Account holders will now be able to operate multiple pension...
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Re-labelling medicines not mandatory, but consumers will avail GST benefits: Govt
The manufacturers/ marketing companies shall issue a revised price...
Hospitals’ body AHPI demands restoration of cashless services by Star Health
"An entity seeking authorisation to commence or carry on PA...
Gallagher appoints Sneha Gokarn as its new CEO for India
Sneha Gokarn, CEO and principal officer of Gallagher, India ``Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will be...
DGCA takes necessary steps to prevent runway incursions following Haneda airport incident
Apart from establishing a runway safety team at all aerodromes and ensuring their effective functioning, the regulator has emphasised on comprehensive training for pilots, air traffic controllers, aircraft maintenance engineers, and drivers operating inside an airport...
RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI
''With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it's important to start preparing for it,'' RBI Deputy...
RCap administrator objects Rs 118 crore special payment proposal to key team of Reliance General Insurance
`This action of yours in provisioning for the KMPs runs contrary to your representation on the solvency ratio post infusion of the additional funds, Also, we, have not granted any approval under section 197 of the Companies Act 013 for the payment of such remuneration...
MoS Health Bharati Pawar lists out measures taken to ensure quality of medicines
Bharati Pravin Pawar,Union Minister of State for Health and Family Welfare The Drugs and Cosmetics Rules, 1945, have been amended, making it mandatory that before the grant of manufacturing licence, the manufacturing establishment be inspected jointly by the Drugs...
Britain’s financial regulators need ‘ambitious mindset’, says industry leader
“At Lloyd’s, we have the capacity and expertise to evaluate and approve a new underwriting syndicate within 30 days, but the external regulators require many months more before making a decision, causing businesses to set up outside the UK,” said Carnegie-Brown,...
Regularly monitoring compliances of intermediaries with new IT rules: MoS IT
Rajeev Chandrasekhar,Minister of State for Electronics and IT “Intermediaries should take additional measures to not permit any advertisements of illegal loan and betting apps. Intermediaries have been warned that non-compliance will lead to losing exemption from...
RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh
"Considering the crucial role of non-executive directors in efficient functioning of bank boards and its various committees and in order to further enable the banks to sufficiently attract qualified competent individuals on their boards, it has been decided to revise...
Govt formulating action plan to compensate victims of cyber financial frauds
Vivek Joshi, Secretary, Department of Financial Services Also discussed was the issue of integration of Citizen Financial Cyber Fraud Reporting and Management System platform with National Cybercrime Reporting Portal with the aim to centralise the platform that will...
Par panel asks ministries to work on mechanism to check virtual accounts misuse
The panel said that while being briefed about the various modes of cyber frauds, the MHA representatives submitted that a virtual account was one such issue that fraudsters were using for committing frauds. It was further submitted that these virtual accounts were...