Finance Minister Nirmala Sitharaman “When women gain financial...
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Reinsurers scrap war-risk cover after US torpedoes Iranian ship
Indian insurers and reinsurers have canceled hull coverages in...
India gets 30-day US waiver to buy Russian oil amid Iran war
"President Trump's energy agenda has resulted in oil and gas...
Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants
N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic risks involved, there is very limited reinsurance capacity available for hydro power plants. More often, catastrophic covers are sub-imited. With climate risks and rising frequency and...
Trump tariffs stoke supply chain worries for US businesses, survey shows
“Our survey showed supply chain disruptions were a concern to business owners, with 90% reporting they are concerned about the impact of tariffs on their businesses,” Chairman and CEO J. Patrick Gallagher told Reuters A majority of U.S. business owners are worried...
Monsoon Session Of Parliament From July 21 To August 12
The Insurance Amendment Bill, which proposes allowing 100 per cent foreign direct investment (FDI) in the insurance sector, is expected to be introduced in the upcoming monsoon session of Parliament New Delhi: The Monsoon session of Parliament will be held from July...
Expanding missile threats and airspace closures are straining airlines
With increasing airspace closures around Russia and Ukraine, throughout the Middle East, between India and Pakistan and in parts of Africa, airlines are left with fewer route options NEW DELHI: Proliferating conflict zones are an increasing burden on airline...
RBI considers easing bank ownership rules as foreign interest grows
Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor's stake to 15%. MUMBAI: The Indian banking regulator is signalling possible rule...
‘Next Covid pandemic far from over’: Delhi HC seeks details on sample collection
"Considering that the next Covid pandemic is far from over and in fact, active, amongst the community, today, as per news reports, the vacuum, if any, of steps taken post the meeting of May 30, 2023, is a serious issue," the judge said According to the Ministry of...
Profits earned through ethical means create wealth for nation FM
"If you lift everyone out of poverty, give them employment, give them a certain standard of living and give them access to fundamental basic necessities, as a result, they are above where they were before, and they have greater access to the country's productive...
Higher Q4 helps clock 6.5 pc GDP growth in FY25 India world’s 5th largest economy
Finance Minister Nirmala Sitharaman The size of the Indian economy rose to Rs 330.68 lakh crore or about USD 3.9 trillion from USD 3.6 trillion in the previous fiscal 2024. This makes India the world's fifth-largest economy behind the US, China, Germany and Japan....
India poised to remain fastest growing major economy in FY26: RBI
The RBI flagged global financial market volatility, geopolitical tensions, trade fragmentation, supply-chain disruptions and climate-induced uncertainties as factors posing downside risks to the growth outlook and also upside risks to the inflation outlook. Mumbai:...
Sitharaman directs PSU general insurers to adopt AI-driven claim settlement systems swiftly, safeguard profitability
Finance minister Nirmala Sitharman chaired a review meeting of six Public Sector General Insurance Companies (PSGICs) in New Delhi today The importance of robust underwriting practices and portfolio optimisation was also highlighted by the FM with instructions to...