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Govt shortlists 5 candidates for selecting a new GIC Re CMD

Govt shortlists 5 candidates for selecting a new GIC Re CMD

by AIP Online Bureau | Feb 22, 2026 | Indian News, Non-Life, Reinsurance

The officials who have been shortlisted after due delligence for the Tuesday interview are — three senior most senior officials of GIC Re-Hitesh Joshi, executive director(ED) and acting CMD,Jayshree Bala, ED, V Balkrishna, general manager and two other private...
Govt yet to take a finall call on stopping import of Russian oil

Govt yet to take a finall call on stopping import of Russian oil

by AIP Online Bureau | Feb 19, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

India’s Directorate General of Shipping has until Friday to extend the approvals of four Russian insurers, its website shows. Four other Russian ones don’t need to renew their approvals until 2029 and 2030. The Indian government must decide in the next few days...
Govt sticks to e-cigarette ban in snub for Philip Morris

Govt sticks to e-cigarette ban in snub for Philip Morris

by AIP Online Bureau | Feb 12, 2026 | Eco/Invest/Demography, Health, Indian News, Policy, Regulation

“The government of India is not considering revoking, amending or relaxing this ban. India remains committed to evidence-based tobacco control and cessation measures,” the health ministry said in response to Reuters queries about the lobbying by Philip...
Govt deliberates on roadmap for Financial Inclusion 2.0

Govt deliberates on roadmap for Financial Inclusion 2.0

by AIP Online Bureau | Feb 11, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Technology

M. Nagaraju, Secretary, Department of Financial Services Nagaraju emphasized the need for further strengthening measures for achieving goal of presence of at least one bank branch in each subdivision in the North Eastern region, enhancing insurance and pension...
Govt notifies wage revision for PSU general insurance industry

Govt notifies wage revision for PSU general insurance industry

by AIP Online Bureau | Feb 11, 2026 | Indian News, Non-Life, Policy, Reinsurance

The overall hike in wage bill will be 12.41 per cent with an increase of 14 per cent on existing basic pay and dearness alowance.A total of 43,247 PSGIC employees will benefit from this revision.The total outgo for the six companies will be to the tune of Rs 8170.30...
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