“Higher input costs associated with an increase in energy prices...
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West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf
Maritime war risk insurance premiums have surged as much as 1,000%...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health...
Mandatory appointment letters, fixed work hours, social security benefits among key changes in new labour Codes
The Ministry of Labour & Employment has also taken steps to develop a national database to enroll unorganized workers including migrants. It will help migrant workers get jobs, map their skills and provide other social security benefits. This will ensure...
Govt to table Bill to hike FDI in insurance sector to 100% in Winter session of Parliament
A bill seeking to open up the civil nuclear sector for private players, which will have implications for the industry, is among the 10 new proposed legislations listed by the government for introduction in the winter session of Parliament, beginning December 1. New...
“Insurers could be mandated to meet annual disability coverage targets monitored through digital dashboards”Sr Govt official
“IRDAI's role, along with the Ministry of Health and Family Welfare and the Department of Empowerment of Persons with Disabilities, needs to be very strongly converged and coordinated because this is not a single ministry's game. Insurers could be mandated to meet...
Probe agencies can’t freeze bank accounts involved in cyber fraud transactions:HC
A probe agency can put the disputed amount on lien, but cannot freeze the entire account, said a bench of Justices Anil Pansare and Raj Wakode at Nagpur in a judgment passed on Thursday Mumbai: In a significant ruling, the Bombay High Court has held that probe...
SC constitutes high-level panel to deal with contamination of rivers in Rajasthan
Referring to several verdicts of the apex court in environmental matters, the bench said these decisions leave no room for ambiguity that where environmental degradation threatens life, health and ecological balance, the state must act with urgency, competence and...
FSSAI asks states to remove fruit-based beverages other drinks being sold under ORS brand from mkts
Last month, the Food Safety and Standards Authority of India (FSSAI) had directed all food business operators to immediately stop using the word 'ORS' (Oral Rehydration Solution) in their labelling and advertisements, calling such practices misleading to consumers New...
Worforce Reforms: 4 new labour codes implemented for welfare of workers in India
Under Code on Social Security, 2020 all workers including gig & platform workers to get social security coverage. "All workers will get PF, ESIC, insurance, and other social security benefits," the ministry said New Delhi:In a landmark overhaul of labour laws, the...
Systemic leakages of Rs 10 000 cr annually in insurance sector eroding trust: Report
To address this, the report outlined a three-pillar framework of prevention, detection, and deterrence, underpinned by the enablers of standardisation, technology, and data interoperability NEW DELHI: Systemic leakages due to fraud, waste, and abuse (FWA) of...
8 officials selected for Insurance Ombudsmen
Those who have been selected by a government appointed panel are- Mukhmeet Singh for New Delhi, Rajiv Talwar for Noida, Rachna Khare, Pune, Pranai Prabhakar, for Ahmedabad, Sanjai Singh, for Lucknow, Manju Bagga, for Kolkata, Rashmi Ranjan Singh for Bhubaneswar,...
Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions
The European Union - a big market for Reliance - has imposed wide-ranging sanctions targeting Russia's energy revenues, including measures that restrict the import and sale of fuels produced from Russian crude oil New Delhi: Reliance Industries Ltd on Thursday said it...