Earlier this month, the Reserve Bank of India enabled Separate...
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Regulation
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RBI-led initiative to curb digital frauds gains momentum banks roped in to set up DPIP
The proposed platform seeks to bolster fraud risk management by...
AIC launches a new cover for aquaculture industry
(L to R) Lavanya R Mundayur, CMD, Agriculture Insurance Company, M...
Gujarat govt issues guidelines for liquor law exemption rules in GIFT City
Any unit situated in GIFT City, desiring to obtain an FL-III licence shall apply to the Superintendent of Prohibition and Excise, Gandhinagar in Form "A" Gandhinagar: About a week after relaxing the liquor consumption norms for the Gujarat International Finance...
Indian health insurance industry anticipates a transformative 2024
Prasun Sikdar, MD and CEO, ManipalCigna Health Insurance The initiatives such as a unified network of hospitals and 100% health insurance claim settlement system nationwide will offer flexibility to consumers and significantly reduce the financial burden With growing...
Progressive Indian general insurance sector
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance The IRDAI initiated the journey towards adopting IFRS 17 and implementing risk-based supervision and capital frameworks. Looking ahead, significant developments are anticipated in the general insurance...
Health Insurance: Key developments poised to redefine the sector
Krishnan Ramachandran, MD & CEO at Niva Bupa In a bid to simplify health insurance for customers, IRDAI has introduced standardization guidelines, with the latest being the Customer Information Sheet (CIS). This initiative aims to demystify policy benefits and...
For large nation like India, deepfakes a problematic issue for conducting safe, fair polls: MoS IT
''We will keep an eye on the intermediaries for the 7-15 days after they come back from vacations…and if they still have not made a move, then we will basically amend the IT rules and notify amended IT rules to be as prescriptive as the advisories are,'' Union...
India to remain fastest-growing major economy in 2024
''After a couple of difficult years, the economic environment is turning more benign with inflation trending down and growth remaining robust. Most forecasts project that growth in 2024-25 would be close to but slightly lower than in 2023-24. The global slowdown and...
2023: AI becomes hashtag, goes mainstream; India sets guardrails for data privacy, user safety
India’s resolve to safeguard netizens from new kinds of user harms emerging in the digital space was clear, as the government moved decisively to craft regulations and laws. It crafted a future-ready framework that would not just protect digital personal data but also...
China revises company law to tighten capital contribution rules
PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...
Japan asks four non-life insurers to stop anti-competitive business practices
The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan Insurance, Tokio Marine & Nichido and Mitsui Sumitomo Insurance.The four had been asked to report to the regulator on whether they engaged in prior consultations with each other when preparing...
LIC wants more investment avenues, ‘in active discussion’ with RBI for access to debt data via CRILIC: Chairman
Siddhartha Mohanty,chairman,Life Insurance Corporation According to the LIC chairman, so far as investment scope for insurance companies are concerned, it is highly regulated. So, new asset class should also be allowed, like your sovereign gold bond, equity...