"The objective of the high-level committee is to comprehensively...
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Sebi board allows investment advisers, research analysts to charge advance fees for up to a year
"In order to address those concerns, the board has decided that if...
SEBI panel soon to work on conflict of interest rules for board members: Report
“We need to not only create trust of all stakeholders in us (SEBI)...
IRDA initiates discussions with general insurers to allow larger freedom to design various policies
According to the IRDAI, in the current situation, there are no real free market price discovery, no risk-quality based price discrimination, and no incentives for policyholder to adopt better risk management and insurer to price per own portfolio experience....
Ongoing turmoil in cryptos a reminder of huge risks attached: Singapore central bank
The Singaporean central bank, in the statement, added, the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is "hazardous". Singapore: The ongoing turmoil in the crypto industry serves as a reminder of the huge risks...
FSSAI proposes regulations for genetically modified food
"No person shall manufacture, pack, store, sell, market or otherwise distribute or import any food or food ingredient produced from GMOs, except with the prior approval of the food authority," the draft regulations said. New Delhi: FSSAI has come out with draft...
SAT upholds IRDAI’s rulings against Go Digit on combi product
IRDAI after examining Go Digit’s “Digital Group Total Protect Policy” filed under `Use and File’ norms had asked the company to withdraw the product as some of its features fall under life insurance products and can’t be offered by a general insurance company...
Health ministry includes coronary stents in National List of Essential Medicines, 2022
Several anti-cancer drugs, antibiotics and vaccines were among 34 new additions to the National List of Essential Medicines released on September 13, taking the total number of drugs under it to 3 New Delhi: The Union health ministry has notified the inclusion of...
Extreme weather events to rise manifold in India due to climate change: IIT-G study
''The fraction of the total population and urban area exposed to sequential extremes will increase rapidly if the global mean temperature rises above 1.5 degrees Celsius from the pre-industrial level,'' Vimal Mishra, Professor, Civil Engineering and Earth Sciences,...
Govt proposes penalty of up to Rs 500 cr for data breach under Data Protection Bill
The draft bill, renamed as The Digital Personal Data Protection Bill, 2022, has laid out the conditions for collecting data and the consent of the people whose data would be processed. New Delhi: The government has raised the penalty amount to up to Rs 500 crore for...
Sebi amends rules; introduces new option for appointment, removal of independent directors
''In case a special resolution for the appointment of an independent director fails to get the requisite majority of votes, but the votes cast in favour of the resolution exceed the votes cast against the resolution, and the votes cast by the public shareholders in...
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI
Financial Information Providers in insurance sector need to enter into a contractual framework with the AAs, and the same has to distinctly specify the rights and obligations of each party and modalities of dispute resolution mechanism Hyderabad: The...
DICGC settles claims worth Rs 8,516.6 crore in FY22
The number of insured banks registered with DICGC stood at 2,040 as on March 31, 2022 Since the inception of deposit insurance, a cumulative amount of Rs 295.9 crore was paid up to March 31, 2022 towards claims of 27 commercial banks, Rs 10,524.3 crore towards claims...