The plea sought a direction that the Centre and other concerned...
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IRDAI launches Rs 800 cr Policyholders’ Education and Protection Fund, set to widen policyholder services
The consequences of this lack of awareness are significant. At the...
Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
In a significant change, insurers would be allowed to invest a...
Banks will pay deposit insurance premiums linked to their risk profile from Apr 1
Under the new framework, banks will be assessed using financial and supervisory indicators such as capital strength, asset quality, earnings and liquidity, as well as the potential loss their failure could impose on the deposit insurance fund, the RBI said. Mumbai:...
RBI announces Rs 25k compensation to bank customers hit by digital fraud
"As long as (the customers) are defrauded whether on their own accord or anyone else's accord, no questions asked… we will compensate them as long as it is unintended,"Reserve Bank Governor Sanjay Malhotra MUMBAI: Amid growing digital fraud, the Reserve Bank on...
Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long period of time (and) they will go down even further," Malhotra said in a post-monetary press conference. Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low...
377 aircraft identified for repetitive defects since Jan last year, says govt
Of these, 405 aircraft belonging to IndiGo were analysed for repetitive defects and 148 were identified for repetitive defects, as on February 3, this year, as per data presented by Minister of State for Civil Aviation Murlidhar Mohol in Lok Sabha. New Delhi:A total...
Competition regulator orders probe into IndiGo after mass flight cancellations
More than 10.4 lakh passengers were affected by flight cancellations in December, with over 93 percent of the total passengers getting impacted by IndiGo cancellations New Delhi: India's competition regulator, Competition Commission of India(CCI), has ordered an...
EU body’s advice on toxin limit in baby formula prompts more recalls
Cereulide, a toxin that can cause nausea and vomiting, has been detected in ingredients from a Chinese factory supplying major formula makers including Nestle, Danone and Lactalis.The contamination triggered infant formula recalls in dozens of countries and heightened...
Air India checking fuel switches on its Boeing Dreamliners, memo says
The checks have not unearthed any issues so far and will not require grounding of the fleet, a source with direct knowledge of the matter said. The carrier, owned by Tata Group and Singapore Airlines, has a fleet of 33 Boeing 787 aircraft, according to Flightradar24....
SC slams WhatsApp Meta over privacy policy says will pass interim order on Feb 9
"You can't play with the right of privacy of this country in the name of data sharing. We will not allow you to share a single word of the data, either you give an undertaking…you cannot violate the right of privacy of citizens,” the CJI said New Delhi: The Supreme...
Dutch regulator to probe Roblox over risks to minors
The regulator said it will assess whether Roblox is taking adequate measures to protect minors, referring to the EU’s Digital Services Act, which requires platforms to take appropriate and proportionate measures to ensure safety for minors using their services. The...
IRDAI to come out with new regulations on industry’s commission structure soon:Seth
Ajay Seth, chairman, IRDAI ``We are working on the regulations pertaining to the new commission structure in the industry. There will not be any surprise element in it. We will soon put out a consultative paper on it and will like to have industry views before...