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SEBI chief warns investors on fraudsters offering guaranteed returns
Tuhin Kanta Pandey, Chairman,SEBI "Our survey reveals that an impressive 63 per cent of Indian households, translating to 213 million households, are aware of at least one securities market product. However, our focus must be on the journey from awareness to action....
Govt considers introducing nationwide climate-linked insurance scheme
The National Disaster Management Authority, the finance ministry and GIC Re and other top reinsurers and insurers are exploring coverage options and funding mechanisms, the official added. MUMBAI: India's government has begun early-stage talks with local insurers...
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector
Nirmala Sitharaman,Union Finance Minister M. Nagaraju, Secretary, Department of Financial Services (DFS) added that unclaimed insurance proceeds stand at over Rs 13,800 crore, unclaimed balances in mutual funds amount to about Rs 3,000 crore, and unpaid dividends...
Health industry bodies welcome CGHS’ move to revise rates after 15 years
The last package was fixed in 2014, with only a minor update in 2024. This left hospitals and patients struggling for more than a decade with a gap between actual treatment costs and prescribed package rates. New Delhi: Health industry bodies have welcomed the central...
MP and TN ban sale of Coldrif syrup after nine children die of suspected renal failure in month
Taking cognisance of the infant deaths, the Union Health Ministry on Friday issued an advisory to all States and Union Territories, directing that cough and cold medications should not be prescribed to children under the age of 2 years Chennai/Bhopal: The Tamil Nadu...
Festive demand pushes auto sales in September, stronger momentum expected in October: Report
Maruti Suzuki experienced strong retail demand, with approximately 200,000 deliveries and 250,000 pending bookings New Delhi: Passenger vehicle and two-wheeler sales showed signs of revival in September 2025 as the festive season began on September 22. According to...
India advancing towards inclusive and universal social protection: Mansukh Mandaviya
“We are strengthening our social security through comprehensive policy, process, and digital reforms. India is leveraging technology to create new income opportunities and a social security net through a holistic approach that combines financial access, skilling,...
Financial dignity must be core to growth, pension planning a necessity: FM Sitharaman
L to-R M. Nagaraju, Secretary, Department of Financial Services, Nirmala Sitharaman ,Finance Minister,S. Ramann, Chairperson, PFRDA at an event to celebrate NPS Diwas 2025 in New Delhi The Finance Minister urged to train women as 'Pension Sakhis' and incentivise them...
Govt proposes to make online money game rules violation non-bailable entire company staff liable
Section 5 under the draft rules prohibits entities from offering, aiding, abetting, inducing or engaging in online money games and online money gaming services. Section 7 bars banks, financial institutions, or any other person from facilitating financial transactions...
Cough syrup row Rajasthan govt suspends drug controller, halts distribution of Kaysons Pharma drugs
This comes amid reports of deaths of 11 children, nine in Madhya Pradesh and two in Rajasthan, allegedly linked to contaminated cough syrup Jaipur: The Rajasthan government has suspended the state drug controller and halted the distribution of medicines manufactured...
Govt issues notices to 25 offshore crypto assets cos for non-compliance of money laundering law
The government has also instructed these entities to take down their applications/websites from public access in India, the finance ministry said in a statement New Delhi: Financial Intelligence Unit-India, under the finance ministry, has issued notices to 25 offshore...
National Pension System delivered over 13% annual returns in equity schemes: FM Sitharaman
The new framework gives pension funds the freedom to create their own schemes, thereby offering more flexibility and options for subscribers New Delhi: India's National Pension System (NPS) has emerged as a high-performing and cost-effective retirement planning tool,...
RBI to unveil risk-based deposit insurance premiums for banks: RBI Governor
``I am happy the RBI has brought changes in the existing deposit insurance scheme for the banks. The banks have been asking this for long. Paying insurance premium has become the largest overhead any bank today. SBI itself paid Rs 5400 crore of premium in FY 24-25. We...
Former IRDAI chairman Panda roped in as senior advisor to Pristyn Care
Debasish Panda, former Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) has taken on the role of Senior Advisor to Pristyn Care. Pristyn Care is a leading healthcare provider specializing in advanced secondary care surgeries through its...
9 in 10 businesses show interest in insurance cover for Gen AI risks, Geneva Association report
Insurers have a unique role to play in ensuring that Gen AI adoption is safe and sustainable' ZURICH: Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations. While this brings significant opportunities for...
CyberCube raises over $180 million from investor Spectrum Equity
Pascal Millaire, CyberCube CEO, said: “Cyber has the potential to become one of the largest lines of Property and Casualty insurance, as internet-connected technologies and artificial intelligence transform all corners of the global economy. With the additional...
Sitharaman to launch nationwide awareness campaign of unclaimed financial assets on Oct 4
Nirmala Sitharaman ,Union Minister for Finance and Corporate Affairs, Unclaimed financial assets, including insurance policy claims, bank deposits, dividends, shares, and mutual fund proceeds, often remain unclaimed due to lack of awareness or outdated account details...
Wage revision of PSU Gen Insurance Cos: Govt approves 30% family pension scheme,14% employer’s NPS contribution along with 14% wage hike
Girija Subramanian, CMD, New India Assurance and chairperson of GIPSA GIPSA chairperson Girija Subramanian, in a meeting with unions, has confirmed that the Department of Financial Services (DFS) has moved ahead with the notification with 14 per cent wage hike GIPSA...