The proceeds will be injected into state-controlled firms including...
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IRDA imposes Rs 1cr fine on Wealthkart Insurance Broking
The IRDA, on Jan 22, has imposed a fine of Rs 1 crore on Wealthkart...
Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events...
Sebi issues clarification on cybersecurity norms, offers compliance extensions
The framework is designed to ensure that Sebi-regulated entities (REs) maintain robust cybersecurity posture, remain equipped with adequate cyber resiliency measures and can withstand, respond to, and recover from cyber threats, effectively New Delhi: Sebi on Tuesday...
Beijing to boost driverless vehicle use, regulations to kick in from Apr 1
Autonomous vehicles that pass road testing and safety assessments will be allowed to apply for road trials.Chinese authorities have been aggressively greenlighting trials for self-driving technology with at least 19 cities conducting robotaxi and robobus tests China's...
Airlines to mandatorily share int’l passenger data with customs from Apr 1
Details ranging from mobile number, and payment mode to travel itinerary need to be shared with the authorities 24 hours before the departure of an international flight New Delhi: Airlines will have to mandatorily share details of foreign travellers with the Indian...
Prospects of economy expected to improve in 2025: RBI Governor
"We continue to secure and anchor public trust and confidence to support India’s aspirational goals. We remain committed to developing a modern financial system that is customer-centric, technologically leveraged and financially inclusive," the new RBI Governor Sanjay...
Health insurers disallowed claims worth Rs 15,100 cr during FY24
Insurers repudiated claims amounting to Rs 10,937.18 crore (9.34 per cent) while outstanding claims totalled Rs 7,584.57 crore (6.48 per cent), said the annual report 2023-24 of Insurance Regulatory and Development Authority of India New Delhi: Health insurers...
Labour reforms, focus on informal workers, other policies on cards in 2025
The four labour codes on social security, industrial relations, wages, and Occupational Safety Health & Working Conditions (OSH) were passed by Parliament. These can be implemented across the country only when the Centre and states notify the respective rules...
High employee attrition of 25% in private banks pose operational risk: RBI
"High attrition and employee turnover rate pose significant operational risks, including disruption in customer services, besides leading to loss of institutional knowledge and increased recruitment costs. In various interactions with banks, the Reserve Bank has...
Climate change risks impacting financial system, need India-specific data: RBI’s Dy Gov
“Over the last few years, we have taken several incremental measures in this direction. It started with the setting up a dedicated group within the Bank to assess climate change risks and foster a robust ecosystem for sustainable finance,” said Reserve Bank of India...
111 drug samples tested in November found ‘not of standard quality’
Besides, 70 drug samples tested by the state drugs testing laboratories have also been identified as NSQ in November, they official sources said New Delhi: Central Drugs Standard Control Organisation (CDSCO) has found 41 drug samples tested in the central drug...
Micro insurance premium in life segment rises 24% to Rs 10,000 crore in FY24
The number of persons covered under the scheme stood at 178.39 million New Delhi/Hyderabad: The micro-insurance premiums in the life insurance sector in the country has surpassed Rs 10,000 crore for the first time in FY24, according to industry data. The number of...