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Machinery for citizens to flag misleading ads needed: SC
A bench of Justices Abhay S Oka and Ujjal Bhuyan said the Drug and...
India leading in AI adoption, governance: FM Sitharaman
Nirmala Sitharaman, Union Finance Minister The country recorded 3...
Space sector startups seek clarity on financing, insurance in space policy
''To give more thrust to our space programme, we need to target much more lenient insurance policies where the government can come forward and help out in a bigger way than what is done in other countries,'' Pawan Kumar Chandana, CEO of Skyroot Aerospace, which is...
IRDAI empowers insurers to expand their hospital networks for cashless health cover
While specifying the criteria, the board of insurers among other things should consider the minimum manpower and healthcare infrastructure facilities, said the IRDAI The insurers have to also publish the board approved empanelment criteria in their website from...
DGCA’s spot checks detect insufficient staff certifying planes
Before each departure, an aircraft is checked and certified by an aircraft maintenance engineer (AME). The DGCA has now issued guidelines for airlines on the deployment of AME personnel and directed them to comply by July 28. "It is also seen that airlines are...
Foreign insurers in Malaysia given 2023 cutoff to reduce stakes in their local ventures
AIA Group Ltd., Prudential Plc, Tokio Marine Holdings Inc. and Zurich Insurance Group AG are among the international insurers with ventures in the Southeast Asian nation Overseas insurance companies were allowed to hold a maximum 70% in local firms, but it was mostly...
RBI wants govt to prohibit cryptocurrencies: Sitharaman
Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman said, any legislation for regulation or for banning such currencies can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of...
Shriram Group’s non-banking financial entities to get amalgamated by Dec qtr: MD & CEO YS Chakravarti
YS Chakravarti, Managing Director and CEO, Shriram City Union Finance Shriram City Union Finance Ltd (SCUF) has received shareholders' approval for the merger and it is expected to get the nod from the Insurance Regulatory and Development Authority of India (Irdai)...
Pay GST on hospital rooms above Rs 5,000 from Monday
The government has now notified that all such clinical establishments including hospitals, nursing homes, and sanatorium would be liable to pay tax on the gross room rentals which is more than Rs 5,000 per day Services rendered by regulators such as RBI, IRDA and SEBI...
CCI approves acquisition of Ageas Federal Life Insurance by Ageas Insurance
The proposed combination pertains to the acquisition of further shareholding in Ageas Federal Life Insurance Company Limited (AFLI) by Ageas Insurance International NV (Acquirer), CCI said in a statement New Delhi: The Competition Commission of India (CCI) on Friday...
Labour codes’ implementation at appropriate time: Bhupender Yadav
Union Labour Minister Bhupender Yadav The new laws are in tune with the changing labour market trends and at the same time accommodate the minimum wage requirement and welfare needs of the unorganised sector workers, including the self-employed and migrant workers,...
“Yet to decide on mandatory disclosure of commissions on the policy documents” says IRDAI
``It has come to the notice of the Authority that concerns are being expressed in some quarters regarding mandatory disclosure of commissions on the policy documents. The concerns emanate from certain recommendations made by Working Groups constituted by the Insurance...