, Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India...
PSU general insurance industry Unions reject govt’s 12% wage hike proposal
Unions want a 17 per cent hike to be on par with the Life Insurance Corporation(LIC) and the Indian banking industry. GIPSA management has assured the matter would be taken up again with the Department Financial Services for further consideration, according to union...
IFSC-GIFT City based insurers should develop products for tapping 32 million NRIs and Indian diaspora: IFSCA chairman
Narendra Bharindwal, president, Insurance Brokers Association of India, K. Rajaraman, Chairman, IFSCA , T Alamelu, principal advisor, IFSCA at the launch of IBAI's chapter at IFSC- GIFT City ` There is a huge retail opportunity for the IFSC-GIFT City based insurers...
SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled
A bench of Justices JB Pardiwala and R Mahadevan said the changes in digital KYC guidelines for people with disability, including blindness, and acid attack survivors are necessary as they are unable to complete the KYC process and avail facilities like opening bank...
Insurance companies plan $41 bn trade switch to bond forwards
Insurance companies are in talks with the authorities to convert about Rs 3.5 trillion ($41 billion) worth of rates derivative contracts into bond forwards, people familiar with the matter said. Such contracts offer investors the opportunity to own the securities,...
Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI
"COAI feels that the cybersecurity measures need to be reinforced with clear outlines on the purpose, which is to free the people of such unwanted spam/fraud calls and messages to the maximum extent possible. For the same purpose, it may be judicious that similar...
Climate change may lead to increased probability of defaults: RBI DG Rao
M Rajeshwar Rao,deputy governor, Reserve Bank of India "Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers," he said at Credit...