AHPI has proceeded with its unilateral action, signalling a...
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“Initial payouts not sufficient,” claims Mike Andrews, US lawyer for Air India 171 crash victims
Asked about initial payments being offered by Air India to the...
New IRDAI chief Seth to meet insurance CEOs on Sept 17
Ajay Seth, chairman, IRDAI Though, basically it will be a welcome...
IRDA hosts 2-day international event on “Insurance and Retirement savings in Asia”
Some of the prominent speakers at the international conference include Debasish Panda, chiarman, IRDAI, Prof Yoshihiro Kawai, chair of the OECD Insurance and Private Pensions Committee, Pablo Antolin, head, insurance and Pensions Unit, Directorate for Financial and...
Market value of LIC investment in Adani stocks hits Rs 44,670 cr
The country's largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed Mumbai: Market value of investments made by...
Irdai to hold open house for insurtech, fintech on 15th of every month
"It is expected that the solutions/ideas would help in increasing the insurance penetration in the country," the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the insurtech...
India’s GDP crossed $3.5 trillion in 2022:Moody’s
If implemented effectively, measures undertaken over the last few years – including those introduced during the pandemic to increase the flexibility of labour laws, raise agricultural sector efficiency, expand investment in infrastructure, incentivize manufacturing...
Kangra Cooperative Bank’s account with RBI loses Rs 7.79 crore in cyber fraud case
The fraud took place in three separate transactions on as many consecutive days, the first being on April 19, 2023 Since the bank is financially supervised by the RBI and the current account which has been subjected to fraud is also with the regulator itself, the...
SBI General launches Surety Bonds, to provide protection against breach of terms and conditions by the contractors
Anand Pejawar, whole-time director, SBI General Insurance Anand Pejawar, whole-time director, SBI General Insurance said, "We are confident that this product will serve as an effective tool for the infrastructure sector. Surety bonds offer financial security, risk...
India makes tests mandatory for cough syrup export after overseas deaths
Indian-made cough syrups were linked to the deaths of 70 children in Gambia and 19 in Uzbekistan last year, denting the image of India's $41 billion pharmaceutical industry. India was considering a change to its pharmaceutical industry policy, including increased...
Odisha to provide free crop insurance to farmers for 3 years
''The Cooperation Department would bear the premium of the insurance from the 2023 Kharif season to the 2025-26 Rabi season. Odisha is the first state in the country to provide free crop insurance to farmers,'' he said Bhubaneswar: The Odisha government on Monday...
Vaping ban violations: Centre issues public notice for stricter implementation of Act
Binoy Mathew, Manager, Voluntary Health Association of India, said, "Despite a ban on electronic cigarettes by the government of India in 2019, they are easily available in tobacco shops and online and are sold to children below 18 years of age". New DelhI: With...
RBI may extend Sept 30 deadline for exchanging Rs 2000 currency notes, ID and form not needed to exchange
On why there was a deadline for exchanging these notes when they are going to continue as legal tender, Shaktikant Das, governor, RBI said that unless a particular time is stipulated, the process won't reach finality as people won't take it seriously. Otherwise it...