In a move aimed at strengthening oversight of sales practices,...
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IRDAI constitutes expert panel to chart AI roadmap for insurance sector
The panel, chaired by Sandeep K. Shukla, director of IIIT...
ICICI Lombard General to act as Lloyd’s local partner in India
Under this new agreement, ICICI Lombard will issue local policies...
GST rate rationalisation boosts consumption; economy to maintain growth momentum: FinMin report
“The rationalisation of GST rates has provided a measurable boost to consumption, as reflected in the strengthening of high-frequency indicators, including higher e-way bill generation, record festive-season automobile sales, robust UPI transaction values, and a...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering, Procurement, and Construction (EPC) and Hybrid Annuity Model (HAM) projects shall be conducted together, whereas ratings for Build-Operate-Transfer (BOT) projects shall be conducted separately New Delhi: In a...
Sebi introduces new incentive structure for mutual fund distributors
Under this, asset management companies (AMCs) will pay these distributors 1 per cent of the first lump-sum investment or the first-year SIP amount, up to Rs 2,000, provided the investor stays invested for at least a year. New Delhi:, Markets regulator Sebi on Thursday...
New telecom cybersecurity rules in force, DoT clarifies enforcement status
The TCS Amendment Rules, 2025, notified in October, introduce new frameworks intended to strengthen India's cyber resilience and enhance security around telecom identifiers amid their growing use across banking, e-commerce and governance platforms The Department of...
Kerala HC issues guidelines on display of treatment rates providing aid in pvt hospitals
In order to ensure transparency, the bench directed that every clinical establishment shall prominently display, in Malayalam and English, at the reception and admission desk and on its official website the list of services offered, baseline and package rates for...
“When in doubt, choose the customer” IRDAI chief asks insurers
“Compliance cannot be a department— it must be a mind-set. And grievance redressal cannot be the end of a process— it must be our early warning system. When in doubt, choose the customer. If we do that consistently, trust will follow, growth will follow, and the...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance for ships covered by companies that are not members of the International Group (IG) to ensure that forged documents are not provided to Indian port authorities for berthing NEW DELHI: A...
New India pays Rs253.44 crore of dividend to government for FY25
Lto R-Kasturi Sengupta,executive director(ED), Girija Subramanian, CMD, Nirmala Sitharaman, Finance Minister, Smita Srivastava, ED, Shwetha Rao,director, Department of Financial Services, at the dividend handing over ceremony of New India Assurance in New Delhi on...
India likely to cross $4 trillion economy mark this fiscal: CEA Nageswaran
Chief Economic Advisor V. Anantha Nageswaran noted India is fully aware of the risks posed by climate change, including its impact on agriculture, the environment, and coastal regions New Delhi: Chief Economic Advisor V. Anantha Nageswaran said on Tuesday that India’s...
Sitharman meets trade unions for pre-budgetary consultations
The unions demanded that the government must withdraw the proposal permitting 100% FDI in the insurance sector and stop the privatisation of Life Insurance Corporation and the four PSU general insurance companies New Delhi: Finance Minister Nirmala Sitharaman has met...