Ajay Seth, chairman, IRDAI ``We are working on the regulations...
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Air India pilot reports a possible defect in fuel control switch of Boeing 787-8, aircraft grounded
"After receiving this initial information, we have grounded the...
Govt mulls allowing 49% FDI in PSU banks
M. Nagaraju, secretary, Department of Financial Services Foreign...
India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report
IMF report suggested enhanced data coverage with better granularity for mapping climate-related financial risks in India It acknowledges India’s insurance sector is strong and growing with a significant presence in both life and general insurance. The sector has...
Flipkart fined Rs1.06 cr for flouting IRDAI norms
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent under composite category Hyderabad: The Indian insurance regulator IRDAI has slapped a fine of Rs 1,06 crore on prominent e-commerce company Flipkart, promoted by Binny Bansal and Sachin Banls, for...
Indian insurance industry waits for a new IRDAI chairman
The names of Ajay Sheth, who have been appointed as finance secretary just a few days back, Girdhar Armane, former Defense Secretary , Pankaj Jain, Petroleum secretary are still in the reckoning though it is unlikely that the government will now shift Sheth from the...
FinMin to implement ‘One State-One RRB’ soon to achieve better efficiency
As of 31 March 2024, 43 RRBs are operating through a network of 22,069 branches in 26 States and 3 Union Territories (Puducherry, Jammu & Kashmir, Ladakh) covering 700 districts of the country. The pace of technology adoption has increased as more RRBs have...
World Health Day: India’s Strides In Public Health
As of April 6, 2025, e-Sanjeevani has served over 36 crore patients through teleconsultations since its launch in 2020, making healthcare accessible remotely with 232,291 providers onboarded to date,” according to the ministry. eSanjeevani, India’s National...
Corporate affairs ministry proposes changes to rules related to fast-track mergers
In her Union Budget speech on February 1, Finance Minister Nirmala Sitharaman had said the government would rationalise the requirements and procedures for speedy approval for mergers of companies and the scope for fast-track mergers would be widened New Delhi: The...
Can med for rare disorder SMA be made available at lower price in India: SC to drug manufacturer
During the hearing on Friday, the bench was told by senior advocate Anand Grover, appearing for a 24-year-old woman, that the price of the medicine for SMA patients is cheaper in Pakistan and China because of intervention of the governments of those countries. New...
Govt appoints IRDAI’s Randip Jagpal and EPFO’s Sanjay Pandey as Members of PFRDA
Earlier in the week, the government appointed Deputy CAG S Ramann as Chairperson of PFRDA for a five-year term New Delhi: The government, on Thursday, has appointed Randip Singh Jagpal, executive director at IRDAI, and Sanjay Pandey, financial adviser and chief...
Firm issued fake insurance for Russian oil tankers, Norway’s regulator says
Such vessels are not regulated or covered by conventional Western insurers, posing the risk of unsafe tankers and environmental damage in the event of a wreck. The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was...
Govt forms high powered panel to revamp pricing and reinsurance mechanisms for PMFBY
The committee will be chaired by additional secretary (Crop Insurance), Department of Agriculture & Farmers Welfare (DA&FW) and some of the other members are Devesh Srivastava, former CMD, GIC Re, Girija Subramanian, CMD, New India Assurance, Saurabh Mishra,...