Nirmala Sitharaman, Union Finance Minister The country recorded 3...
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Apple removes Data Protection Tool in UK amid privacy row
While the UK Home Office has refused to comment on the issue, The...
Insurers look to hike health premiums for Delhi as pollution stings
In India, insurers can vary health insurance premiums by city based...
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets. Mumbai: The...
RBI releases framework for offline digital payments
The acquirer should incur all liabilities arising out of technical or transaction security issues at the merchant's end. The RBI emphasised that offline payments will be covered under the provisions of its limited customer liability circulars Mumbai: To push digital...
IRDA proposes pay cut for insurance CEOs in case company underperforms financially, mulls tenure limit at15 yrs and age limit at 70 yrs
The variable remuneration should be reduced where there is deterioration in the financial performance of the insurer. The deterioration in the financial performance should generally lead to a contraction in the total amount of variable remuneration, which can even be...
Insurers have to pay claims for treatment of Covid -19 cases with Omicron variant :IRDAI
The insurance companies have put in place effective coordination mechanism with all their network providers (hospitals) for the purpose of making available seamless cashless facility to all policyholders in case of hospitalisation if any and render speedy services to...
Irdai directs Go Digit to withdraw product offering life insurance benefits
The matter relates to modification in the Digit Group Total Protect Policy by the insurer in July this year, under which one additional section by name of 'Major Illness Plus Cover' was incorporated in the policy Hyderabad: Insurance sector regulator Irdai has asked...
CCI orders probe against Apple’s alleged unfair business practices
The order from the CCI comes after a non-profit group alleged this year that Apple was abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system New Delhi: The Competition Commission of India (CCI) on Friday...
India’s market regulator tightens stock market listing rules
"When any entity raises money under an IPO, it is for some purpose and investors are investing for that purpose, so that needs to be strictly monitored," Ajay Tyagi, chairman of SEBI, told a news briefing after the regulator's board meeting MUMBAI: India's market...
2022: Daunting labour reforms, informal workers’ social security fund await take off
There is a provision in the industrial relations code that any unit with up to 300 workers will not need permission from the appropriate government for closure, retrenchment and lay off. At present, the threshold is 100 workers New Delhi: Ushering in a big wave of...
Tesla recalls more than 475,000 vehicles over Over Camera, Trunk Safety issues
“Unavailability of the rearview camera display may affect the driver’s rear view and increase the risk of a collision,” the National Highway Traffic Safety Administration (NHTSA) said Tesla Inc. is recalling more than 475,000 of its Model 3 and Model S electric cars...
LIC, GIC Re, New India continue to be systematic important insurers, need extra supervision: IRDAI
Domestic systemically important insurers(D-SIIs) are already being subjected to enhanced regulatory supervision as the continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy On Thursday, the...