The IRDAI collected prevailing premium rates as of September 3,...
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India needs $22.7 trillion investment to achieve net zero target by 2070: Niti study
Of the total, approximately USD 8 trillion must be front-loaded by...
Aviation regulator DGCA issued 352 show cause notices to airlines for violations in last 2 years
A total of 352 show cause notices were issued and out of them,...
Govt throws open CMD posts of PSU general re/insurance cos and one position of LIC MD for pvt sector professionals
The new norms now will allow eligible private sector professionals to apply for the CMD post of GIC Re, which has fallen vacant after N Ramaswamy retired on Sep 30 External Candidates applying for posts of CMDs of PSU general insurance companies should have minimum 21...
Sitharaman asks fintechs to strengthen risk management to check AI misuse
"Even as AI opens extraordinary possibilities, we must confront its darker side. The same tools that power innovation can be weaponised for deception and for fraud. I'm not personalising it, but I can say, I have seen several deepfake videos of myself being circulated...
NITI Aayog unveils roadmap on AI to empower 490 million informal workers
NITI Aayog's Mission Digital ShramSetu will harness AI, blockchain, immersive learning, and other frontier technologies to dismantle structural constraints — ranging from financial insecurity and limited market access to lack of skilling and social protection — and...
IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Rashmi Iyer, director, IBAI Nirmala Sitharaman, Union Minister, Finance & Corporate Affairs Embed suitable insurance covers with Mudra Loans,...
India to introduce RBI-backed digital currency: Piyush Goyal
"We have not been encouraging cryptocurrency, which does not have sovereign backing or which is not backed by assets, say it on the federal bank or local currency. India has also announced that we will be coming out with a digital currency, which will be backed by a...
Govt considers introducing nationwide climate-linked insurance scheme
The National Disaster Management Authority, the finance ministry and GIC Re and other top reinsurers and insurers are exploring coverage options and funding mechanisms, the official added. MUMBAI: India's government has begun early-stage talks with local insurers...
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector
Nirmala Sitharaman,Union Finance Minister M. Nagaraju, Secretary, Department of Financial Services (DFS) added that unclaimed insurance proceeds stand at over Rs 13,800 crore, unclaimed balances in mutual funds amount to about Rs 3,000 crore, and unpaid dividends...
Health industry bodies welcome CGHS’ move to revise rates after 15 years
The last package was fixed in 2014, with only a minor update in 2024. This left hospitals and patients struggling for more than a decade with a gap between actual treatment costs and prescribed package rates. New Delhi: Health industry bodies have welcomed the central...
MP and TN ban sale of Coldrif syrup after nine children die of suspected renal failure in month
Taking cognisance of the infant deaths, the Union Health Ministry on Friday issued an advisory to all States and Union Territories, directing that cough and cold medications should not be prescribed to children under the age of 2 years Chennai/Bhopal: The Tamil Nadu...
Govt issues notices to 25 offshore crypto assets cos for non-compliance of money laundering law
The government has also instructed these entities to take down their applications/websites from public access in India, the finance ministry said in a statement New Delhi: Financial Intelligence Unit-India, under the finance ministry, has issued notices to 25 offshore...