Latest News, Updates & Breaking Headlines
MUMBAI: The insurance sector is expected to see significant investments with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, to be introduced by the government in the winter session of Parliament.The Bill seeks to enable 100% FDI in insurance and allows Irdai, the regulator, to issue sector-specific licences, permitting new insurers to…
The Union Cabinet has approved the Viksit Bharat Shiksha Adhikshan Bill, aiming to consolidate higher education regulation under a single authority, excluding medical and legal fields. This move seeks to simplify governance and enhance academic quality. Meanwhile, a parliamentary committee will question IndiGo, DGCA, and ministry officials regarding recent flight cancellations and pilot rest rule…
MUMBAI: The Cayman Islands, one of the biggest financing hubs for investing globally, has offered to sign memorandum of understanding (MoUs) with markets regulator Sebi and also with the regulator for India’s finance hub GIFT City. The MoUs will facilitate transparent exchange of information between the regulators, André M Ebanks, Premier, the Cayman Islands, said…
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) is closely examining the shortfall in the settlement of health insurance claims, even as over half of the complaints received under the insurance ombudsman system relate to health policies.At the Bima Lokpal Day event on Tuesday, Irdai chairman Ajay Seth said, “In health insurance, we…
Markets regulator Sebi on Thursday issued fresh guidelines directing stock exchanges to realign eligibility norms and composition criteria for derivatives on non-benchmark indices such as Bankex, FinNifty, and BankNifty.According to the circular, exchanges will need to revise the composition and weights of these indices within specified timelines, PTI reported. The adjustment for Bankex and FinNifty…
BHOPAL: After the death of 23 children in Madhya Pradesh, including 20 from Chhindwara, following the consumption of Coldrif, a cough syrup laced with the killer chemical diethylene glycol (DEG), Drugs Controller General of India (DCGI) Friday made it mandatory to test for both DEG and ethylene glycol (EG) in all raw materials and finished…
The Securities and Exchange Board of India (Sebi) has leased a luxury apartment in Mumbai’s upscale Prabhadevi locality for its chairman at a monthly rent of Rs 7 lakh. The apartment will house Sebi Chairman Tuhin Kanta Pandey, who took charge on March 1 this year.According to Sebi, the arrangement follows its existing policy. “Sebi…
