The Insurance Act 1938 did not contain any definition of “insurance...
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100% FDI in Insurance:India’s big-bang financial reforms target wave of foreign money
All these reforms come as Prime Minister Narendra Modi and his...
Indian Insurance Industry-2025: A Year of Consolidation, Customer Focus and Sustainable Growth
Consumers increasingly opted for higher sum insured policies,...
Biden to permanently ban new offshore oil and gas exploration in some US coastal waters
US President Joe Biden The move is certain to complicate President-elect Donald Trump’s ambitions to drive more domestic energy production. Unlike other executive actions that can be easily undone, Biden’s planned declaration is rooted in a 72-year-old law that gives...
Tighter anti-spam norms in a mth; TRAI pilot soon to onboard past user consents onto digital system
TRAI is in the process of operationalising system of separate 160 series for service or transactional calls by principal entities (say banks, insurance companies or other service providers) to differentiate them from promotional calls. Currently, both types of calls...
DPDP rules in monsoon session of Parliament, Digital entities to get 2-yrs to comply: Vaishnaw
"We have also kept graded punishments to protect the interests of micro, small and medium enterprises. It is to save businesses who may be running their business using a single computer. However, Big Techs have higher obligations under the rules. Minor breaches will...
Consent management, localisation, parental nod for kids on social media in focus: Experts on DPDP
"We foresee that businesses will face some complex challenges in managing consent as it forms the heart of the law. Maintaining consent artefacts and offering the option to withdraw consent for specific purposes could necessitate changes at the design and architecture...
Draft DPDP rules moot parental consent for processing children’s data
E-commerce, social media and gaming platforms will fall under the category of data fiduciaries. As per the rules, entities will be able to use and process personal data only if individuals have given their consent to consent managers – which will be entities entrusted...
General insurers remain bullish on industry’s growth in 2025
"Cyber insurance is expected to gain prominence alongside the adoption of parametric insurance for disaster management and surety bonds as alternatives to traditional bank guarantees in infrastructure projects," Bajaj Allianz General Insurance MD & CEO Tapan...
India cut GDP emission intensity by 36 pc during 2005-2020 Govt report
India continues to decouple economic growth from greenhouse gas emissions. Between 2005 and 2020, the emission intensity of India's GDP declined 36 per cent, India's fourth Biennial Update Report (BUR-4) submitted to the United Nations Framework Convention on Climate...
Commerce min plans to expand food testing infrastructure to boost exports Official
"Though we have taken a number of measures, we are doing a deeper analysis commodity and area-wise. We are trying to find out gaps in our food testing infrastructure. We hope that the study will be over in 2-3 months and after that we will come up with a full plan of...
Brazil says workers at China’s BYD site are victims of human trafficking
The investigation also brings unwelcome attention to BYD when it is seeking to expand globally after having gained dominance in China, the world’s largest auto market, where it now takes up more than a third of the market of EVs and plug-in hybrids Chinese workers at...
FinMin asks banks, insurance firms to expedite public grievances resolution
M Nagaraju, Secretary, Department of Financial services At the outset, the Secretary reiterated the Prime Minister's direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should review...