Insurance intermediaries who receive disproportionately high commissions are likely to see a decline in their payouts, post the new Insurance Amendment Bill. The new Bill gives the Insurance Regulatory & Development Authority of India (Irdai) the power to disgorge unlawful gains made by insurers and intermediaries as well as the right to limit commissions paid to intermediaries.
The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of India (Irdai), while there is ambiguity in the very definition of the insurance business, according to industry experts.
Finance Minister Nirmala Sitharaman on Monday introduced the Taxation Laws (Amendment) Bill, 2025, which aims to provide tax exemptions to subscribers of the Unified Pension Scheme.
The Rajya Sabha currently has 19 government Bills pending, with the oldest dating back to 1992. These bills cover a range of issues including population control, rent control, seed quality, migrant workers, and tribal autonomy.
Finance Minister Nirmala Sitharaman on Tuesday said that raising the FDI limit to 100 per cent in the insurance sector will help attract more capital, improve competition and increase insurance penetration by making policies more affordable.
The Supreme Court has announced it will begin final hearings on May 5 regarding the constitutional validity of the Citizenship (Amendment) Act, 2019 (CAA), with over 200 petitions challenging the law.
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
President Droupadi Murmu has withheld assent to three amendment Bills passed by the West Bengal Assembly, which sought to replace the governor with the chief minister as chancellor of state-run universities.
The Karnataka cabinet has approved eight draft bills, including those addressing hate speech, cattle slaughter, and social boycott, to be tabled in the upcoming legislative session.
'Of course, we are secular. Three of our Hindu brothers have won seats from our party. Tell me where AIMIM has managed that.'
Ajit Pawar became a ray of hope for Muslims, the only man in power who could resolve their grievances.
Finance Minister Nirmala Sitharaman on Monday introduced two bills in the Lok Sabha to levy excise duty on tobacco and tobacco products, and a new cess on manufacturing of pan masala, which will replace the GST compensation cess on such sin goods.
The Insolvency and Bankruptcy Code (IBC) Amendment Bill 2025 has failed to introduce specific timelines for the National Company Law Appellate Tribunal (NCLAT) to dispose of appeals, the select committee on the IBC Bill has said in its report.
President Droupadi Murmu has given her assent to the Waqf (Amendment) Bill, 2025, which has sparked controversy and legal challenges. The Bill, passed by Parliament after heated debates, has been criticized by opposition parties as "anti-Muslim" and "unconstitutional". The government, however, maintains that the reform will benefit the Muslim community. Several petitions have been filed in the Supreme Court challenging the constitutional validity of the Bill, alleging discrimination against Muslims and undermining their religious autonomy. The Bill repeals the Mussalman Wakf Act, 1923, and introduces restrictions on Waqf properties and their management, which have raised concerns about the impact on the Muslim community.
A leading Catholic Church daily in Kerala has described the Waqf amendment bill as a crucial test of secularism in Parliament, urging MPs to support it. The editorial in Deepika daily comes as the union government prepares to table the bill for parliamentary consideration. The editorial calls the bill a test of secularism and warns MPs that failing to support it would mark them in history as endorsing religious fundamentalism. The paper added that the bill will also put an end to the injustices faced by thousands of Hindu, Christian, and Muslim citizens who have suffered due to the Waqf law. The editorial also recalled the recent statement addressed to Kerala MPs by Kerala Catholic Bishops' Council (KCBC) where the KCBC President Cardinal Mar Baselios Cleemis Catholicos urged amending provisions in the Waqf law that validate claims over land which people of Munambam have lawfully possessed. Opposition parties have slammed the bill as "unconstitutional" and against the interest of the Muslim community.
The International Monetary Fund, in its report on the Indian economy, said the Insolvency and Bankruptcy Code (IBC) Amendment Bill addresses many deficiencies but it has not provided for the participation of operational creditors or rules for executory contracts. The IMF staff report said that the business dynamism in India remains relatively low, marked by low rates of entry and exit, and a high share of inactive or inefficient firms reflecting structural rigidities and high compliance levels.
The winter session of Parliament is set to begin with the government prioritizing its reforms agenda, including a bill to open the civil nuclear sector to private players. The opposition is expected to raise concerns about electoral roll revisions and air pollution.
Various stakeholders told the committee that there is a need for expanding judicial capacity or restructuring the adjudicatory process by increasing the number of benches and also enhancing financial allocation for improvement of infrastructure.
Pakistan on Saturday brought in a Constitutional amendment to create a new post of chief of defence forces to ensure greater coordination and unified command among the three services.
Estranged TMC MLA Humayun Kabir's plan to build a mosque modeled on the Babri Masjid in Murshidabad has sparked a political firestorm in West Bengal, with accusations and warnings escalating tensions ahead of state elections.
The Monsoon session of Parliament saw the passage of several key bills in both the Lok Sabha and Rajya Sabha, despite repeated disruptions and adjournments.
The Centre's move on Chandigarh has raised the hackles of various parties in Punjab, with Aam Aadmi Party national convener Arvind Kejriwal terming it as a "direct attack" on Punjab's identity and constitutional rights.
The ambitious proposal by the power ministry to allow network sharing between distribution licensees operating in the same geographical area will face three key challenges, said a former bureaucrat.
The idea is to establish a robust and forward-looking legal framework that addresses the financial stress of power distribution companies, which are facing losses of over 6.9 trillion, while curbing high industrial tariffs that, according to the government, have affected competitiveness, constrained economic growth, and slowed the transition to clean energy.
The government plans to introduce three bills in Parliament to address the removal of a prime minister, Union minister, chief minister, or minister of a Union Territory when arrested or detained on serious criminal charges.
The Supreme Court has sought the Centre's response on a plea seeking the implementation of the 2023 Nari Shakti Vandan Act, which reserves one-third of seats for women in the Lok Sabha and state assemblies.
'Anyone they don't like can be potentially arrested and thrown in jail for 30 days to induce regime change.'
Union Minister Amit Shah on Wednesday introduced three Bills in Lok Sabha for the removal of prime minister, chief ministers and ministers arrested on serious criminal charges for 30 days, drawing fierce protests from the Opposition as the draft laws were referred to a Joint Committee of Parliament. Three House marshals formed a protective ring around Shah. Even after the House was adjourned, the Opposition members continued with the sloganeering.
Union Home Minister Amit Shah introduced bills in Lok Sabha addressing the removal of arrested PMs, CMs, and ministers, sparking opposition protests. Shah emphasized the need for public decision on whether leaders should govern from jail, criticizing the Congress party's stance on the matter.
The Lok Sabha witnessed chaotic scenes as opposition members protested the introduction of three draft laws, leading to torn bills, sloganeering, and adjournments.
46 per cent of MPs facing criminal charges and 31 per cent serious cases.
'Only because of the absence of a dedication record in writing, how can such properties be treated as located on misappropriated government land?'
The National Sports Governance Bill was on Tuesday passed by the Parliament with Rajya Sabha giving its nod a mere 24 hours after Lok Sabha.
'Non-BJP state governments and their leaders, navigating today's political landscape, know well they have no clue what awaits around the corner.' 'The chances of charges pressed and oneself getting parked in custody play out on an uneven playing field,' points out Shyam G Menon.
The Supreme Court is scheduled to pronounce interim orders on key issues related to the Waqf (Amendment) Act, 2025, including the power to denotify waqf properties.
Rijiju also hit out at Congress leader Rahul Gandhi, saying that his own party MPs "get uncomfortable" when he speaks in Parliament and are apprehensive that he will do "anap-shanap baatein" and the party will have to bear the consequences.
Sports Minister Mansukh Mandaviya said the Sports Bill is a key reform aimed at building a "transparent, accountable and world-class sports ecosystem" in India.
Rajya Sabha Chair addresses the issue of expunged proceedings being shared on social media amidst ongoing stalemate between the government and opposition regarding a discussion on Special Intensive Revision (SIR) in Bihar.
India's brittle energy security is inextricably linked to two opposing paradigms - fossil fuels, and the transition to green energy. The first powers the present; the second paves the way for Viksit Bharat in 2047.
'In consultations, several stakeholders, including athlete representatives and smaller federations, highlighted that overly restrictive eligibility rules tended to entrench incumbents and limit opportunities for fresh leadership.'
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