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 ministry of external affairs said the official has been given 24 hours to leave the country.
The committee formed under the Life Insurance Council to review the commission structure in the life insurance sector has recommended capping distributor commissions or deferring them to ease acquisition costs. The recommendations will be sent to the insurance regulator -- Insurance Regulatory and Development Authority of India (Irdai).
India has decided to withdraw the families of Indian officials posted in Bangladesh due to security concerns ahead of parliamentary elections. The move comes as a precautionary measure given the increasing activities of extremist elements in the country.
Bangladesh has suspended visa services in its high commission in New Delhi and its mission in Tripura following protests. The decision comes amid rising tensions and unrest in Bangladesh, with some protesters targeting India.
India has called on Bangladesh to conduct a thorough investigation into the death of Bangladeshi student leader Sharif Osman Hadi, amid rising tensions between the two countries following protests and incidents at diplomatic missions.
India's former high commissioner to the UK, Yashvardhan Kumar Sinha, has denied any connection to controversial financier Jeffrey Epstein after social media posts linked Epstein to someone with similar initials.
India has dismissed media reports in Bangladesh that a demonstration outside Bangladesh's mission in New Delhi against the killing of a Hindu man in that country attempted to create a security situation.
"The security arrangements outside the British High Commission here are intact. However, barricades placed on the pathway towards the Commission that created hurdles for commutation have been removed," a senior police officer told PTI.
'It is best to remain vigilant. Tarique Rahman arranged arms smuggling to Indian insurgent groups.' 'He has criticised India for sheltering Sheikh Hasina, but has also sought India's support.'
The Bangladesh Foreign Ministry condemned the violence, citing threats to diplomatic personnel and establishments, and urged India to ensure their safety and security.
The ICC, which is overseeing the coordination process, has remained in constant communication with Indian High Commissions in multiple cities across continents.
The last time an Indian Davis Cup team travelled to Pakistan was way back in 1964.
'We welcome everyone to India, but whether they (Bangladesh) want to come here or not is their choice.'
India and the European Union have finalized a comprehensive mobility pact that will create new opportunities for Indian students and professionals in Europe. The agreement was reached during summit talks between Prime Minister Narendra Modi and top EU officials.
India has suspended visa operations at its application center in Chittagong, Bangladesh, following heightened tensions and protests after the death of a student leader.
Security was increased outside the Bangladesh High Commission in Delhi due to a planned protest by the VHP and Bajrang Dal regarding attacks on Hindus in Bangladesh.
India's state-level fiscal rules have improved headline deficits, but the gains are fragile and uneven with major states still grappling with high debt levels, a World Bank report submitted to the 16th Finance Commission (FC) said. According to the report, despite nearly two decades of adoption of fiscal responsibility laws (FRLs), debt levels have not converged.
'Trump says India will buy over $500 billion of US goods.' 'At present, India's annual imports of goods and energy from the US are under $50 billion.' 'Reaching $500 billion would likely require more than 20 years, suggesting the figure refers to a long-term aspiration rather than a near-term commitment.'
'The BNP's election manifesto lists grievances against India, mirroring the attitude of past BNP governments.' 'Political parties have been careful not to say bad things about China.'
If Xi Jinping can establish control over the PLA Ground Force, relations between India and China will settle down to an even keel. The next few weeks will show whether Xi has finally succeeded in gaining control over the PLA Ground Force. That could bring about the substantive shift in India-China relations that both our leaders have been working for, observes Ambassador Prabhat Shukla.
'It's a lifetime opportunity to cook for the most high-profile table of India. It's a matter of honour for me.'
Security has been strengthened at the Indian Assistant High Commission office and the visa application centre in Bangladesh's Sylhet city in the wake of heightened tensions following the death of prominent youth leader Sharif Osman Hadi, officials said on Saturday.
Bangladesh will not play their T20 World Cup matches in India after Mustafizur Rahman was released by Kolkata Knight Riders amid growing tensions between the countries, Bangladesh's sports adviser Asif Nazrul said on Sunday.
Modi urged the youngsters to celebrate when they or a person around them becomes a voter for the first time.
India is strengthening the naval component of its nuclear triad with Navy Chief Admiral Dinesh K Tripathi on Tuesday saying that the third indigenous nuclear-powered submarine 'Aridaman' will be commissioned soon and that his force is focusing on boosting its overall combat prowess.
Over the years, India-EU ties have grown, and covered trade, investment, climate change, science and technology, space, digital, mobility, and connectivity.
Both India and the EU are likely to announce a conclusion of trade talks on January 27.
The interim government of Bangladesh has recalled its High Commissioner to India, M Riaz Hamidullah, to Dhaka for consultations amid tensions in bilateral relations between the two countries, Prothom Alo reported, citing diplomatic sources.
Finance Minister Nirmala Sitharaman launched a strong attack on Rahul Gandhi and the Congress party, accusing them of compromising India's interests on the world stage and selling out farmers and the poor during their time in power.
China has commissioned its third aircraft carrier, the Fujian, featuring advanced electromagnetic catapults, amidst rising tensions and military modernization efforts.
The Competition Commission of India, following its preliminary inquiry, said the airline appeared to have caused an appreciable adverse effect on competition by restricting its services.
Governments should move away from universal subsidies towards tightly targeted transfers, backed by stricter eligibility norms, sunset clauses and periodic audits to curb leakages and improve spending efficiency, a joint study by Asian Development Bank and PwC has recommended.
Sri City in Andhra Pradesh is dubbed the "Cooling City" of India, accounting for nearly 40 per cent of the air conditioners (ACs) manufactured in the country. On Tuesday, this industrial hub added one more feather to its cooling credentials. Carrier Air Conditioning and Refrigeration Ltd, the Indian arm of the oldest AC company in the world, Carrier Global, signed a deal to invest around ~1,000 crore for a new manufacturing unit at Sri City.
Despite Pakistan deciding to boycott their group stage T20 World Cup clash against India on February 15, Board of Control for Cricket in India (BCCI) sources have said that that the Men in Blue will travel to Sri Lanka for the match as per ICC protocol and wait for the match referee to call off the match.
The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from January 1, a move that will impact the country's shipment to the 27-nation bloc. The development is important as the two sides are likely to announce the closure of negotiations for a free tarde agreement (FTA) on January 27.
India and the European Union are set to announce on January 27 the conclusion of negotiations and finalisation of a free trade agreement, which is aimed at boosting economic ties between the two regions amid disruptions in global trade due to US tariffs, an official said.
Bangladesh is set to hold parliamentary elections with unprecedented security measures in place, following a period of interim governance and political changes.
India has refuted Pakistan's allegation that it denied permission to use Indian airspace for sending humanitarian aid to cyclone-hit Sri Lanka, calling the claim 'ridiculous'.
European Commission President Ursula von der Leyen wore stunning Banarasi during her India visit. See how fashion became smart diplomacy.
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