Despite the Bill to hike FDI in the insurance sector to 100 per...
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Apollo Global Management sees potential risks in US insurers moving to Cayman Islands
Executives, regulators and experts have voiced concerns in recent...
Cabinet approves Insurance Amendment Bill for raising FDI cap to 100%, no provision for Composite license
Bill doesn't have any of the much talked about features like...
India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief
Shaktikanta Das,Governor,RBI RBI Governor Shaktikanta Das said to build a financial system that serves the broader society, it was essential to give priority to digital financial inclusion. While significant strides have been made in expanding financial inclusion, the...
California lawmakers pass AI safety bill
The bill requires developers of large "frontier" AI models to take precautions such as pre-deployment testing, simulating hacker attacks, installing cyber security safeguards, and providing protection for whistleblowers At least 40 states have introduced bills this...
Deepfake technology to be serious menace, govt should look into it: Delhi HC
“You ( Central government) will have to start working on this. You also start thinking about this. It (deepfake) is going to be a serious menace in the society,” said Acting Chief Justice Manmohan and Justice Tushar Rao Gedela New Delhi: Deepfake technology is going...
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...