Gita Gopinath,Chief Economist,IMF IMF chief economist Gita Gopinath...
Category:
Regulation
Latest
India, as fastest growing economy, is ideal investment destination: RBI Governor
Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra...
Airspace curbs: DGCA issues advisory to airlines on passenger handling steps due to longer flights
Airlines have to ensure that all passengers are proactively...
FTC opens investigation into OpenAI over misleading statements
The FTC this week sent a 20-page demand for records about how OpenAI addresses risks related to its AI models. The agency is investigating whether the company engaged in unfair or deceptive practices that resulted in "reputational harm" to consumers The U.S. Federal...
IRDAI announces 3 winners for its first hackathon – “Bima Manthan 2022”
The winners are- AiBorne Tech, which has won the contest for its ` Motor Fraud Prevention/Mitigation’ project, Policybazaar Insurance Brokers Private Limited has become the 1st runner in the contest for its project `Last mile insurance coverage’ while Vlinder is the...
Allianz US unit ordered to pay $6 billion in securities fraud case
US District Judge Colleen McMahon imposed the sentence Wednesday in Manhattan on Allianz Global Investors US, which had agreed to the payout last year when it pleaded guilty to a single criminal charge of securities fraud as part of a deal with federal prosecutors. It...
China issues temporary rules for generative AI services
The Cyberspace Administration of China, which released the set of rules on its website, said that service providers will need to conduct security assessments and perform algorithm filing procedures before product launches. The measures will go into effect on Aug. 15...
UK polluters to face unlimited fines to protect environment
“We are scrapping the cap on civil penalties and significantly broadening their scope to target a much wider range of offenses – from breaches of storm overflow permits to the reckless disposal of hazardous waste,” Environment Secretary Thérèse Coffey said Polluters...
EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs
The European Medicines Agency said Monday that it was looking at three adverse events in connection with Ozempic and Saxenda after receiving reports from the Icelandic Medicines Agency. Two cases of suicidal thoughts were reported to the EMA relating to the drugs,...
Tangirala joins IRDA and LIC as govt’s nominee
The government has nominated M. P. Tangirala, additional secretary, Department of Financial Services, as as part-time member of the Insurance Regulatory and Development Authority of India as well as director on the board of the Life Insurance Corporation with...
Exemption of GST for cancer drugs
The Goods and Services Tax Council after its 50th meet in New Delhi on Tuesday has agreed to exempt GST on import of cancer drug Dinutuximab, and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases. Currently, the drug attracts a 12%...
Govt advertises for 2 posts of IRDAI members
Rakesh Joshi, member, Finance and Investment and Pramod Arora, member, Actuary, will be completing their terms at the IRDAI in next six months The applicants should have a minimum of two years of residual service as on the date of vacancy i.e., the applicant’s age...
Professional Indemnity: Emerging global liability trends for professional services firms
A new report from professional indemnity (PI) insurer Allianz Global Corporate & Specialty (AGCS) identifies a number of emerging liability trends for companies, ranking them by level of anticipated impact, potential drivers of loss activity and the likely ease...