In May this year, UK-based Prudential plc announced that it would...
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Are courts precluded from granting fair, just compensation in nuclear accident: SC asks Centre
CJI Kant said there was too much apprehension and pointed out that...
SEBI chief calls for collective cyber resilience as threats grow more sophisticated
Pandey emphasised that cybersecurity is no longer merely an IT...
Allahabad HC flags ‘huge disparity’ in private hospital fees, seeks details on regulation
The bench said the issue of regulating fees charged by private hospitals and other clinical establishments needed to be addressed by the Centre and state governments, either through fresh legislation or amendments to the existing law, according to the order. Lucknow:...
Parliamentary panel rejects govt response on cyber fraud, says it fails to plug key gaps
The committee noted that under the proposed compensation framework, 65 per cent of compensation payouts would be assigned to the RBI while beneficiary banks would bear only a 10 per cent burden. According to the panel, this creates a "severe moral hazard" and does not...
Govt plans insurance reforms to rein in healthcare costs, sources say
"The idea is to benchmark treatment rates, agreed between insurers and hospitals, to reduce disputes and fraudulent claims," said one of the sources. MUMBAI: The government is weighing wide-ranging reforms of health insurance, from benchmarked treatment rates to a...
Careless AI use could create new forms of financial exclusion, instability:RBI Governor
Reserve Bank of India Governor Sanjay Malhotra said AI built on top of this digital infrastructure has the potential to significantly change financial services and improve financial inclusion, but warned that the technology also carries risks if not deployed...
Girija Subramanian takes over as member Distribution,IRDAI
Girija Subramanian, member, Distribution, IRDAI Except the post of member, Actuary, all other Member positions have now been filled.Dinesh Pant, managing director, Life Insurance Corporation, who has already been selected for the post member, Actuary , is yet to join...
FSSAI warns Diageo its whisky’s ‘matured in American oak casks’ claim was misleading
The FSSAI announced on Sunday it had prohibited sales of Diageo's Royal Challenge Whisky made in the state of Madhya Pradesh and some whisky and rum brands made in some Indian states by Diageo and India's Inbrew for using artificial flavouring, such as whisky and...
Screening test indicated result requiring confirmatory testing: Civil Aviation Ministry on Phuket-Delhi flight mishap
The Airbus A320, operating flight AI2379 from Phuket to Delhi on August 4, lost about 300 feet of altitude during cruise before stabilising and landing safely in Delhi. New Delhi:The pilot-in-command of an Air India flight that experienced a sudden loss of altitude...
Rs 8.5 lakh crore DII inflows dwarf FPI outflows in FY26: SEBI
The strong domestic participation helped push DII ownership in the NSE-listed universe to an all-time high of 17 per cent, while FPI ownership fell to a 15-year low of 15.8 per cent.In addition, mutual funds accounted for a large part of the domestic inflows,...
IRDAI should fast-track risk-based capital framework; GST on insurance needs rationalisation: Parliamentary panel
The Committee noted that the 18 per cent GST on insurance products has adversely affected affordability and insurance penetration.It "recommended that the Government examine GST rationalisation for health, term life, agricultural insurance and reinsurance products on...
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive massive sector growth in India. Liberalization, competition and regulatory changes will shape the insurance sector's development," the S&P report said. New Delhi:India's insurance sector is poised...