Antonio Guterres,secretary general of the United Nations “We are...
Category:
Regulation
Latest
FSSAI starts penal action against Amazon, Swiggy, BigBasket, others
In a social media post, the Food Safety and Standards Authority of...
EU to require data centres to disclose energy and water efficiency
To attempt to incentivise companies to build more energy- and...
Thai watchdog sues Volvo cars unit
Next week Thailand’s Office of the Consumer Protection Board will send the first case, which is seeking 1.2 million baht ($36,750) in damages Thailand’s consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair...
LIC in talks with regulators to facilitate long-term instruments to match growing liabilities: CEO
R Doraiswamy,CEO and MD, LIC . Asked if LIC is prepared for further dilution of stake by the Centre, Doraiswamy said, "We have been prepared right from day one. When we started preparing for the IPO, we were prepared for this kind of subsequent actions as well. So the...
Ind AS to boost transparency, governance and capital efficiency in insurance sector: Ajay Seth
Ajay Seth, chairman, IRDAI Seth encouraged insurers to actively leverage the Joint Expert Group on Ind AS, comprising representatives from IRDAI, ICAI, IAI, NFRA and SEBI, as a platform for seeking guidance and resolving implementation-related issues during the...
RBI keeps repo rate unchanged at 5.25%,lowers GDP forecast to 6.6 %, raises inflation to 5.1% for FY27
Sanjay Malhotra, Governor,Reserve Bank of India "The central bank's rate panel noted that the global environment has deteriorated," RBI Governor Sanjay Malhotra said. The central bank's rate panel felt it was "prudent" to wait until greater clarity emerges, he...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner
Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd's promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress on Thursday...
Insurance market in India likely to grow at 10.7 pc annually over next decade: Allianz Report
Despite ranking among the world's ten largest insurance markets, India remains significantly underinsured, with insurance penetration of 3.8 per cent of GDP, a report by Allianz said, adding that with only about 46 per cent of the working-age population effectively...
Telangana bans cash wages, brings gig workers under new regulations
While providing historic safety nets for labour, the new government order (GO) offers strategic advantages to corporate management and industry.The GO eliminates the "fragmented, friction-heavy industries-wise frameworks seen in other states" and implements a unified,...
DFS launches Common Landing Portal for unclaimed financial assets
M. Nagaraju,Secretary, DFS The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the...
Govt prepares Rs10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors.The Department of Investment and Public Asset Management, under India’s Finance Ministry, is working with Goldman Sachs Group Inc., Motilal...
New Mandatory Norms:IRDAI asks insurers to disclose KMP pay metrics, Policyholder Service performance on websites
Ajay Seth, chairman, IRDAI ``Evolving expectations of customers and needs of the economy require us to place greater emphasis on measurable customer outcomes, transparency in decision-making, responsiveness, and sustainable value creation. Accordingly, the revised...