To facilitate the entry of new players from overseas to cater to...
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Mandatory appointment letters, fixed work hours, social security benefits among key changes in new labour Codes
The Ministry of Labour & Employment has also taken steps to...
“Insurers could be mandated to meet annual disability coverage targets monitored through digital dashboards”Sr Govt official
“IRDAI's role, along with the Ministry of Health and Family Welfare...
Bima Vistaar: IRDAI unveils premium for its mass combo cover at Rs 1500, for a family at Rs 2420
Debasish Panda, chairman,IRDAI Bima Vistaar will have a combined features of Life, Health, Personal accident and Property. For Life cover a premium of Rs 820 has to be paid while Health, Personal accident, Property have been priced at Rs 500, Rs 100 and Rs 80...
RBI plans curbs on suspect bank accounts to fight cyber frauds
The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day Tens of thousands of Indians...
Sanofi to pay over $100 million to settle about 4,000 Zantac cancer lawsuits
But the relatively modest settlement should please Sanofi investors, who’ve worried in the past about the financial fallout of thousands of US lawsuits targeting Zantac makers such as Sanofi and GSK Plc, which originally developed the product Zantac was recalled in...
Extreme weather may pose risk to inflation, says RBI Bulletin
Supply shocks play a significant role in shaping inflation dynamics, with first and second-round effects exerting distinct but interconnected influences on prices and economic activity. The first-round effects typically manifest as immediate changes in the prices of...
India’s Spice Board tells Everest, MDH to give details of quality checks
Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore has also ordered a recall of the Everest spice mix and advised against its consumption New Delhi: India's spice exports regulator has asked MDH and...
Bima Manthan: Panda to address 2-day summit of industry CEOs on Thursday in Hyderabad
Debasish Panda, chairman, IRDAI Narendra Modi led NDA government has identified insurance reforms, like composite license, 100 per cent FDI and allowing Captive insurance, high on its first 100-days agenda if it returns to power. The IRDAI has to prepare industry's...
Indian insurance ecosystem shows limited appetite for pure risk policy: JM Financial
In the last three years, while individual savings and investments in fixed deposits or equities markets vary with market conditions, the investment in insurance products remained constant at 18 per cent of individual financing funds. Insurance has consistently...
Health Insurance: IRDAI bans hike in premium for an individual policy holder due to higher claims
In another major decision, the IRDAI's new regulations have clarified that after completion of sixty continuous months of coverage (including portability and migration) in health insurance policy, no policy and claim can be contestable by the insurer on grounds of...
Health ministry asks states, UTs to act strictly against hospitals involved in illegal transplant
''It should be ensured that a unique NOTTO-ID for both donor and recipient is generated by the hospital from NOTTO website (www.notto.mohfw.gov.in), in all cases of organ transplant, whether from a living donor or deceased donor,'' the letter said New Delhi: The Union...
FPIs withdraw over Rs 5,200 crore in April so far from domestic equities
The major trigger for FPI selling was the tweak in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments made in India via the island nation, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research...