On September 22, while entertaining the plea of the NGO, the top...
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Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to...
ED conducts raids in Jharkhand Ayushman Bharat ‘fraud’ case, MD India, Safeway, Medi Assist under scanner
The ED, agency sources said, suspects that "proceeds of crime" were generated through systematic "fraud" within the Ayushman Bharat scheme through "manipulation" of hospital empanelment and processing of "fake" claims facilitated by a "nexus" demanding commissions and...
SC says no to plea for barring kids below 13 from using social media
A bench of Justices B R Gavai and Augustine George Masih, however, granted a liberty to the petitioner to make a representation to the authority concerned New Delhi: The Supreme Court on Friday refused to examine a plea seeking to prohibit children below 13 from using...
Govt appoints IRDAI’s Randip Jagpal and EPFO’s Sanjay Pandey as Members of PFRDA
Earlier in the week, the government appointed Deputy CAG S Ramann as Chairperson of PFRDA for a five-year term New Delhi: The government, on Thursday, has appointed Randip Singh Jagpal, executive director at IRDAI, and Sanjay Pandey, financial adviser and chief...
Narendra Bharindwal appointed as president of IBAI
Narendra Kumar Bharindwal, President, Insurance Brokers Association of India Led by US based Marsh, the largest re/insurance broker in the world, Indian re/insurance brokers manage almost over Rs50,000 crore of premiums annually. Over 95 per cent of premium is managed...
Rising input costs to meet safety norms, consumer demand force carmakers to hike prices
According to industry players, safety requirements like 3-point ELR seat belt and reinforcement of rear seats for luggage retention have added to the cost of passenger vehicles in India. New Delhi: Rising input costs to meet mandatory safety requirements as well as...
Equity market volatility may persist long-term outlook remains constructive: Experts
"India seems better positioned relative to most Asian equities following the tariff announcements," said Hong Kong-based Alex Wolf, who heads Asia investment strategy at J.P. Morgan Private Bank New Delhi: The heightened global uncertainty due to the US sweeping...
No fee to be charged for updation of nominees for PPF accounts: FM
"The Banking Amendment Bill 2025, passed recently, allows nomination up to 4 persons for payment of depositors' money, articles kept in safe custody and safety lockers," said Finance Minister Nirmala Sitharaman New Delhi: Finance Minister Finance Minister Nirmala...
New India celebrates `Bima Jagruti Mahotsava’ in Gujarat
Furthering its commitment to financial inclusion, NIA has opened a dedicated State Insurance Plan office in Gujarat, manned by a senior executive of the company. This initiative aligns with IRDAI’s “Insurance for All by 2047” vision, with Gujarat being the designated...
Govt forms high powered panel to revamp pricing and reinsurance mechanisms for PMFBY
The committee will be chaired by additional secretary (Crop Insurance), Department of Agriculture & Farmers Welfare (DA&FW) and some of the other members are Devesh Srivastava, former CMD, GIC Re, Girija Subramanian, CMD, New India Assurance, Saurabh Mishra,...
S Ramann appointed as chairman of PFRDA for 5 yrs
Sivasubramanian Ramann, chairman-designate, PFRDA Ramann belongs to 1991 batch of Indian Audit & Accounts Service (IA & AS) and was also Chairman & Managing Director, Small Industries Development Bank of India (SIDBI) earlier. New Delhi: The government on...