M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
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Govt notifies wage revision for PSU general insurance industry
The overall hike in wage bill will be 12.41 per cent with an...
AIIA signs MoU with GI Council to launch cashless ayurveda treatment across 32 insurance companies
The primary benefit of this MoU is the establishment of a cashless...
Govt hikes fitness test fee for over 20-year-old motor vehicles
The Ministry of Road Transport & Highways (MoRTH), in a latest notification issued on November 11, has said the higher fee slabs now begin from 10 years for commercial vehicles instead of 15 years, bringing more vehicles under the updated cost brackets. New...
Cyber attacks,Economic Slow down,Business Interruption ranked as top Indian business risks: Aon
“As cyber attacks and data privacy risks continue to rise, both in frequency and impact, Indian organisations must not only strengthen their resilience but adapt quickly to these accelerated challenges'' Rishi Mehra, CEO of India, for Aon Mumbai: Indian firms ranked...
TRAI orders mandatory adoption of 1600-series numbers by banks and insurance firms
The matter of mandating last date for adoption of 1600 series by the entities in the insurance sector is under discussion with IRDAI, and will be notified subsequently, the official statement said. The structured and time-bound adoption of the 1600-series is expected...
SBI chief pitches for national financial grid to check frauds
Speaking at the CII Financing Summit in Mumbai , SBI Chairman CS Setty said that the sector participants have come together to form the Indian Digital Payment Intelligence Corporation, a not-for-profit entity, which is a shared digital infrastructure to offer...
UIDAI mulling to issue Aadhaar with photo, QR code to discourage offline verification
UIDAI CEO Bhuvnesh Kumar said that the authority is considering introducing a new rule in December to discourage offline verification by entities such as hotels, event organisers, etc, and enhance the age verification process using Aadhaar while maintaining the...
Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy
“We need to look at it…how do we secure the future of those who earn a little more also, but have a secure future and not depend on the children in the time of old age,”Department of Financial Services Secretary M Nagaraju Mumbai: The country needs to relook at the Rs...
TRAI mandates pre‑tagging of variables in SMS content templates to curb fraud
Evidence from multiple Unsolicited Commercial Communications (UCC) investigations showed that the absence of predefined tagging has been routinely exploited for fraudulent and phishing activities. Absence of predefined tagging allowed unregistered or malicious URLs,...
Cloudflare outage hits X and several digital platforms globally, including India
Cloudflare confirmed in its initial update that it was “aware of, and investigating an issue which potentially impacts multiple customers”, though it did not share a cause or a timeline for a fix. New Delhi: A worldwide outage at the network of cybersecurity firm...
AIIMS,airport, public projects worth Rs20, 000 cr saved from demolition as SC recalls verdict on environmental clearances
With this recall, these projects now have a chance to be regularized under the now-revived 2017 notification and 2021 office memorandum, pending a final decision on their validity by the Supreme Court. New Delhi: The Supreme Court verdict, recalling its May 16...
Unethical practices of pharma firms: People should have proper remedy, says SC
The plea filed by 'Federation of Medical and Sales Representatives Association of India' and others sought a direction that till an effective law was enacted as prayed, the top court may lay down the guidelines to control and regulate unethical marketing practices by...