The Parliamentary committee had observed with concern the widening...
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Govt proposes 5-yr age extension for EVs, hydrogen, CNG commercial vehicles
Under the proposed changes, the existing age limits of 12 years and...
General insurance industry grows 9% to ₹3.36 trillion in FY26: BCG reportt
The industry’s combined ratio deteriorated by two percentage points...
SHANTI Act draft rules mandate insurance cover for nuclear plant operators
According to the draft rules, the Centre has to, once every five years, constitute a group of experts to review the maximum limits of an operator's civil liability for nuclear damage. New Delhi: Nuclear plant operators need to maintain an insurance policy, financial...
Savings bank a/c holders of scheduled banks can opt for rural postal life insurance
"With immediate effect, an operative Savings Bank Account with POSB or any Scheduled Bank is now an additional eligibility criterion for Rural Postal Life Insurance (RPLI)," Minister of State for Communications Pemmasani Chandra Sekhar said on X. New Delhi: The...
Uttarakhand: 7 dead in tunnel tragedy in Chamoli; search on for 3 missing
The incident occurred in a tunnel at Mayapur (Pipalkoti), when landslides and subsidence caused debris and water to fill half of the tunnel, trapping workers inside. GOPESHWAR (UTTARAKHAND): Seven workers died when water gushed inside a tunnel under construction at a...
Q1FY 27: GIC Re net profit rises 10% to Rs1922 cr, prm soars 9% to Rs13,475 cr, Combined ratio improves 2.06% to 104.88%
``Our premium growth has came from Health, Life Re and Surety portfolios. We are committed to disciplined underwriting, particularly Fire and Engineering. Fire segment continues to witness intense competitive pressures at both the insurance and reinsurance levels,...
Air India to test all pilots for drugs after captain tests positive for marijuana
The two Tata Group-owned airlines together have more than 5,000 pilots. The comprehensive screening will cover substances and medications prohibited under prevailing aviation regulations, the airlines said in an internal communication to pilots. NEW DELHI: Air India...
Parliamentary panel rejects govt response on cyber fraud, says it fails to plug key gaps
The committee noted that under the proposed compensation framework, 65 per cent of compensation payouts would be assigned to the RBI while beneficiary banks would bear only a 10 per cent burden. According to the panel, this creates a "severe moral hazard" and does not...
Kerala partners with SAS to strengthen social welfare schemes delivery using Artificial Intelligence
The collaboration marks an important milestone in Kerala’s ongoing efforts to harness advanced analytics and artificial intelligence to drive enhanced transparency in beneficiary selection, and establishment of a safety net for disaster prevention,mitigation, and...
Govt plans insurance reforms to rein in healthcare costs, sources say
"The idea is to benchmark treatment rates, agreed between insurers and hospitals, to reduce disputes and fraudulent claims," said one of the sources. MUMBAI: The government is weighing wide-ranging reforms of health insurance, from benchmarked treatment rates to a...
Private hospital room cost must not exceed 3-star hotel room tariff in cities: Parl panel
The committee noted that households continue to face significant financial stress while accessing private healthcare, with average out-of-pocket expenditure per hospitalisation episode pegged at Rs 34,064. It also flagged medical inflation of 10-13 per cent and...
Climate change driving extreme rainfall in Himalayas, anthropogenic factors adding to risk: Govt
Minister of State for Home Affairs Nityanand Rai said assessments by weather experts, scientific institutions and state authorities indicate that climate change has increased the intensity and frequency of extreme rainfall events in the Himalayan region. New Delhi:...