Under the new framework, banks will be assessed using financial and...
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RBI announces Rs 25k compensation to bank customers hit by digital fraud
"As long as (the customers) are defrauded whether on their own...
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...
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...
CCPA issues notice to Apple over iPhone performance issues
The notice seeks Apple's explanation regarding reported technical issues with the software update. The complaints have been received on the National Consumer Helpline regarding the performance issues of iPhones New Delhi: Consumer Affairs Minister Pralhad Joshi said...
South Korea to change airport design after deadly Jeju air crash
Runway end safety areas at nine airports will be lengthened to 240 meters (787 feet), or the structure holding the so-called localizer — an instrument used to guide landing plane — will be changed to an easily breakable material, Korea’s transport ministry said in a...
Indian economy to grow 7% in FY25, robust expansion to drive insurance premium growth, says Moody’s
``India's private sector insurers continue to reinforce their solvency, but we expect some pressure on their capital adequacy because of increased underwriting exposure and regulatory changes,'' Moody's said New Delhi: Moody's Ratings on Monday projected the Indian...
Govt issues draft rules to make e-com accountable, seeks comments by Feb 15
For imported goods, platforms must display importer, packer, and seller details prominently. During contract formation, platforms must record consumer consent, enable transaction review, and maintain transparent policies for cancellation, returns, and refunds New...
Karnataka High Court rules employer can’t forfeit gratuity without recovery proceedings
The judgment clarified that dismissal is a punitive action taken against an employee following due process but does not automatically entitle the employer to retain dues Bengaluru: The Karnataka High Court has ruled that an employer cannot withhold or forfeit the...