The vessel has protection and indemnity (P&I) insurance cover...
Category:
Regulation
Latest
I-T deptt offices to remain open on March 29-31: CBDT
In an order, the Central Board of Direct Taxes (CBDT) said "to...
RBI may cut interest rates further and keep liquidity flush as economy braces for trade turmoil
Sanjay Malhotra, Governor, Reserve Bank of India Since taking...
Reliance Capital: Hinduja Grp re-enters the fray with a higher offer of Rs 9,400 crore
Lenders will now take a call on whether they will accept Hinduja’s revised bid Analysts say Hinduja offer of Rs 9,000 crore cash upfront trumps Torrent bid of just Rs 4,000 crore cash and the balance to be paid to lenders in three equal instalments in year 3/4/5 with...
DGCA carries out 4,378 surveillance activities among Indian airlines this year
"As a result, the Effective Implementation score of India has risen from previous 69.95 per cent to 85.49 per cent, thereby changing India's Safety Oversight ranking from 102 to 48 among the 193 contracting states," it said. New Delhi: Aviation regulator DGCA on...
Insurers settled over 2.25 lakh death claims on account of Covid: Irdai report
The net incurred claims of the general insurers stood at Rs 1.41 lakh crore in 2021-22 as against Rs 1.12 lakh crore in 2020-21, an increase of about 26 per cent New Delhi: Over 2.25 lakh death claims due to the Covid-19 pandemic were settled by insurance companies up...
Parl panel moots ex-ante regulations, digital competition law to curb unfair biz practices in digital markets
The suggestions are part of the Standing Committee on Finance's report on 'Anti-Competitive Practices by Big Tech Companies' tabled in Parliament on Thursday and comes against the backdrop of rising concerns over unfair business practices in digital markets. New...
Amending Insurance Acts: General Insurers oppose changes in capital requirements, granting composite licenses
On granting composite licenses, general insurers say,suddenly letting companies to enter into any segment will result in chaos and fragmentation of existing markets. This will also harm the interests of the existing policyholders in both life and nonlife segments, On...
Huge setback for Reliance Capital resolution process as Cosmea-Piramal consortium pulls out
Cosmea Financial is promoted by Sam Ghosh,who was heading Reliance Capital between 2008-2017 According to sources, the Cosmea-Piramal consortium has decided to walk out of the resolution process as it believes that the contours of the bidding process have been...
Govt to take view on privatisation of public sector banks after consultation with dept, regulator
In the Union Budget for the financial year (FY) 2021-22, he said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced The government on Monday said it will...
Surety Bonds: Govt allows insurers’ parity with banks as `secured creditors’ within insolvency law in case of defaults
Nitin Gadkari, Union Minister of Road Transport and Highways(Morth), will be formally launching the country's first Surety Bond on Monday Bajaj Allianz General insurance, with major reinsurance back ups from Munich Re and Swiss Re has already got its Surety Bond...
Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions
The employee unions are also opposed to the idea of insurers distributing insurers to distribute other financial products as it may distract the companies from their insurance products, distribution and proper attention on serving the policyholders Chennai: The Unions...
New Zealand passes minimum age law aiming to ban smoking for next generation
The law states that tobacco can't ever be sold to anybody born on or after January 1, 2009 - and from now on, the minimum age for buying cigarettes will keep going up and up New Zealand is not the only nation pushing to ban smoking for the next generations. In June, a...