Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala...
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SEBI chief warns investors on fraudsters offering guaranteed returns
Tuhin Kanta Pandey, Chairman,SEBI "Our survey reveals that an...
Govt considers introducing nationwide climate-linked insurance scheme
The National Disaster Management Authority, the finance ministry...
Disclosure or disclaimer must for celebrities, influencers endorsing as health experts: Govt
''Celebrities, influencers and virtual influencers presenting themselves as health experts or medical practitioners, when sharing information, promoting products or services or making any health-related claims, must provide clear disclaimers, ensuring the audience...
IRDAI launches impact study on Risk Based Capital framework
This study holds paramount significance, as it provides the opportunity to comprehensively evaluate the potential impact on the capital and overall solvency of the insurers This framework would serve as a pivotal mechanism which would enable insurers to maintain an...
Axis Bank to infuse Rs. 1,612 crore in Max Life, Stake to go up to 19.02%
Max Life Insurance new business margin (NBM) expanded to 22.2% in Q1FY24, improved 110 bps over corresponding previous quarter mainly driven by change in product mix Value of New Business (VNB) grew by 16% to Rs. 247 Crore in Q1FY24 New Delhi: After the approval of...
RBI holds rates steady but eyes food price spike; signals tighter policy
Shaktikanta Das,Governor,Reserve Bank of India "Liquidity plays a major role with regards to inflation – both in pushing up inflation and controlling inflation," RBI Governor Shaktikanta Das said, explaining the decision."While inflation has moderated, the job is...
Govt doubles down on safeguarding Indians from rising cyber crimes: MoS IT
Rajeev Chandrasekhar,Minister of State for Electronics and IT “On being notified by the customer, the bank shall credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer’s account within 10 working days from the date of...
ICICI Lombard Gen gets Rs 273 cr GST demand notice
The company has already deposited an amount of Rs 104 crore as GST under protest, without accepting any liability in this regard and would be filing its response against the notice within the prescribed timelines New Delhi: ICICI Lombard General Insurance has become...
No proposal under consideration to change retirement age of central govt employees: Jitendra Singh
"Female government servant and single male govt servants appointed to the civil services and posts in connection with affairs of the Union, are eligible for child care leave (CCL) under Rule 43-C of the Central Civil Services (Leave) Rules, 1972 for a maximum period...
Life insurance industry’s premium declines 30% to Rs 27,867 crore in July
Life insurance behemoth Life Insurance Corporation has seen a slow down in its premium accretion in the month of July. The corporation’s total premium has declined by 47 per cent y-o-y to Rs 15386.57 in the month of July Mumbai: Despite bullish performance by the...
Show cause notices issued to 143 pharma firms after inspections
Union Health Minister Mansukh Mandaviya said that the Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce and Industry issued a notification on May 22 for amendment in export policy of cough syrups, making it compulsory for cough syrup...
Govt says crop insurance claims worth Rs 2,761.10 cr pending under PMFBY till 2021-22
Narendra Singh Tomar, Union Agriculture Minister Out of the pendency of claims, the maximum was in Rajasthan (Rs 1,387.34 crore), followed by Maharashtra (Rs 336.22 crore), Gujarat (Rs 258.87 crore), Karnataka (Rs 132.25 crore) and Jharkhand (Rs 128.24 crore), the...