While providing historic safety nets for labour, the new government...
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DFS launches Common Landing Portal for unclaimed financial assets
M. Nagaraju,Secretary, DFS The portal, accessible at...
Govt prepares Rs10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run...
RBI faults Indian insurers’ high-cost distribution strategies
Premium growth in the Indian insurance industry has been increasingly driven by high-cost distribution-led strategies rather than operating efficiency. In non-life sector, commission growth has significantly outpaced other operating expenses, the RBI said mentioned in...
Domestic reinsurance capabilities through regulatory incentives need to augmented:RBI
In its Financial Stability Report, the central bank has cautioned the growing reliance on cross-border reinsurance suggests that the domestic market’s capacity may not be keeping pace with the specialized or large-scale risk transfer needs of Indian insurers,...
Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part of the total expenses of the general insurance industry, said the IRDAI in its annual report of 2024-25 For the life insurance sector, total commission outgo increased by 18 per cent (whereas the total...
Economic Reforms Agenda-2025: Simplifying regulations, and strengthening social security
Labour reforms form another cornerstone of the 2025 agenda. The government has consolidated 29 labour laws into four Labour Codes covering wages, industrial relations, social security and occupational safety. The new framework extends social security benefits to...
Govt releases white paper on democratising access to AI infrastructure
The white paper highlights key enablers aligned with India’s AI governance vision, including expanding access to high-quality, representative datasets; providing affordable and reliable computing resources; and integrating AI with Digital Public Infrastructure (DPI)....
China plans to tighten AI rules, to ensure services are ethical, secure and transparent
According to the draft proposals, providers must conduct a security assessment and submit a report to the provincial cyberspace administration if they launch any human-like AI features. A report will also be required for services that gain 1 million registered users...
Autonomous Services:Uber Technologies and Lyft Inc. each teaming up with Baidu Inc. to trial driverless taxis in UK
Global robotaxi rollouts are accelerating, with Chinese companies such as Baidu and Weride Inc., and Alphabet Inc.’s Waymo leading the charge. Uber and Weride have launched driverless operations in Abu Dhabi, with plans to expand in the Middle East. Baidu is...
Indian Healthcare-2025:Robust growth in AB-PMJAY and digital delivery, AI next frontier
The health ministry's initiative, launch in October last year, to expand the scope of the scheme by providing free treatment benefits of up to Rs 5 lakh per year to all senior citizens aged 70 years and above, irrespective of their socio-economic status, through...
Civil aviation ministry’s 24×7 control room seeks to address passengers’ issues promptly
The complaints vary from flight cancellations to lost baggage to even meal not being served onboard. New Delhi: To address air travellers' grievances more promptly, the civil aviation ministry has set up the Passenger Assistance Control Room (PACR) that functions...
Foreign investors exit Indian stocks at record scale; withdraw Rs 1.6 lakh cr in 2025
This makes 2025 the worst year for equity flows, surpassing the previous record outflow of Rs 1.21 lakh crore in 2022 and coming after a marginal net inflow of just Rs 427 crore in 2024. In contrast, 2023 had seen a robust Rs 1.71 lakh crore equity investment. New...