"Under the share purchase agreement, the qualified parties have...
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All India Insurance Employees’ Association joins UFBU in opposing sale of profitable IDBI Bank to Fairfax
Several major banks have successfully combined their banking...
IRDAI to ensure smooth transition to new commission rules, may launch Public Insurance Registry in Jan 28: Seth
Ajay Seth,chairman , IRDAI "The idea is to allow for an orderly...
Merchant Discount Rate on UPI transactions deferred, no new date announced
"UPI and Services Steering Committee today decided that, keeping in mind the festive season, Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions shall be implemented immediately post Diwali on a date to be notified separately," NPCI said...
UP: Over 2 lakh motor accident claims pending; training programme held for insurance officials
Dr Manu Kalia, member secretary, Uttar Pradesh State Legal Services Authority said more than two lakh cases are pending before motor accident claims tribunals across Uttar Pradesh. The figure does not include appeals and special leave petitions. Since insurance...
SC seeks wider drug price regulation, questions high markups on medicines, medical devices
The bench, stressed the need to examine whether existing pricing mechanisms adequately protected patients from excessive markups, particularly where large differences existed between procurement prices and MRPs. New Delhi: The Supreme Court on Monday called for a...
Centre asks States/UTs to ensure prominent display of healthcare service rates at clinical establishments
Union Health Secretary Punya Salila Srivastava Union Health Secretary Punya Salila Srivastava, in a letter to the chief Secretaries of all states and UTs, has called for a review of compliance with applicable regulatory provisions and appropriate measures to ensure...
SC directs centre and state govts to link accident, vehicle, insurance databases within 4 weeks
The Supreme Court directed the Centre and states to complete the integration "within four weeks from today positively" and file compliance reports, along with details sought in its previous orders, through affidavits.The directions came as the top court examined...
Govt appoints IAS officer Tamboli Fakirbhai from Cabinet Secreteriate as IRDAI executive director
Tamboli Ayyaj Fakirbhai, IAS, executive director, IRDAI Fakirbhai’s appointment is expected to further strengthen the regulator’s executive structure as it undertakes a major overhaul of insurance regulations to push higher FDI, larger number of players and achieving...
Set up panel to examine ‘unethical’ pharma marketing practices: SC to Govt
The bench said the committee would make its recommendations to the Centre regarding appropriate regulatory and/or statutory framework for effectively regulating pharmaceutical marketing practices, keeping in view the need for transparency, accountability and effective...
Consultation paper on AI regulations in a month; safety, deepfakes key focus areas: Vaishnaw
Ashwini Vaishnaw, Union IT Minister The minister made it clear that the industry must shoulder the bulk of the responsibility. ‘The industry has to take the primary responsibility,” he said, listing out issues such as cybersecurity, safety, user harm, psychological...
Distribution reforms to generate employment, make new players’ entry easier: IRDAI Member
Girija Subramanian,member, Distribution, IRDAI The effective dates under consideration for implementing the new reforms are Jan. 1 and April 1, said Girija Subramanian,member, Distribution, the Insurance Regulatory and Development Authority of India(IRDAI)....
Keralam to bring law guaranteeing care for senior citizens in next Assembly session: CM
V D Satheesan,Chief Minister, Keralam "We are preparing legislation to provide a legal guarantee to senior citizens that they will be protected and that somebody will be there to take care of them," Satheesan said, ahead of the commencement of the Assembly session on...