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RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
The RBI mandated banks to refund the entire sum where mis‑selling...
Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC
The top court was hearing an appeal filed by kin of a man who died in a road accident in 2015.When it came to determining the age, the top court accepted the contention of the claimant-appellants before it and upheld the judgment of the Motor Accident Claims Tribunal...
Nothing stops pvt sector from coming and doing business In India: Nirmala Sitharaman
Nirmala Sitharaman,Union Finance Minister When asked about prospects for private sector engagement, particularly in banking and insurance, Sitharaman responded, "Nothing stops them from coming and doing business. There are actually many private banks already in India,...
Negligence only if doctor lacks qualification or expertise in treatment: SC
"A medical professional may be held liable for negligence only when he is not possessed with the requisite qualification or skill or when he fails to exercise reasonable skill which he possesses in giving the treatment," the bench said New Delhi: The Supreme Court on...
Siddaramaiah launches ‘Gruha Arogya’ initiative
Siddaramaiah,Chief Minister,Karnataka This scheme, a flagship program of the Department of Health and Family Welfare for the control and management of non-communicable diseases seeks to reach underprivileged sections and ensure timely detection of diseases, officials...
Centre launches 21st Livestock Census at Rs 200 cr cost data to help Govt frame right policies
Union Minister Rajiv Ranjan Singh, who is Minister of Fisheries, Animal Husbandry, and Dairying, also launched a USD 25 million 'Pandemic Fund Project' to strengthen animal health security in India for pandemic preparedness and response New Delhi: Union Minister Rajiv...
Data leak:Telegram says it can’t police all chatbots for Star Health
The Madras High Court in the southern state of Tamil Nadu has asked insurer Star Health to help Telegram identify data leaked via its messaging app so the chatbots can be deleted Chennai: The messaging platform Telegram on Friday told an Indian court it cannot monitor...
Severe cyclone ‘Dana’ begins landfall process on Odisha coast: IMD
However, there was no report of any major damage or casualty so far even as the landfall process started more than an hour ago, the official said Bhubaneswar: The landfall process of severe cyclonic storm 'Dana' began on Odisha coast on Thursday night and was expected...
FSIB selects 5 EDs for PSU general insurance cos
Ayyappan Chakravarty Seshadri, general manager, New India Assurance(NIA) has been kept as a standby candidate for the ED post at Agriculture Insurance Company(AIC) in case Lavanya Mundayur, who has already been recommended for the post CMD of the company(AIC),...
Ambani’s Jio Financial in talks with Allianz SE to set up insurance JVs in India
Mukesh Ambani, chairman, Reliance Industries Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business. Setting up insurance operations...
Allianz to exit 2 insurance JVs with Bajaj Group
Market sources pointed out Allianz plans to exit Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co. because its Indian partner isn’t allowing the German insurer to raise its stakes at a discounted price which was agreed upon at the time of...