Nirmala Sitharaman, Union Finance Minister Over the last 5 years,...
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Regulation
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Bill to decriminalise certain minor offences to be introduced in Lok Sabha on Monday
Over 350 provisions are proposed to be amended through this bill...
Generative AI set to improve banking operations in India by 46%: RBI Report
Generative Artificial Intelligence (AI) has the potential to...
Central drugs laboratories find 55 samples to be ‘not of standard quality’ in June
These drugs were manufactured by an unauthorized entity using a brand name owned by another company, and the matter is under investigation and action will be taken in accordance with relevant rules. New Delhi: The central drugs laboratories have found 55 samples...
Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India
Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V. on Friday entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance...
RBI to issue climate risk disclosure rules for banks soon
As part of the central bank's climate disclosure rules, banks will be required to calculate gross emissions of borrowers and disclose this information by asset classes and industries, according to the draft norms. Such disclosures are expected to be included in their...
Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance
Industry expert said that with WestBridge Capital's controlling stakes in both, KIWI General Insurance and Start Health, there may be a potential for merger. If that doesn't happen then the only option is that WestBridge dilutes its holding in Star Health below...
Irdai forms panels to look into violations by insurers
"As part of enforcement function, to decide on the violations observed as regards the provisions of Insurance Act and Regulations issued there under, with respect to certain Insurers/Insurance Intermediaries, panels of Whole-Time Members were formed," Irdai said....
Infosys US unit pays $125,000 penalty for cybersecurity lapses
In March this year, Infosys had informed the stock exchanges that Infosys McCamish Systems reached an agreement to settle six class action lawsuits in the United States, in relation to 2023 cyber incident. Under the proposed terms, Infosys McCamish Systems had agreed...
Pension fund managers want changes on in bond rules for higher yield on retirement savings
Currently, investment in corporate bonds maturing in less than three years is capped at 10%, with most securities needing ratings from at least two credit agencies, according to a March 2025 circular by the pension regulator Mumbai/New Delhi: Indian pension managers...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian insurance industry is more a strategic and forward-looking shift focussing not just on stability but also on expansion, and attracting long-term investment. It can better align India with global standards...
IRDAI board meet on July 14, likely to approve new licenses
In the absence of a regular chairman after Debasish Panda ended his three-year term in March ,PK Arora, member, Actuary, IRDAI, will chair the IRDAI board meeting New Delhi/Hyderabad: Insurance regulator IRDAI will have its next board meet on 14th July and...
Grievance redressal must go beyond disposal to ensure citizen’s satisfaction, Jitendra Singh
Jitendra Singh,Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Personnel, Public Grievances and Pensions “If a complaint is coming from different parts of the country, it is time to question the...