In the second phase, the banks are required to clear cheques within...
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Centre to protect entire Aravallis; no mining leases; protected zone to be expanded
This prohibition applies uniformly across the entire Aravalli...
Centre clears entry for new airlines, 3 players receive NOCs: Civil Aviation Minister
The Minister said the government is encouraging more airlines to...
States, UTs urged to link ABHA IDs with health portals: Health Secretary
As per the Ayushman Bharat Digital Mission (ABDM) dashboard, total ABHA IDs created in the country as on April 3, 2024 is 5,894.60 lakhs, Health Secretary Apurva Chandra said Under the ABDM, citizens can create their ABHA numbers, to which their digital health records...
Over 500 relocated to safety as sinking land threatens homes in Ramban, J-K
A total of 100 households were affected as 58 houses got completely damaged due to the land subsidence, the official said, adding that so far 500 people have been evacuated and provided shelter at safer places. Jammu: More than 500 people have been relocated to safer...
Kusal Roy to become CEO of Jio Finance
Kushal Roy,Standard Chartered Plc’s India country manager Jio Financial, the holding company of Jio Finance also plans to launch a mutual fund and an insurance business in addition to a payments business. It has applied to the Reserve Bank of India to convert to a...
IRDAI slaps a Rs 20 lakh fine against Edelweiss Tokio Life Insurance for violating shareholding norms
In an order signed by two members, BC Patnaik, Life and RK Sinha, Finance and Investment , the regulator has alleged that the insurer has carried out changes in the shareholding pattern of the joint venture, without its prior approval and also the company has not...
RCap lenders urge Hinduja Group arm to resolve IRDAI’s concerns early
According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
Cholamandalam General Insurance reports a PBT of Rs 444 crore in FY 24
V. Suryanarayanan, MD&CEO, Cholamandalam General Insurance The insurer has recorded a gross written premium of Rs 7,598 crore for the financial year ending March 31, 2024.The company said due to the impact of natural calamities like Cyclone 'Biparjoy', 'Michaung'...
Indian economy remains in bright spot: Ministry of Finance
"While a record Rabi crop will help in moderating cereal prices, the increasing occurrence of weather shocks poses an upside risk to food prices. Geopolitical tensions and their effect on oil prices add to this risk. However, Kharif crop prospects look bright at this...
FIU notifies fresh money laundering, terror financing reporting alerts for insurance and capital market players
A working group, that included insurance regulator IRDAI, went into issues related to the insurance sector during 2022-23 fiscal and the revised guidelines laid "special stress" for generating alerts in cases of frauds experienced by the insurance firms and analyse...
Centre wants electronic component makers to ensure nation’s security interests: IT Secy
S Krishnan,Secretary,Ministry of Electronics and Information Technology "With this space (cyber security) getting critical, national risks are also huge. It is not at the individual level but even at the national level, the cyber security risks are huge. What we...
SBI General reports a 30.4% rise in net profit at Rs 240 crore in FY 24
Kishore Kumar Poludasu,MD and CEO,SBI General Insurance "The retail business led by Motor and Health have shown strong growth. SBI General Insurance continues to be No. 1 in the Personal Accident segment in the private market, along with its strong presence in various...