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Gujarat:Ex-insurance surveyor, three others sentenced to 3 years RI in fake claims cases
In the first case, the accused entered into a criminal conspiracy between 2002 and 2003, submitting forged documents on behalf of Vadodara-based M/s Sonu Communications to claim Rs 11.52 lakh, while in the second instance, they used a similar ruse for M/s M.D. Patel...
PMJJBY,PMSBY settle claims worth Rs25,160 cr since their launch in 2015
Nirmala Sitharaman,Finance Minister Citing data on the 11th anniversaries of the Jan Suraksha Schemes, Finance Minister Nirmala Sitharaman said that over 27 crore, 58 crore and 9 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively. New...
Pradhan Mantri Suraksha Bima Yojana̤:Expanding financial safety net nationwide
New India Assurance(NIA) has established tie-ups with 316 banks,actively servicing around 8 crore account holders under the scheme in the financial year 2025-26 alone. This massive outreach has resulted in a total underwritten premium of approximately Rs.158 crores...
Labour reforms:Govt fully operationalises four new codes by publishing rules
The codification of 29 existing labour laws into the four labour codes was undertaken to address long-standing challenges and make the system more efficient and contemporary.The codification aims to enhance ease of doing business, promote employment generation, ensure...
Transparency in claim settlement central to building trust among empanelled hospitals for AB PM-JAY:NHA CEO
Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority, Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority, noted that India is among the first countries in the Global South to establish such a platform for validating AI solutions...
Air India Dreamliner crash is in final stage, report due in a month: Ram Mohan Naidu
"It has been almost a year, and the investigation is still being carried out very thoroughly. We need to understand one thing, whenever such an investigation takes place especially involving an international flight with foreign nationals on board, the final report can...
Asia heatwaves compound economic strain amid oil shock
“Food inflation in Asia is set to rise in 2026,” said Adam Ahmad Samdin at Oxford Economics. “The combination of geopolitical risks, fertiliser market disruptions, and climate uncertainty suggests that overall food inflation risks are likely to remain elevated over...
Hantavirus Cruise outbreak poses low pandemic risk
Tedros Adhanom Ghebreyesus,Director-General,WHO The outbreak has triggered an international response and grabbed global headlines in an echo of the last pandemic, when cruise ships became symbols of how swiftly a pathogen could move through a confined space. Still,...
Sabotage,Cyber threats rattle Europe’s power grid
Under the EU’s new defense spending ambitions, about €250 billion is intended for areas like cybersecurity and critical infrastructure, according to lobby group Eurelectric. It wants some of that pot allocated to energy safety and protection. The helicopter flying...
Hormuz Strait shuts after US-Iran clashes
President Donald Trump again threatened more intense strikes if Iran refuses his terms. Tehran responded, saying on X that the continued hostile action against Iran “highlights the confusion and inability of the ruling authorities in the United States to properly...
Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push
R. Doraiswamy, CEO and MD, Life Insurance Corporation Many families remain unaware of Pradhan Mantri Jeevan Jyoti Bima Yojana or that premiums were paid for deceased members, with no physical policy document issued.In the absence of a nominee, families must undergo...
Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report
According to the report, insurers that combine reusable AI capabilities with strong governance and platform discipline can accelerate the decommissioning of legacy systems while maintaining operational control. Agentic AI presents an opportunity to fundamentally...
Govt exploring fractional aircraft ownership policy, considering aircraft as infrastructure assets: Civil Aviation Minister
Ram Mohan Naidu,Union Civil Aviation Minister Addressing the India Aircraft Leasing and Financing Summit 2.0 at GIFT City in Gandhinagar, the minister said the Ministry of Civil Aviation is engaging with the Ministry of Finance to develop forward-looking aviation...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re
AI-focused companies dominated the quarter, accounting for 95.2% of total funding — a record share. These firms raised USD 1.55 billion across 68 deals, with all of the ten largest funding rounds going to AI-led businesses. Global InsurTech funding remained resilient...
Financial Stability Risks:Artificial Intelligence fuelling Cyberattacks
Anthropic’s Claude Mythos Preview highlights rapidly escalating AI-driven cyber risks, with the model able to identify and exploit vulnerabilities across major systems even in non-expert hands.This signals how quickly such threats could extend beyond technology and...
Time for greater workforce formalisation, expansion of social security coverage:SBI report
Punjab records the highest share of informal workers at 82 per cent, followed by Uttar Pradesh and Bihar at 81 per cent each.Rajasthan, Chhattisgarh, Andhra Pradesh and Madhya Pradesh also exhibit high levels of informal employment, with nearly 74 per cent of workers...
Iran accuses US of violating ceasefire with new attacks
The U.S. targeted "an Iranian oil tanker traveling from Iran's coastal waters near Jask toward the Strait of Hormuz, as well as another vessel entering the Strait of Hormuz near the Emirati port of Fujairah," a spokesperson for Iran's Khatam al-Anbiya Central...
Countries scramble to track virus-affected cruise passengers
In total, five people are confirmed to have contracted the virus, with another three suspected cases, the World Health Organization said. Hantavirus is usually spread by rodents but can in rare cases be transmitted person-to-person. AMSTERDAM/GENEVA:Countries...