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Mahindra & Mahindra and Canadian Manulife form 50:50 life insurance JV, To invest Rs 3,600 crore
“We can plan getting into non-life business if composite license is...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance...
SC stays notification omitting rule against misleading advertisements of Ayurvedic
Rule 170 of Drugs and Cosmetic Rules was meant to prohibit misleading advertisements of Ayurvedic, Siddha and Unani drugs. The Ministry of Ayush on July 1 by a notification, omitted the Rule 170 of 1945 rules New Delhi: The Supreme Court on Tuesday paused the Centre's...
Sept 9 GST council meet to discuss rationalisation of tax , final decision later: FM
Nirmala Sitharaman,Finance Minister "The upcoming GST Council meeting will take up the issue of rate rationalisation. There will be a discussion on the issue. Committee of officers will make a presentation on rate rationalisation," Sitharaman told New Delhi: Finance...
WHO launches global strategic preparedness & response plan to contain Mpox outbreak
The plan aims to curtail “human-to-human transmission of mpox through coordinated global, regional, and national efforts”.The plan spans the six-month starting September 2024-February 2025, and envisions a $135 million funding, the WHO said. Outside of Africa, Clade...
Australians can now ignore after-hours work calls and emails under new legislation
Under the laws, that came into effect on Monday,employers face fines of up to A$93,000 ($63,000) for getting in touch with an employee for non-essential reasons outside of working hours Australians can now legally ignore unreasonable after-hours work calls and emails...
Reliance Cap lenders raise concerns over Rs 7,300 cr debt term sheet offered by IIHL
The committee of creditors (CoC) has expressed concerns that bankers to IndusInd International Holdings Ltd (IIHL) have imposed numerous conditions for offering Rs 7,300 crore debt and some of these conditions can only be met by IIHL after the resolution plan has been...
Insurance for All by 2047: Working groups among stakeholders formed to strengthen and implement strategies, says IRDA
Participants in "Insurance for All" Vision Meet, hosted by insurance councils over two days on August 23rd and 24th, 2024, in Mumbai, explored the necessity of diversifying insurance products and providers to better reflect the diverse demographics of India. Expanding...
IRDAI forms task force to address challenges and drive growth in surety bond market
Debasish Panda, chairman, IRDAI "Surety bonds play a crucial role in supporting India's infrastructure development. By addressing the challenges and fostering collaboration, we can unlock the full potential of this valuable financial instrument. Today’s discussions...
Govt announces simplified norms for seaplane operations
The government plans to set up water aerodromes at 18 places spread across Andaman & Nicobar, Lakshadweep, Goa, Assam, Andhra Pradesh and Himachal Pradesh New Delhi: The civil aviation ministry on Thursday announced simplified regulations for seaplane operations,...
IRDAI, insurers and IIM-Kozhikode organise 3-day strategic meet in Mumbai from today
Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance...
Court not super regulator says HC on Swamy’s plea against Axis-Max transaction
In his petition, Swamy alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations New Delhi: Stating that it should not act as a...