To improve the efficiency of cheque clearing and reduce settlement...
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AI’s Ahmedabad Disaster: Crash victim’s son moves US Federal Court against Boeing
"We have hired Mike Andrews. We expect the raw details of...
Govt finalising legislation to protect power systems from cyber attacks: MoS Shripad Naik
These regulations will ensure that the control and operation of...
OIC CMD RR Singh to head GIPSA after Gupta
RR Singh, CMD, Oriental Insurance Company GIPSA earlier had four public sector general insurance companies, New India Assurance Company, United India Insurance Company, Oriental Insurance Company and NIC but recently the government has decided to add two new members-...
Total Asset Under Management (AUM) under NPS reaches Rs 10 lakh crore
For corporates, it was Rs 1,35,218, for all citizen model the AUM was Rs 47,663, for NPS Lite it was Rs 5,157 and for Atal Pension Scheme the AUM was Rs 30,051 New Delhi: The number of subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY)...
Sebi to curb finfluencers to help investors get accurate, unbiased info
In the case of other financial advice, finfluencers must have appropriate credentials, such as a license from the Insurance Regulatory and Development Authority of India (IRDAI), chartered accountancy (CA), or a company secretaryship. Adherence to disclosure is a...
Tech veteran Venkat Changavalli takes over as new CEO of IIBI
Venkat Changavalli, new CEO, Insurance Information Bureau of India According to industry sources, Venkat's appointment is temporary and IRDAI would soon start a new search processes to appoint a new CEO at IIBI Among a host of actionable areas, IIBI has recently set...
Biometric authentication at discharge for Ayushman Bharat patients stressed at AIIMS meeting
The issue of cost disparity between estimates provided by the treating doctors and the approved PMJAY health benefit package was discussed New Delhi: The need for mandatory biometric authentication at the time of patients' discharge was stressed at a recently held...
Rajasthan govt committed to ensuring minimum loss, maximum relief for people during disasters: Gehlot
Department of Agriculture and Horticulture Secretary Prithviraj said that insurance claims worth around Rs 3,000 crore have been distributed to 31.54 lakh policyholders in 2022-23 under the crop insurance scheme. The remaining amount of about Rs 700 crore will be paid...
Obligation of IRDAI to ensure persons with disability not unduly prejudiced: HC
The Insurance Regulatory and Development Authority of India (IRDAI) being the sector regulator would also have an obligation to ensure that Rights of Persons with Disabilities (PwDs) are not unduly prejudiced and give suitable directions to insurance companies after...
“Initiatives taken to make UPI system available on feature phones”: RBI Governor Shaktikanta Das
“We have encouraged digital payment but the main challenge on the UPI is that it usually needs a smartphone but in our country, a large number of people are using feature phones. We have launched some products to make feature phones to operate the UPI system as well....
Curious share transfer case involving Axis Bank, Max Financial referred to RBI, SEBI: IRDAI
Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules Chennai:...
Reliance Capital resolution plan all set to clear its final hurdle today
According to sources, based on this SC order, the NCLT is likely to follow the same path and dismiss Torrent’s plea. Prior to NCLT, Torrent Investment had approached SC and filed a plea seeking to restrain NCLT from considering IIHL's resolution plan, but in a setback...