India's climate finance taxonomy will facilitate greater resource...
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Banks tighten cyber security network to ward off any threat
"We have strengthened the cyber security mechanism… we have created...
Over 200 flights cancelled 18 airports temporarily closed for operations
Sources said that at least 18 airports in the northern and western...
Aviva raises its stakes to 74% in Indian JV
Aviva is the third foreign player to hike its stake in an Indian insurance JV New Delhi: UK major Aviva plc announced that it has acquired an additional 25 per cent stake from Dabur Invest Corp. in its joint venture in India, Aviva Life Insurance Company India Limited...
Regulations for offline payment aggregators to be at par with online peers, says RBI
RBI, Governor Shaktikanta Das said there will be ''convergence on standards of data collection and storage'' after the move, meaning that such companies will not be able to store details like those of credit and debit cards of a customer Mumbai: Regulations for...
RBI raises key policy rate by 50 bps to rein in inflation, slashes growth target to 7.2% from 7%
RBI retained the inflation projection at 6.7 percent for the current fiscal while slashing the real GDP growth estimate to 7 percent from the earlier forecast of 7.2 percent for FY'23. India's annual retail inflation rate accelerated to 7% in August, driven by a surge...
Govt pushes back six car airbags rule by a year to Oct 2023
Mandating six airbags is part of a renewed push by the road transport ministry to improve safety after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a recent car crash NEW DELHI: The government will require all passenger cars to have a...
Indian Insurance industry to reach $ 200Bn by FY ’27 : IRDAI Chief
Debasish Panda, chairman, IRDAI “Customer experience, cost of distribution and product innovation are the top three areas of disruption for insurance companies. Thereby, the sector transformation has resulted in the introduction of innovative and tech-first products...
Rajasthan govt approves Rs 500 crore budget for payment of medical facilities to employees
The main objective of the RGHS scheme is to provide cashless medical treatment to government employees and pensioners. The cost of the treatment is borne by the state government, according to officials Jaipur: The Rajasthan government has approved an additional budget...
Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3
Senior Citizen Savings scheme will earn 20 basis points more to 7.6 per cent from the existing rate of 7.4 per cent during the October-December period, a finance ministry notification said New Delhi: The government on Thursday raised rates on some small savings...
Sebi rolls out framework for credit rating agencies, applicable from Jan’23
While assigning such credit ratings, CRAs will have to conduct independent due diligence on the nature of specified support consideration and form a definitive internal view and, wherever warranted, obtain an independent external legal opinion for ascertaining the...
Maha industrial unit blast: Cops register accidental death case; minister stresses on safety training of workforce
Three workers were killed and eight others received severe burns on Wednesday afternoon when a hydrogen gas cylinder exploded and triggered fire in an electrical equipment manufacturing company located in Chandarpada area of Vasai town In addition to the compensation...
At Rs 1,000 per claim, National Insurance plans to hire Internal Ombudsman
The Internal Ombudsman is required to strengthen the grievance redressal mechanism and reduce the complaints to Insurance Ombudsman and pre-empt litigation in judicial and quasi-judicial forums Chennai: In an attempt to reduce claims litigation costs, individual...