"As far as LIC is concerned, we have completed the RFP process. The...
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Former finance secy Ajay Seth takes over as new chairman of IRDAI
Some of the other issues, which will be matter of focus for Seth,...
Insurance brokers should maintain high governance standards and business ethics: IRDAI member
Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO,...
RBI holds rates, raises GDP growth forecast to 7 pc, no plan to loosen interest rates
"The Indian economy presents a picture of resilience and momentum. Growth remains resilient and robust, surprising everyone. There is no plan to loosen interest rates as inflation continues to be the top priority for the central bank," ," Reserve Bank of India (RBI)...
Digital India Act unlikely to be in place before next general election: MoS IT Rajeev Chandrasekhar
Rajeev Chandrasekhar, Minister of State for Electronics and IT The proposed Digital India Act (DIA) has a lot of focus on the online segment. It will focus on making the internet open with rules to check on the dominance of certain players, focus on online safety and...
AM Best revises outlook on India’s Non-Life Insurance segment to stable
The Best’s Market Segment Report, “Market Segment Outlook: India Non-Life Insurance,” notes that factored into the outlook revision are recent regulatory shifts that have allowed for increased and new investments in Indian insurers by multinational players and direct...
Over 40 cough syrup manufacturers fail quality test: Report
The move came after several deaths were reported globally post consuming India-made cough syrups. The Directorate General of Foreign Trade (DGFT) after these deaths had made it mandatory for exporters to seek government clearance on the quality of cough syrups New...
Former BoI MD Atanu K Das selected as next IIRM director
The post of the director at IIRM will fall vacant shortly as the incumbent Suresh Mathur, who is on deputation from the IRDAI, will be retiring soon Hyderabad: Atanu Kumar Das, former MD & CEO, Bank of India(BoI), 60, has been selected by the insurance regulator...
Government bans “dark patterns” on ecommerce platforms; notifies guidelines
The notified guidelines will ensure clarity in the minds of all stakeholders -- buyers, sellers, marketplaces and regulators - as to what is not acceptable as unfair trading practices, the latter being liable under the Consumer Protection Act, Consumer Affairs...
Europe agrees on rules to protect smart devices from cyber threats
Manufacturers will have to assess the cybersecurity risks of their products, provide declarations of conformity and take appropriate action to fix problems during the expected lifetime of the product or for at least five years EU countries and EU lawmakers on Thursday...
Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman
Nirmala Sitharaman, Union Finance Minister Lloyd’s is evaluating its options for setting up in GIFT City. The summit jointly organised by IFSCA and IRDAI has allowed the market to engage with the two regulators and obtain clarification on a number of areas, said...
“We are likely to come out with a set of pension regulations soon”
Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for its next phase of growth. The first phase followed the creation in 2020 of a new regulator, the International Financial...
Irdai effects a mini reshuffle of its sr officials, 2 members to retire soon
Though as early as July, the government had advertised for two posts of members- `Finance and Investment’ and `Actuary’ at the Irdai, no body has been selected for these posts as yet Hyderabad: Even as the government is yet to make any new appointments to...