L to R - PK Arora, Member, IRDAI, T Alamelu, Principal Advisor,...
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`IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit’- International reinsurers gather in Mumbai on Monday to brainstorm their India strategies
K Rajaraman,Chairman, International Financial Services Centres...
Burmans’ Religare open offer for additional 26% stake to start on Jan 27
The Burman family -- a promoter of Dabur India and other entities...
Govt not to seek disclosure of flash sales from etailers; to act on consumer complaints
Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the etailers need not be “anxious” about the draft rules.
Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer — are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
Doctors protest in Delhi over violence against healthcare professionals; seek legislation
”There are many central health laws such as the PCPNDT Act and the Clinical Establishment Act. Currently, 21 states have local laws, but what we need is a strong central law to protect doctors from violence,” the doctors’ body had said.
The Health Services Personnel and Clinical Establishment (Prohibition of Violence and Damage to Property) Bill, 2019, which sought to impose a jail term up to 10 years for assaulting on-duty doctors and other healthcare professionals, was dismissed by the Home Ministry saying the special law was not feasible as health is a state subject, the IMA had said on Thursday.
Climate on agenda as Biden prepares to meet with top financial regulators
Biden issued an executive order in May pushing federal agencies to encourage full disclosure of often-hidden climate-related risks to banks, other financial institutions and the federal government.
Factbox: How central banks are responding to the issue of climate change
US Fed chair Jerome Powell while he agreed climate change could have deep ramifications for inflation, employment, productivity and other economic measures, he told a conference in June: “Climate change is not something we directly consider in setting monetary policy”.
Delhi bans soaps, detergents not conforming to latest BIS parameters
The National Green Tribunal (NGT) had in January accepted recommendations of the Yamuna Monitoring Committee (YMC) which had suggested directing the Delhi government to issue orders “prohibiting sale, storage and transportation and marketing of detergents which do not conform to the revised BIS standards”.
The primary reason behind the formation of the toxic foam in the Yamuna is high phosphate content in the wastewater because of detergents used in dyeing industries, dhobi ghats and households, according to an official of the Central Pollution Control Board.
India:Amid unlock, Doctors warn of ‘Worse Than Second Wave’ situation if norms not followed
Medical experts in mid-May had concurred that it was lockdown majorly that had brought down the count of daily cases, while cautioning that the severity of cases was still the same.
Centre’s Motor Vehicle Act wont be applicable for old petrol, diesel cars in Delhi, says transport minister Kailash Gahlot
Gahlot said, “Delhi is in a peculiar position, because specifically for the national capital, there are orders from the Supreme Court and NGT. They have limited the life of petrol-run vehicles to 15 years and those which run on diesel to 10 years.”
The Delhi Transport Department will fine Rs 10,000 owners found flouting the rule
US Justice Department sues to block Aon’s acquisition of Willis Towers Watson
“Today’s action demonstrates the Justice Department’s commitment to stopping harmful consolidation and preserving competition that directly and indirectly benefits Americans across the country,” said Attorney General Merrick B. Garland.
RBI to focus on growth even as inflation breaches tolerance band
The annual retail inflation rate rose 6.30 per cent year-on-year in May, up from 4.29 per cent in April and sharply above analysts’ estimate of 5.30 per cent. The wholesale price inflation rate rose 12.94 per cent, its highest in at least two decades.
“There is a broad-based increase in CPI inflation but it still is not driven by demand and that gives the RBI some leeway. They will continue to wait and watch as a rate hike is out of question for now,” the first source said.
IRDAI looking for agency to manage its multi-media grievance redressal centre
The agency will be required to manage its IGCC by providing the state-of-the-art call centre solution based on IP Multimedia platform for seamless handling of channels (telephone calls, e-mails and letters) with unified administration and reporting as well as having the integrated components in a single platform, said the request for proposal (RFP) for IGCC Services.