The proposed amendments aim to promote greater consistency,...
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SC fastens liability of paying penalty on employer for delay in depositing compensation
"The perusal of the statement of objects of the said legislation...
War risk insurance premiums for ships likely to rise amid West Asia crisis: Re/insurance brokers
Vessels of the Shipping Corporation of India (SCI) are also...
FIIs remain net investors in India this year amid robust economy, resilient market
“An important characteristic about FII investment is that they have been consistent investors of equity through the primary market. In December through 27th, FIIs invested Rs 17,331 crore through the primary market,” said V.K. Vijayakumar, Chief Investment Strategist,...
Micro insurance premium in life segment rises 24% to Rs 10,000 crore in FY24
The number of persons covered under the scheme stood at 178.39 million New Delhi/Hyderabad: The micro-insurance premiums in the life insurance sector in the country has surpassed Rs 10,000 crore for the first time in FY24, according to industry data. The number of...
Karnataka HC directs registrar to issue revised birth death certificates for transgenders
Justice Suraj Govindaraj issued these orders while resolving a petition from a 34-year-old transgender woman who had her gender reassignment surgery and sought to update her name and gender on her birth certificate. The Mangaluru City Corporation's Registrar of Births...
NGT calls for safe disposal system of used solar panels, asks govt’s reply
The matter was raised through a letter petition highlighting the environmental risks posed by discarded panels and the need for an organized system for their proper handling and management. As solar panels become increasingly popular, particularly in rural areas,...
Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report
The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
NHPC’s 2000MW Lower Subansiri project in Sikkim incurred loss of Rs 1 075.97 cr due to flash floods
The company in a regulatory filing said that the amount of damage caused by flash flood occurred on October 4, 2023 was to the tune of Rs 1,075.97 crore, which has been reported to the insurer New Delhi: State-run hydro power giant NHPC on Thursday said the flash...
Doha Insurance Group to set up reinsurance business in Gift City
Doha Insurance Group(DIG) is currently working on completing the necessary procedures and obtaining the required regulatory approvals for Gift City project from the Qatar Central Bank and the other regulatory and supervisory authorities in the Republic of India, said...
NATHEALTH urges Govt to address healthcare gaps in Budget
"The upcoming Union Budget offers an unprecedented chance to address systemic gaps such as the acute shortage of medical specialists, escalating cancer care costs, and inadequate hospital infrastructure to meet the demands of a growing population," NATHEALTH President...
NFRA penalises Deloitte Haskins & Sells LLP, finds deficiencies in BSR & Co’s Audit
The watchdog has imposed a monetary penalty of Rs 2 crore on Deloitte Haskins & Sells LLP New Delhi: The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered...
Govt asks GSI to redefine TN tungsten mine block, exclude biodiversity site
The statement came in the wake of Tamil Nadu Chief Minister M K Stalin urging Prime Minister Narendra Modi to cancel the award of tungsten mining rights in Madurai district. Stalin had asserted that the state government will not allow mining there considering aspects...