A bench of Justices Vikram Nath and Sandeep Mehta agreed to hear...
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LIC board approves 1:1 bonus issuance,Govt plans an OFS of corporation
In a regulatory filing, the bonus issue will be done by...
Govt drops any merger plans among PSU general insurers
Though, the government had not announced any specific plans for the...
India’s Population Dilemma:South states want more kids
Chandrababu Naidu — chief minister of the Indian state of Andhra Pradesh says that he is concerned that his state’s total fertility rate, the average number of children born to a woman over her lifetime, has fallen to 1.5 — about the same as in several European...
Govt weighs options to shield airlines from West Asia crisis
Indian airlines' operational costs are spiralling due to surging oil prices and airspace curbs in the wake of West Asia turmoil, involving the US, Israel and Iran, which began on February 28. New Delhi:The civil aviation ministry is exploring multiple options to...
Telangana passes financial security Bill for senior citizens
The Bill mandates that public representatives, government employees, and private employees care for their elderly parents. Failure to comply will result in a deduction of 15 per cent of the salary or Rs 10,000, whichever is lower, payable to the parents. Hyderabad:...
Near-term outlook remains uncertain with external shocks posing downside risks to growth:Finmin
The geopolitical developments have introduced a complex and multi-layered set of risks for India, given its position as a major energy importer with strong trade, investment, and remittance linkages with the West Asia region, the Monthly Economic Review for March...
Legal heirs can claim reimbursement if govt employee dies during treatment: Allahabad HC
The court rejected this argument of the state government, stating that the provisions of Rule 16 of the Rules, 2011, were arbitrary and violated Article 14 of the Constitution. The court held that if a beneficiary dies or becomes incapable of making a claim, his or...
Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers
M Nagaraju, secretary, Department of Financial Services Till date eighteen such meetings have been conducted and 360 grievances have been reviewed. The objective of such an exercise is to assess the efficacy of grievance resolution through a 'dip-stick survey' at the...
Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers
OIC poised to introduce forward-looking solutions like Sarvatra Suraksha Parametric Insurance Policy, Nil Depreciation Comprehensive Policies, including long-term variants and Surety Bond Insurance, aligning with evolving risk landscapes and national priorities. New...
Investors’ wealth slumps Rs 8.86 lakh cr amid geopolitical chaos, surging oil prices
"Investor sentiment remained fragile due to a lack of clarity surrounding geopolitical tensions between the US and Iran, which once again pushed crude oil prices above the USD 100 mark. In addition, persistent FII (Foreign Institutional Investors) outflows and sharp...
Iran woking on a draft bill to impose a fee on vessels seeking safe passage through Strait of Hormuz
According to the semi-official Fars, the plan would be finalised next week, and would legally recognize Iran’s oversight of Hormuz, a vital conduit which connects some of the world’s largest oil and gas producers in the Persian Gulf with the wider world. The Iranian...
Lagos State goes live with Parametric Flood Insurance policy, Protecting up to 4 million people
The parametric flood-risk product was designed by a team of Insurance Development Forum(IDF)member insurance organizations in partnership with the Lagos State Government, including AXA Climate, AXA Mansard in Nigeria, Swiss Re, flood modeler JBA Risk Management,...