The measure for Indian insurers is an “enabler” that will help draw...
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Lok Sabha passes SHANTI Bill to modernise, open up nuclear energy sector for private participation
The Bill introduces an elaborate framework on duties and...
SEBI announces major market reforms; slashes mutual fund and brokerage costs
A major reform announced by the Board relates to mutual fund...
Centre issues guidelines to states, UTs on preventing hospital fires during summer months
As temperatures escalate during the summer months, hospital fires become a significant threat, the advisory said New Delhi: With temperatures rising, the Centre on Saturday directed states and Union territories to ensure that all hospitals within their jurisdiction...
UP plans law for insurance of passengers in vertical transport
“One good thing that we have also provided in the draft is compulsory third-party insurance of passengers who will be entitled to monetary compensation in the event of any harm they suffer on account of a lift accident. Insurance coverage will be provided by the owner...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...
V Jagannathan’s new health insurance venture `Galaxy Health’ receives IRDAI nod
V. Jagannathan Galaxy Health and Allied Insurance Company is a joint venture between V Jagannathan's family, who had earlier the founded Star Health Company and TVS group. Former Star Health CEO Dr S Prakash has also joined the new venture as a CEO. Hyderabad: Galaxy...
Girija S selected as CMD of New India, BS Rahul for UII
Girija Subramanian, CMD,Agriculture Insurance Company This is also for the first time that a serving CMD of a PSU entity again participated in the selection exercise meant to choose a CMD of another PSU insurer New Delhi: The Financial Services Institutions...
India’s fertility rate down from 6.2 to under 2 since 1950, will fall to 1.3 in 2050: Lancet study
Poonam Muttreja, Executive Director of Population Foundation of India (PFI), a non-profit organisation promoting gender sensitive population and health policymaking, said the findings have "profound implications" for India and includes challenges such as an aging...
India stares at summer water crisis as reservoir levels slide
In other industrial states such as Maharashtra, Andhra Pradesh and agricultural states Uttar Pradesh and Punjab levels are below their 10-year averages. Longer term, there is a risk of water wars if governments do not act now, said Sandeep Anirudhan, convener of the...
India’s Reliance refusing Sovcomflot oil shipments after sanctions, sources say
India's crude imports from Russian may decline as the number of vessels would be reduced and that could jack up freight costs India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper...
SC stays Centre’s notification setting up PIB’s Fact Check Unit
"We are of the view that notification dated March 20, 2024, after rejection of application of interim relief, needs to be stayed. The challenge to the validity of 3(1)(b)(5) involves serious constitutional question and the impact of the rule on free speech and...
PB Fintech to set up payment aggregator subsidiary
The subsidiary called ‘PB Pay Private Limited’ would carry on the business of payment aggregator’ domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance...