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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...
Govt targets to open more than 3 crore PMJDY accounts during current financial year: Sitharaman
"Our target is to open more than 3 crore PMJDY accounts during the current financial year. The average bank balance per account in March 2015 was Rs 1,065, which has now increased to Rs 4,352. Around 80 per cent of the accounts are active, As many as 66.6 per cent of...
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...
Pradhan Mantri Jan Dhan Yojana@10: World’s Largest Financial Inclusion Mission
PMJDY, the world’s largest successful mission has already crossed the 53 crore beneficiaries mark Through PMJDY, one can avail benefits of multiple schemes via Direct Benefit Transfer (DBT). They include Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri...
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...
Allianz Partners India and Pulse Energy announce strategic partnership to improve EV ownership
Akhil Jayaprakash, Co-founder of Pulse Energy strategic partnership(L) Charu Kaushal, managing director, Allianz Partners India(R) announced strategic partnership to provide host of services to Electric Vehicle Owners in India The association will provide a...
Peak Re appoints Swiss Re’s Peter Hämmerli as Head of Business Operations
“His deep expertise and dedication to excellence make him a perfect addition to our team as we work to strengthen our operations and provide exceptional value to our clients,” said Franz-Josef Hahn, CEO of Peak Re Zurich: Peak Reinsurance Company, a Hong Kong- based...
Sunken superyacht’s captain placed under investigation by Italian prosecutors
The British-flagged Bayesian, a 56-meter-long (184-foot) yacht, was carrying 22 people when it capsized and sank on Monday within minutes of being hit by a pre-dawn storm while anchored off northern Sicily. Italian prosecutors have placed under investigation the...
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...
Special medical stores to be opened in every tehsil for AYUSH medicines Union Minister
"Only a few AYUSH medicines are available in common medical stores, due to which patients and doctors prescribing these medicines face problems. The government wants to ensure AYUSH drugs come into the market in abundance after research. These medicines should be...
TPA Consolidation: Medi Assist to acquire Fairfax-backed Paramount Health Services & Insurance TPA for Rs 311 cr
Paramount TPA is owned by Nayan Shah family and Fairfax Asia, which had picked up 51 % in the company in 2020 With the acquisition of Paramount TPA, Medi Assist TPA market share will grow to 36.6% for the group segment and 23.6% of the health insurance industry, by...
Maharashtra govt approves UPS for its employees; gives nod to Rs 7k cr river link plan
As per the Maharashtra cabinet’s decision, UPS will be effective from March this year and will benefit all state government employees, an official said Mumbai: The Maharashtra cabinet on Sunday decided to implement for state government employees the Unified Pension...
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...
60-65 % of India’s household gold loans market still untapped, goes to unorganized market: Jefferies
Banks have traditionally dominated the organized gold loan market, holding over 75 percent of the market share. Nearly 80 percent of these are given for agricultural gold loans. In contrast, NBFCs have focused on retail gold loans against jewelry, with their share...
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...
78 % of consumers choose digital banking over cash transactions: Report
Jamie Dimon, CEO, JPMorgan Chase Banks are also feeling the heat from fintech companies like PayPal, Stripe, and Venmo. Jamie Dimon, CEO of JPMorgan Chase, has called these fintechs "enormous competitive threats" to traditional banking New Delhi: 78 percent of...
Unified Pension Scheme provides benefit of both old and new pension schemes: Govt
Government says the Unified pension scheme has the advantages of the previous old pension scheme and features of the new pension scheme. The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive...
Southeast Asia’s InsurTech sector: Needs profitability, customer-centricity and innovation
``To optimize their capabilities and sharpen their customer value proposition, InsurTech firms are exploring innovations across three areas, namely in technology, such as using AI for dynamic pricing and claims management; in product so as to serve emerging, new and...