In its Financial Stability Report, the central bank has cautioned...
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Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part...
Surgeon in Shanghai remotely operates on 2 patients at Mumbai hospital
The surgeries, a radical prostatectomy and a partial nephrectomy,...
Modified scheme to provide cashless treatment for road accident victims nationwide: Gadkari
"The broad contours of the pilot programme are -- victims entitled to cashless treatment up to a maximum of Rs 1.5 lakh per accident per person for a maximum period of 7 days from date of the accident," Nitin Gadkari said while addressing a press conference. The...
General Insurance industry premium degrows a bit in Dec
In the first nine months(Apr-Dec) of FY 23-24, the industry has grown by 7.83 per cent year on year(y-o-y) to Rs 2.30.181crore Mumbai: Post segregation of long- term business from monthly premium figures, the general insurance industry has slowed down a bit in...
India economy to grow 6.4 pc in 2024-25, slowest in 4 years: Govt data
India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data . New Delhi: The Indian economy is estimated to grow at 6.4 per...
HMPV Centre asks states to increase surveillance for respiratory diseases
During the meeting, it was reiterated that the data from IDSP does not indicate any unusual rise in influenza-like illness (ILI) and severe acute respiratory illnesses (SARI) cases anywhere in the country.This is also corroborated by the ICMR sentinel surveillance...
Sensex tumbles 1,258 points over HMPV fears, global uncertainties, Investors’ wealth tumbled Rs 10.98 lakh crore
"The Indian equity markets are witnessing a sharp decline today, with both Nifty and Bank Nifty slipping below their 200-day moving averages (DMA). The sell-off can be attributed to a rise in Foreign Institutional Investors (FIIs) selling and concerns surrounding the...
FIU-IND signs MoU with Irdai for enhanced coordination, information exchange
(L to R) Satyajit Tripathy, Member (distribution), Irdai and Vivek Aggarwal, Director, FIU-IND and signed an MoU in New Delhi for sharing of intelligence and information to check money laundering The MoU was signed as part of continued coordinated efforts in effective...
5 cases of Human Metapneumovirus (HMPV) detected in 3 states
The ICMR emphasized that despite the detection of these 5 cases, there has been no significant increase in Influenza-Like Illness (ILI) or Severe Acute Respiratory Illness (SARI) cases in the country. New Delhi: The Indian Council of Medical Research (ICMR) has...
GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium
``We are closely monitoring the evolving market dynamics and are taking all steps necessary to protect GIC Re’s interests. These measures would include enhanced risk assessment, collaboration with insurers and also prudent capacity allocation.’’ N Ramaswamy, CMD, GIC...
Tighter anti-spam norms in a mth; TRAI pilot soon to onboard past user consents onto digital system
TRAI is in the process of operationalising system of separate 160 series for service or transactional calls by principal entities (say banks, insurance companies or other service providers) to differentiate them from promotional calls. Currently, both types of calls...
Odisha CM declares unseasonal rain as natural calamity to provide relief to farmers
“Unseasonal rain was not on the list of natural calamities in the state. However, keeping in view the crop damage and plight of farmers, our government today declares the unseasonal rain as a natural calamity in the state to facilitate the disbursement of compensation...