The consequences of this lack of awareness are significant. At the...
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Regulation
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Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
In a significant change, insurers would be allowed to invest a...
Insurance intermediaries must report big commission payments, Publish details online: IRDAI
In a move aimed at strengthening oversight of sales practices,...
Ind AS to boost transparency, governance and capital efficiency in insurance sector: Ajay Seth
Ajay Seth, chairman, IRDAI Seth encouraged insurers to actively leverage the Joint Expert Group on Ind AS, comprising representatives from IRDAI, ICAI, IAI, NFRA and SEBI, as a platform for seeking guidance and resolving implementation-related issues during the...
RBI keeps repo rate unchanged at 5.25%,lowers GDP forecast to 6.6 %, raises inflation to 5.1% for FY27
Sanjay Malhotra, Governor,Reserve Bank of India "The central bank's rate panel noted that the global environment has deteriorated," RBI Governor Sanjay Malhotra said. The central bank's rate panel felt it was "prudent" to wait until greater clarity emerges, he...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner
Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd's promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress on Thursday...
Insurance market in India likely to grow at 10.7 pc annually over next decade: Allianz Report
Despite ranking among the world's ten largest insurance markets, India remains significantly underinsured, with insurance penetration of 3.8 per cent of GDP, a report by Allianz said, adding that with only about 46 per cent of the working-age population effectively...
Telangana bans cash wages, brings gig workers under new regulations
While providing historic safety nets for labour, the new government order (GO) offers strategic advantages to corporate management and industry.The GO eliminates the "fragmented, friction-heavy industries-wise frameworks seen in other states" and implements a unified,...
DFS launches Common Landing Portal for unclaimed financial assets
M. Nagaraju,Secretary, DFS The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the...
Govt prepares Rs10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors.The Department of Investment and Public Asset Management, under India’s Finance Ministry, is working with Goldman Sachs Group Inc., Motilal...
New Mandatory Norms:IRDAI asks insurers to disclose KMP pay metrics, Policyholder Service performance on websites
Ajay Seth, chairman, IRDAI ``Evolving expectations of customers and needs of the economy require us to place greater emphasis on measurable customer outcomes, transparency in decision-making, responsiveness, and sustainable value creation. Accordingly, the revised...
Govt expands fuel dispenser verification to cover hydrogen, clean fuels amid energy transition
"The move is expected to enhance the availability of verification services, improve efficiency and support the growing adoption of cleaner fuels across the country," the ministry said in a statement. New Delhi:The consumer affairs ministry has amended legal metrology...
Sitharaman reviews growth of GIFT City as global financial hub
From Lto R-PK Mishra,Principal Secretary to the Prime Minister;Nirmala Sitharaman,Union Finance Minister, Harsh Sanghavi, Deputy Chief Minister of Gujarat, at a meeting at GIFT City GIFT City today hosts more than 1,150 entities operating across financial services,...