Piyush Goyal ,Union Commerce Minister Minister Goyal emphasised to...
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100 days of Modi 3.0: Health cover to all above 70 years, 75K new medical seats
Narendra Modi,Prime Minister The move rolled out under Ayushman...
Lloyd’s of London plans overhaul of ‘unclear’ conduct rules
Lloyd’s also said it proposed a new category of misconduct aimed at...
Bank of England fires warning shot to insurers over capital, Libor
The BoE and the Financial Conduct Authority have written to the chief executives of insurers and banks, asking them to spell out their preparations for effectively ditching the use of Libor by the end of 2021.The BoE wants insurers to reference its overnight rate SONIA in contracts and balance sheet assessments after banks were fined billions of pounds for trying to rig Libor.
Lloyd’s of London seeks behavior crackdown with culture Survey
The move is the latest part of the 331-year-old insurance exchange’s response to the scandal, after Bloomberg’s report found an atmosphere of near-persistent harassment ranging from inappropriate comments to unwanted touching to sexual assault. Lloyd’s has already said it will set up an independent whistleblower hotline and give potential lifetime bans for inappropriate behavior.
Alphabet’s wing is first commercial Drone Unit certified as Airline
“It’s an exciting moment for us to have earned the FAA’s approval to actually run a business with our technology,” Wing Chief Executive Officer James Ryan Burgess said in an interview. He called it “pivotal” both for his company and the drone industry in general.
Govt extends deadline for linking PAN with Aadhaar till Sept 30
“Notwithstanding the last date of intimating/linking of Aadhaar Number with PAN being September 30, 2019, it is also made clear that w.e.f. April 1, 2019, it is mandatory to quote and link Aadhaar number while filing the return of income,” it added.
U.S weighs bids for putting Automated Vehicles on roads
he agency also disclosed that Softbank-backed driverless delivery startup Nuro had also petitioned to deploy a limited number of low-speed, highly automated delivery vehicles intended to be operated without any human occupants. For example Nuro, which partnered with Kroger last year to deliver groceries, seeks approval not to include a windshield in the vehicle.
Ex-SC Judge Justice PC Ghose set to be first Lokpal
His name was finalised and recommended by the Selection Committee comprising of Prime Minister Narendra Modi, Chief Justice Ranjan Gogoi, Lok Sabha Speaker Sumitra Mahajan, eminent jurist Mukul Rohatgi.
Govt to soon start selection process for new PFRDA chairman
Contactor is the first Chairman to head the regulatory body. He had joined PFRDA on October 7, 2014.As per the Act, the chairman will have a tenure of 5 years or till age of 65 years, whichever is earlier.
Govt sets up a high level panel under IRDAI chairman to overhaul Indian insurance sector
The panel which has been constituted by the Prime Minister Economic Council(PMEC) to bring about sweeping changes in the Indian insurance sector including examining the lacunae in the existing various acts governing the insurance industry and has been given time frame of six months to prepare the report
Aadhaar can be used voluntarily as ID proof, President signs ordinance
It bans storing of core biometric information as well as Aadhaar number by service providers in cases of individuals who have voluntarily offered the national ID as a means of authentication. The ordinance gives effect to the changes in the Aadhaar Act such as giving a child an option to exit from the biometric ID programme on attaining 18 years of age.
The amendments make it clear that anyone not offering Aadhaar cannot be denied any service, be it opening of a bank account or obtaining a mobile phone SIM card.
Govt allows one more pension option for left over employees of PSU insurance cos
“Government approves one more pension option for left over employees of public sector insurance companies who joined on or before 28 June, 1995. It would benefit 42,720 employees including 10,720 senior citizens,’’ Jaitley tweeted on Saturday.