In its Financial Stability Report, the central bank has cautioned...
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Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part...
Economic Reforms Agenda-2025: Simplifying regulations, and strengthening social security
Labour reforms form another cornerstone of the 2025 agenda. The...
Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) comes as more companies are pushed to disclose data as part of efforts to fight climate change International auditors have...
RBI Guv asks banks to have robust systems to curb digital frauds
Sanjay Malhotra,Governor,RBI While dwelling upon IT risk management and cyber security, the governor urged banks to have enhanced oversight over third-party service providers for mitigation of the risks emanating from them, RBI said in a release Mumbai: Flagging the...
Sebi launches digital knowledge repository ‘Dharohar’ on Republic Day
It is designed to cater to a wide audience, including students, investors, researchers, journalists, market participants and the general public offering insights into the market's diverse products, participants, and institutions Mumbai: Capital markets regulator Sebi...
Transport ministry proposes more sops for scrapping vehicles with BS-II
The Ministry of Road Transport and Highways (MoRTH) in a draft notification issued on January 24 said up to 50 per cent discount would be applicable for all vehicles, both commercial and personal, that are BS-I compliant or were manufactured before the BS norms were...
Govt drafts rules for mandatory adoption of Indian Standard Time nationwide
IST shall be the mandatory time reference across all sectors, including commerce, transport, public administration, legal contracts, and financial operations,” as per the draft rule. Key provisions include, prohibition of time references other than IST for official...
Budget 2025-Insurers expect tax benefits, concessions for healthcare
Sameer Bansal, MD & CEO, PNB MetLife, said that while India is a fast-growing economy fuelled by its rising middle-class population of 25-45-year-olds, the proportion of people above the age of 60 is equally increasing at a rapid pace New Delhi: Insurers are...
IRDAI imposes Rs1cr penalty on Royal Sundaram General for violating Outsourcing norms
In an order passed by two members of the IRDAI- Rajay Kumar Sinha,(F&I) and Deepak Sood,(Non-Life), the insurance regulator has said that the payments made by RSGI during 2018-19 and 2019-20 to vendors in excess of Rs1 crore were not reported in the outsourcing...
Despite Trump order, abandoning DEI could land companies in legal trouble
“When companies are sued by women or people of color and they're held liable for discrimination … the Trump administration can't save them and nothing in this executive order can save them," said Jason Solomon, director of the National Institute for Workers' Rights, a...
China guides mutual funds, insurers to invest more in stocks
China will commence the second stage of a trial program for insurers’ long-term equity investments in the first half of this year, with an amount of at least 100 billion yuan ($13.7 billion), Wu also said at the briefing. China is guiding local mutual funds and...
NHRC faults probe of Foxconn hiring, orders new inquiry
"The commission has no hesitation in stating that the authorities concerned have failed to identify and understand the core issue" said NHRC NEW DELHI: India's powerful human rights watchdog has admonished labor officials for failure to adequately investigate evidence...