In the absence of a regular chairman after Debasish Panda...
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Grievance redressal must go beyond disposal to ensure citizen’s satisfaction, Jitendra Singh
Jitendra Singh,Union Minister of State (Independent Charge) for...
Go Digit General Insurance gets Bombay HC relief on GST demand
After ICICI Lombard General Insurance, the Bombay High Court has...
Top central bankers assert need for higher interest rates to tackle persistent inflation
The clear message was that rates would stay high until the inflation beast is subdued, according to a panel discussion with US Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, Bank of England Gov. Andrew Bailey and Bank of Japan...
Insurers await IRDAI’s new classification of HDFC bonds post-merger; assess impact on holdings
There is uncertainty whether HDFC's bonds will be classified under housing and infrastructure after the merger, and we are awaiting clarification from regulators, Arun Srinivasan, head of fixed income at ICICI Prudential Life Insurance, told Reuters. "In case it does...
India antitrust body examining Air India, Vistara merger -source
The Competition Commission of India (CCI) has sent a so-called "show cause" notice to Air India to explain its position, expressing concern that on some routes and categories - such as business class travel - the merged entity could have a monopoly, the source said...
IRDAI set to implement 1st phase of ‘Risk Based Supervision’ pilots from July
With a view to promote a ‘Principle based Regulatory regime’, foster ease of doing business and encourage proactive risk identification and management, the IRDAI has been working towards developing and implementing (RBS)framework for insurance sector in India, said...
ICICI Pru Life gets GST demand notice for Rs 492 cr
The insurer has confirmed that it received a show cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI), asking the company to show cause as to why a tax of Rs 492,06,48,296 pertaining to the period July 2017 to July 2022 should not be...
Australia regulator tells Medibank to set aside $167 mln after data breach
Medibank last year disclosed that a hacker stole the personal information of 9.7 million current and former customers and released the data on the dark web in one of Australia's biggest data thefts. At least three separate class action suits have been filed against...
EPFO extends deadline to apply for higher pension till July 11
This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the...
EU banks ready to expand risk models to manage climate-change fallout: Survey
The results indicate that banks are increasingly concerned about the potential of global warming to hurt asset values. The industry also faces a December deadline by the European Central Bank to reflect climate risks in their governance, strategy and risk management...
GST Scam: HDFC Life gets Rs 942-crore demand notice, CBIC probes more insurers
The matter relates to the claim of input tax credit against supply of services, which the GST authority believes are ineligible for such claims The D-G of GST Intelligence is currently probing large number of insurance companies and several of their intermediaries and...
Ex-Goldman Sachs banker Brijesh Goel convicted of insider trading
Goel, 38, was convicted on Wednesday after a seven-day trial for tipping off former Barclays Plc trader Akshay Niranjan about deals at Goldman, yielding total illegal profits of approximately $280,000 Goel was convicted of four counts of securities fraud and one count...