A bench of Justices JB Pardiwala and R Mahadevan said the changes...
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U.S. insurers face higher loss costs and market risks from trade war: Fitch
Property casualty (PC) insurers face cost inflation in personal...
Climate change may lead to increased probability of defaults: RBI DG Rao
M Rajeshwar Rao,deputy governor, Reserve Bank of India "Climate...
Govt expands scope of money laundering law to cover firm’s representatives
The government, in a gazette notification dated May 9, has expanded the scope of the law to include all individuals helping in the formation of a company, including those acting as a director, secretary or proxy nominee director New Delhi: The Indian government has...
EU plans tough ‘value for money’ rules for investment products – draft document
The draft law calls on EU securities watchdog ESMA and its counterpart for the insurance sector, EIOPA, to come up with benchmarks industry would have to use to show that the cost of a product is justified and proportionate Banks, insurers and asset managers in the...
SC Seeks Centre’s Response On PIL For Welfare Of Persons Suffering Autism Spectrum Disorder
The present petition is being filed in the public interest to formulate guidelines and/or standard process under the Right of Persons with Disabilities Act, 2016 for the inclusion of the persons affected by ASD, the NGO stated New Delhi: The Supreme Court Monday...
FSDC pitches for special drive for settlement of unclaimed deposits and insurance benefits: FM
Finance Minister Nirmala Sitharaman Economic Affairs Secretary Ajay Seth it was deliberated that regulators should conduct a special drive to facilitate the settlement of unclaimed deposits and claims in the financial sector across all segments, such as banking...
Odisha govt sanctions financial aid of Rs 10 lakh for each patient suffering from Duchenne Muscular Dystrophy
After the due procedure, the Collector of the concerned district would sanction the assistance of Rs 10 lakhs from the Chief Minister's relief fund (CMRF), which would be credited to the bank account of the living patients Bhubaneswar: Extending financial support to...
Poor diligence while granting driving licences is costing lives on Maha roads, say experts
''With each passing day, we hear of horrific road crashes that claim the lives of innocent people. The process of issuing driving licenses needs to be improved to be able to critically assess the safe driving skills of applicants. This will ensure only skilled drivers...
RBI sounds note of caution on OPS, says it may add to liabilities in future
By postponing the current expenses to the future, the report said states risk the accumulation of unfunded pension liabilities in the coming years The governments of Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jharkhand have informed the Centre about their...
Govt brings CA, CS, accountants carrying financial transactions of clients under money laundering law
As per the changes notified in the the Prevention of Money-laundering Act (PMLA), such professionals will be liable to ascertain the correct financial status and ownership details of their clients before dealing with them New Delhi: The government on Thursday has...
India at vanguard of digital revolution, its financial inclusion journey can be example for others: UN officials
A “robust and citizen-centric digital public infrastructure plays a major role in achieving multiple national goals, which include financial inclusion, social security, health insurance, digital transactions and easy access to credit while providing the building...
Govt amends power policy draft to halt new coal-fired capacity: Reports
India, whose proposed coal power capacity is the highest after China, had repeatedly refused to set a timeline to phase out coal, citing low per-capita emissions, surging renewable energy capacity and demand for inexpensive fuel sources India and China account for...