The labour codes establish distinct definitions for 'employee' and...
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Bima Gram API to strengthen rural coverage, says insurance industry
The Bima Gram API maps postal PIN codes to Local Government...
IRDAI chairman Seth meets Indian reinsurers
Ajay Seth, chairman,IRDAI ``It was an introductory meeting and had...
Govt widens spices probe amid contamination concerns
India is the world's biggest exporter, producer and consumer of spices, and its domestic market for the products was valued at $10.44 billion in 2022, according to Zion Market Research. Beyond MDH and Everest, other major manufacturers include Madhusudan Masala, NHC...
Fight climate change with fiscal discipline
The transition to clean energy requires enormous public investment in electricity generation and distribution, in addition to the far larger expense of mitigating the damage caused by rising temperatures. Further delay will increase the public and private costs more...
Bermuda insurer credit profiles supported by BMA regulatory reforms: Fitch
The Bermuda life insurance market has grown rapidly. Assets increased to $1.1 billion as of YE2022 from $496 million in 2018, and the number of life insurance licenses increased 10% over the same period to 180. This growth has been driven by its economic-based regime,...
ED tightens grip on crypto assets, freezes Rs 90 crore in Binance, ZebPay, and WazirX
The investigation pertains to an online gaming scam app ''scam'' called 'E-Nugget' that masqueraded as a gaming platform and ''promised'' users high returns on their investments. New Delhi: The Enforcement Directorate on Tuesday said it has taken possession of funds...
IRDAI slaps a Rs 20 lakh fine against Edelweiss Tokio Life Insurance for violating shareholding norms
In an order signed by two members, BC Patnaik, Life and RK Sinha, Finance and Investment , the regulator has alleged that the insurer has carried out changes in the shareholding pattern of the joint venture, without its prior approval and also the company has not...
Focus on preventing occupational accidents, diseases: WHO
A safe and healthy working environment supports mental health, and good mental health of course enables people to work productively. Issues such as depression and anxiety are pervasive in workplaces, impacting productivity and performance. When left untreated, the...
RCap lenders urge Hinduja Group arm to resolve IRDAI’s concerns early
According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
US food regulator gathering information on Indian spices after alleged contamination
MDH and Everest spices are among the most popular in India and are also sold in Europe, Asia and North America. India's food regulator, the Food Safety and Standards Authority of India (FSSAI), is now checking the quality standards of the two companies, following the...
6th Bima Manthan: Panda and insurance CEOs brainstorm on Bima Trinity, new products and data
Debasish Panda,chairman,IRDAI The industry's preparedness for transitioning towards Risk-Based Supervision, Risk Based Capital frameworks and convergence to International Financial Reporting Standards (Ind-AS) took center stage of the latest Bima Manthan, with...
US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns
The National Highway Traffic Safety Administration closed its nearly three-year defect investigation into Autopilot, saying it found evidence that "Tesla's weak driver engagement system was not appropriate for Autopilot's permissive operating capabilities" that result...