Mini George, executive director, AIC, is receiving 29th Asia...
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Govt plans AI-based eKYC, global credential verification in DigiLocker
“DigiLocker serves as the trust layer connecting citizens,...
Flight operations at Delhi airport back to normal: DIAL
Delhi’s Indira Gandhi International Airport (IGIA), which has four...
Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC
A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla was hearing a petition filed by one Jaiprakash Kulkarni and Pharma Search Ayurveda Private Limited challenging an order passed by the Banking Ombudsman refusing to direct the Bank of Baroda to refund...
RCap resolution: NCLT to hear IIHL plea for deadline extension on June 20
IIHL has moved NCLT seeking a 90-day extension beyond the deadline to implement the resolution plan for acquiring Reliance Capital for a consideration of Rs 9,850 crore Mumbai: National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IndusInd...
IRDAI wants life insurers to pay Surrender Value from 1st yr, allows customers more facilities against their life insurance policies
We note that the final guidelines are somewhat more favorable than the earlier draft. Based on our preliminary calculations, surrender income could decrease by approximately 55-70%. It's too early to quantify the impact on the Value of New Business (VNB) margin, as...
Fizzling monsoon could prolong heatwave in north, says IMD
"The monsoon has slowed down after reaching Maharashtra and may take a week to regain momentum," an official of the India Meteorological Department (IMD) told Reuters New Delhi: India's monsoon rains have lost momentum after covering western regions ahead of schedule,...
Govt to ensure ease of living for all citizens: FM Sitharaman
Nirmala Sitharaman, Union Finance Minister She also stated that the reforms undertaken since 2014 will continue, which will further provide macroeconomic stability and growth for India. She also highlighted India's commendable growth story in recent years amidst...
Parametric Play: Insurance helps 46,000 Indian women avoid deadly work during heat waves
As soon as temperatures breached 43.6C in Ahmedabad, Makwana and thousands of other women were told that ICICI Lombard, an insurance company, would pay them a portion of their daily wages. The Self-Employed Women’s Association labour union runs the insurance...
WHO confirms human case of bird flu in India, 2nd case since 2019
While the H9N2 virus typically tends to cause mild illness, the United Nations agency said that further sporadic human cases could occur as this virus is one of the most prevalent avian influenza viruses circulating in poultry in different regions New Delhi: The World...
India fastest growing economy to clock 6.7 pc growth over 3 years World Bank
"India will remain the fastest-growing of the world's largest economies, although its pace of expansion is expected to moderate. After a high growth rate in FY2023/24, steady growth of 6.7 per cent per year, on average, is projected for the three fiscal years...
GI Council to develop a tech platform auto-generating jobs seamlessly to surveyors for retail claims: IRDAI
The system should be developed in such a manner that whenever a claim is reported by the customer and registered by the insurer, the assignment of surveyor should happen automatically on a random basis by the new digital platform. The system will also seamlessly...
No retail general insurance claims can be rejected for want of documents, have to be settled within 7 days of survey report: IRDAI
The insurer has to decide on the claim within seven days of receipt of the survey report. This condition will not apply in case of policies issued on the property/building on reinstatement value basis. Any delay in settlement of the claims beyond the above stipulated...