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IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala...
India to introduce RBI-backed digital currency: Piyush Goyal
"We have not been encouraging cryptocurrency, which does not have...
Govt announces simplified norms for seaplane operations
The government plans to set up water aerodromes at 18 places spread across Andaman & Nicobar, Lakshadweep, Goa, Assam, Andhra Pradesh and Himachal Pradesh New Delhi: The civil aviation ministry on Thursday announced simplified regulations for seaplane operations,...
India economic momentum remains intact, set to achieve 6.5-7 pc growth: Finmin Report
"Inflation is moderating, and exports of both goods and services are doing better than they did last year. Stock markets are holding on to their levels. Foreign direct investment is looking up as gross inflows are rising," it said New Delhi: India's economic momentum...
IRDAI, insurers and IIM-Kozhikode organise 3-day strategic meet in Mumbai from today
Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance...
India to spend $300 million to mitigate floods, conserve water in big cities
S. Vatsa, one of the three members of the National Disaster Management Authority, said of the Rs 2500 crore ($298 million), Mumbai, Chennai and Kolkata would each receive Rs 500 crore, while Ahmedabad, Hyderabad, Bengaluru and Pune will get 250 billion rupees each. No...
SC forms panel to mull over safety of medical professionals
“We are deeply concerned that there is a virtual absence of safe work conditions across the country, particularly in public hospitals. Most of the young doctors have to put in 36 hours of work.'' The 10-member task force headed by Vice Admiral Arti Sarin has been...
Government, Banks, regulators and security agencies need to collaborate to check cyber security for banking industry
L to R- Vivek Joshi, secretary, Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and M. Nagaraju, secretary-designate, DFS. at at a meeting in New Delhi to review the performance of public sector Banks (PSBs) The...
UK insurers ask for new rules to develop captive market
UK is missing out on a market that’s estimated to reach $161 billion globally by 2030, the letter said. The US, France and Italy have all introduced regimes to bring captives onshore according to a letter written to Chancellor Rachel Reeves by senior figures in the UK...
FinMin should identify high risk taxpayers in GST composition scheme: CAG
"The Ministry should identify high risk taxpayers in the CLS on a periodical basis using a risk-based approach and verify their declared value of outward supply from other sources including third parties to minimize the possibility of misuse by ineligible persons,"...
Celebrating Longevity: Caring the silver generation
As life expectancy in India reaches an impressive average of 72 years, the need for specialized care and tailored lifestyle options has never been more pressing Amit Bhandari, Chief Technical Officer at Magma HDI General Insurance As we celebrate Senior Citizens Day,...
Singapore mending regulations to stay globally competitive: PM Wong
Lawrence Wong ,Prime Minister, Singapore Prime Minister Lawrence Wong said easing the regulatory burden and cutting the cost of doing business was part of his government’s efforts to nurture and grow the spirit of innovation and enterprise in Singapore Singapore:...