According to the Finance Ministry, the committee is established as...
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Composite salary account package for Central govt employees to be unveiled on Wed
The initiative offers Central Government employees a unified...
“Increase profitable biz,maintain market share and strengthen retail portfolios”DFS Secy to PSU insurers
Nagaraju also stressed that high priority should be given to the...
No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre
Pankaj Chaudhary, Minister of State of Finance Pankaj Chaudhary, Minister of State of Finance, said in the Rajya Sabha that "there is no recommendation of levying GST on UPI transactions of over Rs 2.000 from the GST Council”. New Delhi: The government has reiterated...
Insurance brokers should maintain high governance standards and business ethics: IRDAI member
Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO, Reliance General Insurance,Satyajit Tripathy, member, Distribution, IRDAI , Naveen Chandra Jha, MD & CEO, SBI General Insurance, Abhilash Sridharan, Partner, McKinsey & Company at a panel...
ICMR study found Covid vaccination didn’t raise risk of unexplained sudden deaths among young adults, Nadda
J P Nadda,Union Health Minister It has also been revealed that Covid vaccination does not appear to increase the risk, whereas, the role of underlying health issues, genetic predisposition and risky lifestyle choices does play a role in unexplained sudden deaths,...
IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws
A significant data leak from Star Health Insurance was reported in Aug, 2024, affecting approximately 3.1 crore customer records. The data, including mobile numbers, PAN details, addresses, and medical information, was allegedly accessible through a website created by...
SBI Life’s net profit rises 14% to Rs594 crore in Q1 FY 25
SBI Life's Value of New Business (VoNB) stands at Rs.1,088 crores with a growth of 12% during the reporting period. The company's VoNB Margin was at 27.4% in Q1FY 25 Mumbai: SBI Life Insurance, the largest private sector life insurer in the country, has recorded a...
Former finance secy Ajay Seth appointed as new IRDAI chairman for 3 yrs
Ajay Seth, Chairman-designate, IRDAI Seth, a 1987-batch Indian Administrative Service(IAS) officer from the Karnataka cadre, retired in June end New Delhi: Finally, Ajay Seth, 60, former Finance Secretary, Ministry of Finance, has been appointed as the new chairman of...
Angel one forms Rs 400 crore life insurance JV with Singapore’s Livwell
Wilf Blackburn, ex-regional CEO of Prudential Asia, is proposed to chair the proposed venture, while Nikhil Verma, former deputy CEO of Aviva Vietnam, is proposed to lead as CEO Mumbai: Domestic brokerage Angel One on Wednesday announced a plan to partner Singapore's...
Irdai proposes internal ombudsman for insurers to address claims up to Rs 50 lakh
"Applicable to all insurers (except reinsurers) with more than three years of operations, the framework mandates the appointment of an internal insurance ombudsman to address complaints involving claims up to Rs 50 lakh," it said. New Delhi: Irdai on Wednesday...
FM expands footprint in India with new innovative centre in Bengaluru and sales office in Mumbai
Complementing the Bengaluru expansion, FM will also open a new sales office in Mumbai later this year. The Mumbai office will help the company strengthen its presence in the country’s financial capital, bringing it closer to key clients and decision-makers Bengaluru:...
Indian cities need $2.4 trillion for climate infrastructure by 2050, World Bank says
The number of Indians living in cities is projected to nearly double to 951 million by 2050 from 480 million in 2020. But erratic rainfall, heatwaves, and rising sea levels are leaving urban areas in the world's most populous nation increasingly vulnerable, the bank...