In order to ensure transparency, the bench directed that every...
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“When in doubt, choose the customer” IRDAI chief asks insurers
“Compliance cannot be a department— it must be a mind-set. And...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance...
Indian biz need to align cyber security budgets with growth objectives, says Kaspersky
Adrian Hia, Managing Director, APAC, Kaspersky In India, malware attacks climbed 11 per cent to 13,44,566 in 2024 against 12,13,528 a year ago, a report by SonicWall said earlier this month New Delhi: Indian businesses need to align cyber security budgets with their...
Monkeypox in Africa: Exporters keep fingers crossed
"As of now, the spread is not rampant, but looking into the infection, the exporters are definitely concerned, hoping it will not spread," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said The bilateral trade of India with Africa grew...
National Insurance aims for Rs 100-200 cr profit in FY25
T Babu Paul, executive director,National Insurance Company ``Medical treatment costs have increased by 5-20 per cent, and to bridge the cost gap, an industry-wide tariff revision is expected this year. Our average claim amount has jumped to Rs 41,000 from Rs 27,000 in...
LIC agents earn Rs 20,446/month in Andaman & Nicobar, highest in the country
LIC has 13,90,920 agents across the country. Among the larger states, Uttar Pradesh had the maximum number of LIC agents at over 1.84 lakh with an average monthly income of Rs 11,887. Maharashtra had more than 1.61 lakh LIC agents with an average monthly income of Rs...
Rs1 lakh crore disbursed for free hospital care to 7.4 crore patients under PMJAY scheme
Eligible beneficiaries can avail of cashless and paperless healthcare services related to hospitalisation across more than 29,000 empanelled hospitals in the country The top speciality care treatments availed by beneficiaries to date are general medicine, infectious...
Centre to form panel to suggest measures for healthcare professionals’ safety
The IMA has also demanded a Central Act (Central Protection Act for Doctors) protecting medical professionals from violence at workplaces. It was observed that 26 states have already passed legislation for the protection of healthcare workers in their respective...
Govt to hire 2 pvt sector professionals as JSs to manage MoF’s Cyber Security and Investment assignments
This is for the first time, the government has advertised to hire a private sector professional as a joint secretary, Digital Economy, Fin Tech and Cyber Security along with another financial sector expert, who will also join as a joint secretary, Investment, for the...
Sebi proposes to expand sustainable fin framework in securities market
In a consultation paper released on Friday, Sebi proposed that issuers, in addition to existing green debt securities, be allowed to raise funds through issuance of social bonds, sustainable bonds, and sustainability-linked bonds. These bonds will collectively be...
Identify high-value cash transactions at hotels, hospitals; pursue arrear demands: CBDT to I-T dept
Senior IT officials told that transactions over Rs 2 lakh in cash were required to be reported through a statement of financial transaction (SFT) by financial institutions but that was not happening. The department identified some of the businesses, such as hotels,...
Nagaraju Maddirala appointed as new DFS Secy
Nagaraju Maddirala, Secretary-Designate, Department of Financial Services A few issues concerning the insurance industry, Maddirala will look into, with priority, soon after taking over as the secretary are- pending reforms measures which need amendments of various...