M Nagaraju,Secretary,Financial Services Nagaraju expressed...
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Denmark-US rift triggers NATO deployment of forces in Greenland
“For us, ideas that would not respect territorial integrity of the...
SC reserves judgement on father’s plea seeking passive euthanasia for son in coma for over 12 years
Passive euthanasia is the intentional act of letting a patient die...
Spike in Used Car Purchases: Transferring policies
“An untransferred insurance policy puts both the buyer and seller at risk. When making a claim, mismatched ownership details can effectively render the insurance void, as if there were no coverage at all.” – Mallikarjun Mallannavar, Chief Claims Officer at Royal...
Govt appoints merchant bankers legal firms for managing stake sales in LIC, PSBs other fin institutions
"As far as LIC is concerned, we have completed the RFP process. The process for appointment of merchant bankers and legal advisors has been completed," DIPAM) Secretary Arunish Chawla said The government needs to offload another 6.5 per cent stake in the public sector...
Nearly 6.6 lakh new PM Jan Dhan Yojana accounts opened in 1 month
A staggering 55.44 crore Jan Dhan accounts have been opened in India, 56 per cent of which belong to women, and the total amount in these deposits has surpassed Rs 2.5 lakh crore as of May 21 this year. New Delhi: Nearly 6.6 lakh new PM Jan Dhan Yojana accounts were...
4 tankers with Russian oil idle off India as refiners seek steer
This week, the Trump administration cited the purchases as a reason to hit India with hefty import tariffs and also threatened more unspecified penalties for taking the oil. New Delhi has since asked refiners to devise and share plans on sourcing crude from elsewhere...
Odisha announces launch of financial tech capability hub
Over the next five years, more than 7,000 students from every district of Odisha will gain “futuristic and job-ready skills in AI, blockchain, InsurTech and digital finance”, an official release said. Bhubaneswar: The Odisha government on Thursday announced the launch...
India aviation watchdog finds 263 lapses at Indian airlines in annual audit
DGCA found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a government report seen by Reuters. NEW DELHI: India's aviation regulator said on...
Indian state refiners pause Russian oil purchases, sources say
The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. NEW...
Government’s anti-fraud initiative shows remarkable success, 97% reduction in spoofed calls
Jyotiraditya Scindia,Union Minister for Communications The portal's CEIR facility allows users to report lost or stolen handsets for immediate blocking and tracing across all telecom operator networks. This ensures that stolen devices cannot be misused anywhere in...
No Insurance Amendment Bill in Parliament’s Monsoon session
M Nagaraju, Secretary, Department of Financial Services ``The Bill is not in the agenda of the current session of the Parliament,’’ confirmed M Nagaraju, secretary, Department of Financial Services(DFS) Mumbai: It is now official. The much awaited `Insurance...
Govt tasks PSU general insurers to ramp up Property portfolio and customer services
(L to R)-Girija Subramaninan, CMD, New India Assurance(NIA), Krishna S Vatsa, member, National Disaster Management Authority and Parshant K Goyal, joint secretary, Department of Financial Services. at NIA's 107th foundation day celebration ``For protecting...