"As long as (the customers) are defrauded whether on their own...
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Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long...
377 aircraft identified for repetitive defects since Jan last year, says govt
Of these, 405 aircraft belonging to IndiGo were analysed for...
Mule Account Menace: Lucknow’s local youths fall prey to global cyber fraud network
The funds come from a range of cybercrimes in India: online investment frauds, fake job or task schemes, sextortion, and bogus trading platforms. Victims' payments are funnelled into mule accounts before disappearing into the blockchain - beyond the jurisdiction of...
Sebi scraps transaction charges for mutual fund distributors
Under the earlier framework, Sebi said distributors were eligible for such charges if they brought in a minimum subscription amount of Rs 10,000.This change is expected to simplify the distributor compensation process while maintaining transparency in the mutual fund...
India well-equipped to tackle evolving online harms, cyber crimes: Govt tells Parliament
Jitin Prasada, Union Minister of State for Electronics and Information Technology The MoS informed that to combat the rising threat of deepfakes and ensure an open, safe, and accountable cyberspace, the Government of India has established a comprehensive legal and...
Sebi chief urges redefining role of independent directors as stewards of accountability
Role of independent directors requires a change in multiple areas. They must feel free to dissent and be well-versed in emerging risks such as AI governance, cyber threats, and ESG disclosures New Delhi: Capital markets regulator Sebi chief Tuhin Kanta Pandey on...
Joydeep Saha appointed as MD & CEO of ManipalCigna Health Insurance
Joydeep Saha,MD & CEO of ManipalCigna Health Insurance He has been associated with the company for over seven years, having previously served as appointed actuary and chief officer – Actuarial, Product, Reinsurance, Group Underwriting & Analytics Mumbai: After...
RBI decides to keep interest rate unchanged at 5.5 pc
Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on Wednesday retained the GDP growth projection for the current fiscal year at 6.5 per cent while lowering the inflation forecast to 3.1 per cent from 3.7 per cent. Mumbai: After three successive...
Pollution boards can impose environmental damages, says SC
Having considered the principles that govern Indian environmental laws, we have held that the environmental regulators, the Pollution Control Boards exercising powers under the Water and Air Acts, can impose and collect restitutionary or compensatory damages in the...
Policybazaar fined Rs5 crore by IRDAI, 11 charges of regulatory lapses against the intermediary
``IRDAI in exercise of the powers under Section 102 of the Insurance Act, 1938, has imposed a penalty of Rs. Five Crore on M/s Policybazaar Web Aggregator Pvt. Ltd. (Now known as "M/s Policybazaar Insurance Brokers Pvt. Ltd.") along with direction, advisory and...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities (ILS) and support initial issuance by way of cost subsidy/ grant on the lines of Singapore and Hong Kong. These incentives are important for creating a conducive ecosystem for ILS in the initial years, G...
Spike in Used Car Purchases: Transferring policies
“An untransferred insurance policy puts both the buyer and seller at risk. When making a claim, mismatched ownership details can effectively render the insurance void, as if there were no coverage at all.” – Mallikarjun Mallannavar, Chief Claims Officer at Royal...