Pandey emphasised that cybersecurity is no longer merely an IT...
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E20 alone not responsible for mileage changes; driving, maintenance also key factors: Govt
The government's latest clarification comes amid continuing...
Allahabad HC flags ‘huge disparity’ in private hospital fees, seeks details on regulation
The bench said the issue of regulating fees charged by private...
Households in India, other Asia-Pacific regions highly vulnerable to El Nino-driven price shocks: S&P
S&P said South and Southeast Asia are among the more vulnerable regions globally to El Nino. Lower rainfall associated with the climate phenomenon will raise food prices and disrupt water-intensive industries. New Delhi:Asia-Pacific economies, like India, Vietnam,...
UPI stays free for users, vast majority of transactions to remain free for merchants as well: Govt
Justifying marginal charges the government has said with exponential transaction volumes through UPI, the system requires significant and continuous upgrades in cybersecurity, fraud prevention, and infrastructure. It is also necessary to increase competition by...
Amit Shah stresses cybersecurity, announces 24/7 cyber surveillance for urban cooperative banks
"There is an increase in digital transaction frauds. The forensic science support is crucial for banking safety and collaboration with the National Forensic Science University (NFSU) is very crucial," Union Home and Cooperation Minister Amit Shah said while addressing...
Life insurers’ new business premium rises 21% in July, retail growth remains mixed
According to provisional data from the Life Insurance Council's Detailed New Business Performance of Life Insurers for the Period ended Jul-26, group single-premium collections rose sharply to Rs 27,857.01 crore in July from Rs 21,280.53 crore a year earlier, an...
Rs 8.5 lakh crore DII inflows dwarf FPI outflows in FY26: SEBI
The strong domestic participation helped push DII ownership in the NSE-listed universe to an all-time high of 17 per cent, while FPI ownership fell to a 15-year low of 15.8 per cent.In addition, mutual funds accounted for a large part of the domestic inflows,...
IRDAI should fast-track risk-based capital framework; GST on insurance needs rationalisation: Parliamentary panel
The Committee noted that the 18 per cent GST on insurance products has adversely affected affordability and insurance penetration.It "recommended that the Government examine GST rationalisation for health, term life, agricultural insurance and reinsurance products on...
FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security
Nirmala Sitharaman,Finance Minister The government is likely to allow a levy of 0.25 per cent to 0.4 per cent as merchant discount rate (MDR) or charges on UPI payments above Rs 2,000 made to businesses, while keeping payments made by one person to another outside the...
LIC reports 23% jump in its net profit to Rs 13,492 crore in Q1FY27
R Doraiswamy, CEO & MD, LIC, said,“The numbers are good this quarter, but if you look at the growth in premium or APE, it is not as high as what you would have expected.What gives us more happiness is that our VNB has grown by 61 per cent plus and our VNB margin...
Govt kept investment bankers in dark on LIC’s unusually fast $3.3 billion OFS deal
Officials in the state divestment department kept the launch date a secret to prevent traders from taking positions ahead of the sale and pushing the stock lower before the government could sell its shares, according to people familiar with the matter. Even the banks...
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive massive sector growth in India. Liberalization, competition and regulatory changes will shape the insurance sector's development," the S&P report said. New Delhi:India's insurance sector is poised...