Siddartha Mohanty, MD & CEO, Life Insurance Corporation `Our...
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DoT WhatsApp collaborate for awareness campaign against online scam spam
Union Telecom Minister Jyotiraditya Scindia "As India advances on...
EPFO achieves a historic high of 21.6 million claim settlement as on March 6
At present, 96 per cent corrections are being done without any EPF...
IRDAI effects reshuffle among sr officials
Randip Singh Jagpal, who has been a CGM in one of the most important portfolio- Department of Intermediaries, for many years ,has been shifted to Consumer Affairs Department. AR Nithiyananthan, CGM who was in charge Information Technology(IT) will now be heading...
Govt panel calls for regular market approval for Covishield, Covaxin
"The Subject Expert Committee (SEC) on COVID-19 of the Central Drugs Standard Control Organisation (CDSCO) which reviewed SII and Bharat Biotech's application for the second time on Wednesday has recommended granting regular market approval to Covishield and Covaxin...
UK regulatory shake-up could address lack of domestic commercial reinsurance -lobby group
Britain's upper chamber of parliament, the House of Lords, said late last week that its Industry and Regulators committee of lawmakers was launching an inquiry into the regulation of the London insurance market and how to improve the regulatory set-up for the industry...
DGCA to probe two IndiGo planes’ near collision over Bengaluru airport
Officials of Directorate General of Civil Aviation (DGCA) said that the two IndiGo planes -- 6E455 (Bengaluru to Kolkata) and 6E246 (Bengaluru to Bhubaneswar) -- were involved in 'breach of separation' at Bengaluru airport. Breach of separation happens when two...
SEBI examines alternate dispute resolution mechanism for investors, regulated entities
SEBI in November 2021 published the 'Investor Charter' for securities markets to further augment its efforts to protect investors’ interests, promote transparency in markets and enhance awareness, trust and confidence among investors. Since then, various steps have...
IRDAI reduces general insurers’ obligatory cession for GIC Re to 4 % from 5 % in FY 2023
The approximate size of the Indian reinsurnace market is around Rs 55,000 cror in FY.2020-21. To begin with, obligatory cession for GIC Re was 10 per cent which was reduced to five per cent afterwards and the foreign reinsurers which are having braches in India are...
Govt seeks applications for a new IRDAI member(Non-Life)
TL Alamelu, member(Non-Life), IRDAI will be retiring on May 6,2022 after completing her three-year tenure New Delhi: The government on Monday has asked for applications to appoint a new member (Non-life), in Hyderabad based IRDAI. The current member(Non-Life),TL...
Life insurance is witnessing shift from ‘savings ’ to ‘protection’:IRDAI member
K. Ganesh, Member (Life), IRDAI said fintech will redefine distribution and customer services Pune: K. Ganesh, Member (Life), IRDAI has said the Covid-19 pandemic has changed the peoples’ perspective of life insurance from ‘savings oriented’ to ‘protection oriented’....
DPIIT to come out with revised FDI policy to facilitate LIC disinvestment: Secy
The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM) New Delhi: The commerce and industry ministry is making changes in the foreign direct investment (FDI) policy to facilitate...
France fines Google 150 million euro over cookie breaches
In its statement, the watchdog said it had found that the facebook.com, google.fr and youtube.com websites didn’t allow the refusal of cookies easily, citing Google’s video-streaming platform France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s...