The Ministry of Industry and Information Technology on Monday...
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Finance Secy Ajay Seth likely to be new IRDAI chief
Ajay Sheth, Finance Secretary, Ministry of Finance Though, a final...
SEBI chief urges corporates to raise the bar on governance
Tuhin Kanta Pandey, Chairman, SEBI “As a regulator, SEBI has laid...
EU plans tough ‘value for money’ rules for investment products – draft document
The draft law calls on EU securities watchdog ESMA and its counterpart for the insurance sector, EIOPA, to come up with benchmarks industry would have to use to show that the cost of a product is justified and proportionate Banks, insurers and asset managers in the...
SEC issues largest ever whistleblower award of $279 million
“As this award shows, there is a significant incentive for whistleblowers to come forward with accurate information about potential securities law violations,” said Gurbir Grewal, director of the SEC’s Division of Enforcement, in a statement The U.S. Securities and...
FSDC pitches for special drive for settlement of unclaimed deposits and insurance benefits: FM
Finance Minister Nirmala Sitharaman Economic Affairs Secretary Ajay Seth it was deliberated that regulators should conduct a special drive to facilitate the settlement of unclaimed deposits and claims in the financial sector across all segments, such as banking...
IRDA proposes new advertisement norms for insurers
Each insurer has to constitute an advertisement committee reporting to the Product Management Committee. The advertisement committee will have at least three members mandatorily from Marketing, Actuarial and Compliance functions of the insurer, said the IRDAI...
Govt brings CA, CS, accountants carrying financial transactions of clients under money laundering law
As per the changes notified in the the Prevention of Money-laundering Act (PMLA), such professionals will be liable to ascertain the correct financial status and ownership details of their clients before dealing with them New Delhi: The government on Thursday has...
Delhi HC directs authorities to take action against fitting crash guards on vehicles
A bench of Chief Justice Satish Chandra Sharma and Justice Tushar Rao Gedela noted that crash guards and bull bars on motor vehicles are not allowed and the government agencies shall implement the provisions of law rigorously New Delhi: The Delhi High Court Wednesday...
India’s green financing requirement estimated at 2.5 pc of GDP: RBI Study
''India's diverse topography makes it highly vulnerable to climate risks, manifested in the form of sustained rise in temperature, erratic monsoon patterns, and rising frequency and intensity of extreme weather events Mumbai: The Reserve Bank of India's report on...
Remuneration norms of pvt sector insurers MDs to be applied for their KMPs also, proposes IRDAI
The step will give more clarity to the extent of variable pay with respect to the total remuneration of directors and KMPs, variable pay deferral, malus and clawback provisions, accounting disclosures, said the IRDAI Hyderabad: The existing framework, in operation...
Executive bonuses in crosshairs under new EU ESG rules
C-suite managers at companies with more than 1,000 employees will be held personally responsible if trajectories for emissions cuts don’t align with the objective of limiting global warming to 1.5C, according to the current text of the Corporate Sustainability Due...
BC Patnaik appointed as member life, IRDAI
Bishnu Charan Patnaik, member, Life, IRDAI ``The Appointments Committee of Cabinet(ACC) has appointed Patnaik as the whole time member(Life) of IRDAI till he reaches the age of 62,’’ said an order from the Department of Personnel and Training New Delhi:...