Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO,...
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IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws
A significant data leak from Star Health Insurance was reported in...
Former finance secy Ajay Seth appointed as new IRDAI chairman for 3 yrs
Ajay Seth, Chairman-designate, IRDAI Seth, a 1987-batch Indian...
Indian regulators seek to crack down on potential fraud in financial sector
While Indian banks have boosted spending on technology to detect potential money laundering and prevent fraud, the cases are rising. The number of reported frauds of more than 100,000 rupees ($1,205) rose 68 per cent to more than 14,000 from April to September last...
IRDAI considers mandating Cross Boarder Reinsurers to furnish large collaterals for accessing Indian business
`The CBRs have been getting significant amount of premiums from India and their share in the Indian reinsurance market is increasing. It is now felt necessary to ring-fence the interests of Indian insurers to maintain their ability to meet obligations towards...
EU opens formal investigation into TikTok over possible online content breaches
The European Union's Digital Services Act (DSA), which applies to all online platforms since Feb. 17, requires in particular very large online platforms and search engines to do more to tackle illegal online content and risks to public security The European Union will...
Crackdown on deepfakes: MCA, Meta partner to curb AI-generated misinformation with WhatsApp helpline
People will be able to flag deepfakes by sending it to the WhatsApp chatbot which will offer multilingual support in English and three regional languages (Hindi, Tamil, Telugu) New Delhi: The Misinformation Combat Alliance (MCA) and Meta have announced that a...
Star Health gets GST notice of Rs 170 cr on reinsurance deals
Star Health and Allied Insurance Company said that it has received a tax demand order for Rs 170 crore, along with a penalty of Rs 8.7 crore on non-payment of GST liability on the re-insurance commission received by the company during the period April 2018 to March...
RBI action on Paytm Payments Bank has drawn fintechs’ attention to compliance of laws: Chandrasekhar
"I think it has drawn the attention of fintech entrepreneurs, to the fact that you also have to know how to comply with the law. Regulatory compliance is not an optional thing for any country in the world, certainly not in India, and it is something that they...
CDSCO issues sampling guidelines to ensuring quality and efficacy of drugs cosmetics
This guidelines will be useful for effective surveillance for quality and efficacy of drugs and cosmetics available in the market by adopting uniform drug sampling methodology for drug inspectors under drug regulatory authorities of state and central governments, the...
Marriages between NRIs/OCIs, Indian citizens must be registered: Law panel
In its report, the panel observed: “The rising occurrence of fraudulent marriages involving NRIs marrying Indian partners is a worrisome trend. Several reports highlight an increasing pattern where these marriages turn out to be deceptive, putting Indian spouses,...
South Africa’s President will sign health insurance bill into law for providing universal health coverage
South Africa’s President Cyril Ramaphosa The law aims to provide healthcare to millions of poorer citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule South...
‘Hidden hazards’: Delhi’s fall from glory to ‘ticking time bomb’
Rule 33 of the Delhi Fire Service Regulations mandates to obtain a Fire NOC prior to operating a factory within any building, however, the factory, which claimed lives on Thursday, running in the narrow lanes did not even have any permission. Sources in the Fire...