Nirmala Sitharaman,Finance Minister "I propose setting up a 'High...
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GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %
Hitesh Joshi, acting CMD, GIC Re. said,```Our strategy is focused...
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences
Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s...
Commerce min plans to expand food testing infrastructure to boost exports Official
"Though we have taken a number of measures, we are doing a deeper analysis commodity and area-wise. We are trying to find out gaps in our food testing infrastructure. We hope that the study will be over in 2-3 months and after that we will come up with a full plan of...
FinMin asks banks, insurance firms to expedite public grievances resolution
M Nagaraju, Secretary, Department of Financial services At the outset, the Secretary reiterated the Prime Minister's direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should review...
Govt extends PMFSBY and RWBCIC till FY25-26, sets up Rs 824.77 crore technology fund for crop claim settlement
Prime Minister Narendra Modi For large scale technology infusion in implementation of the scheme leading to increasing transparency and claim calculation and settlement, the Union Cabinet has also approved creation of Fund for Innovation and Technology (FIAT) with a...
Sebi issues clarification on cybersecurity norms, offers compliance extensions
The framework is designed to ensure that Sebi-regulated entities (REs) maintain robust cybersecurity posture, remain equipped with adequate cyber resiliency measures and can withstand, respond to, and recover from cyber threats, effectively New Delhi: Sebi on Tuesday...
Ex-cop, PSU staffer among 5 men handed jail term in 2003 bogus insurance claims case
During investigation, it was revealed that public servants entered into a criminal conspiracy and colluded with private persons and sanctioned insurance claims based on forged documents, thus causing loss to the New India Assurance, said the agency Ahmedabad: A...
Wayanad landslide declared as ‘disaster of severe nature’
``Keeping in view the intensity and magnitude of the Meppadi landslide disaster in Wayanad district, it has been considered by the Inter-Ministerial Central Team as a disaster of severe nature for all practical purposes," a communication to the Kerala government from...
Fadnavis asks transport department to use AI for road safety measures
Maharashtra Chief Minister Devendra Fadnavis directed the state transport department to enforce policies for scrapping all vehicles above 15 years of age. The Maharashtra government has signed an agreement with Google, to increase the use of AI to strengthen the...
SBI Life picks up 10 pc stake in Bima Sugam India Federation for Rs 6.6 cr
Bima Sugam India Federation, an unlisted company, incorporated on June 18, 2024, aims to create and operate a centralised marketplace of insurance products and services. It is currently in the process of mobilising over Rs 200 crore of capital from both life and...
Airlines to mandatorily share int’l passenger data with customs from Apr 1
Details ranging from mobile number, and payment mode to travel itinerary need to be shared with the authorities 24 hours before the departure of an international flight New Delhi: Airlines will have to mandatorily share details of foreign travellers with the Indian...
Prospects of economy expected to improve in 2025: RBI Governor
"We continue to secure and anchor public trust and confidence to support India’s aspirational goals. We remain committed to developing a modern financial system that is customer-centric, technologically leveraged and financially inclusive," the new RBI Governor Sanjay...