The government on Thursday issued an ordinance for setting up a full-fledged Pension Fund Regulatory and Development Authority akin to Insurance Regulatory and Development Authority and Securities Exchange Board of India.
Insurance Regulatory and Development Authority (Irda) Chairman J Hari Narayan on Thursday said overall growth in the insurance business this financial year would be "encouraging".
Reeling under a series of derailments, the Budget is likely to announce creation of a separate safety fund of about Rs 1 lakh crore over the next five years.
Tamil Nadu Chief Minister J Jayalalithaa on Sunday suspended a stadium officer in Chennai for allowing a Sri Lankan football team to play a friendly tie, terming it as an insult to Tamils and directed that the team be sent back home.
Karnataka Law minister S Suresh Kumar resigned on Saturday after charges surfaced that he secured a residential site in violation of rules, but Chief Minister D V Sadananda Gowda rejected it saying there was no wrongdoing on his part.
Regulator wants all existing products to be refiled.
Aadhaar authentication is an online real-time service and only responds with a yes or no.
Top officials of the environment ministry, Delhi Development Authority and municipal commissioners also stayed away from the deliberations.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
The increase in FDI limit in the insurance sector may attract Rs 30,000 crore that the industry requires over the next five years, Insurance Regulatory and Development Authority has said.
Advait Rao Palepu reports how a recent Supreme Court order will impact motor vehicles insurance policies.
The civic body had come under severe attack in June.
The Karachi-based anti-corruption court issued warrants after Federal Investigation Agency reportedly found evidence that Gilani and his minister Faheem were involved in the Trade Development Authority of Pakistan (TDAP) corruption scandal.
Amid the ongoing controversy surrounding net asset value-guaranteed products, the Insurance Regulatory and Development Authority is standardising the method of calculating NAV under the unit-linked plans of life insurance companies.
The lease term of the Taj Palace Hotel, owned by the Indian Hotels Company, will expire on April 1, 2013, and it must settle a dispute with the Delhi Development Authority over the quantum of licence fee for a smooth renewal.
With just three days left for Anna Hazare's fast to commence, members of India Against Corruption are running from pillar to post to secure requisite clearances, reports Toral Varia Deshpande
An Aadhaar-based payment structure is likely to be outlined in this year's Budget.
However, the finance ministry is yet to apply its mind on whether to merge the interim Pension Fund Regulatory and Development Authority with Insurance Regulatory and Development Authority or have two separate regulators for pension and insurance.
It is Air India's only profitable subsidiary. In 2016-17, it clocked a profit of over Rs 33.4 crore, earning Rs 620 crore in revenues from its handling operations.
Reacting to the development, the Press Attache in Pakistan high commission in New Delhi said, "Yes the environment here is not conducive for such an event."
The United States embassy's plans to expand and construct an eight-storey building in Islamabad has been challenged in Pakistan's supreme court on Thursday by a lawyer who said the move would allow Americans to use the new structure for "spying" on the country's top leaders.
The police lodged a suo motu case against unknown persons in connection with their involvement in the mishap, a police officer said.
Insurers say they will have to study the available data to work out by how much premiums will have to go up to be able to cover mental illnesses as well
Videsh Sanchar Nigam Ltd's Chennai-Singapore submarine cable project might encounter a speed-breaker, making it difficult to meet the 2004-end deadline.
And learn what not to do from the so far jinxed Navi Mumbai International Airport.
Bollywood veteran actor Anupam Kher visited Mumbai Metropolitan Region Development Authority to express his support to Team Anna and passage of Jan Lokpal Bill. Toral Varia Deshpande speaks to Anupam Kher.
The new business premium of life insurance companies usually sees the highest growth in the March quarter.
The Bill envisages an authority to promote old-age income security by establishing, developing and regulating pension funds, to protect the interest of subscribers of pension funds.
And Sachin Tendulkar came by to cheer!
The Central Bureau of Investigation Sunday conducted searches at the residences of two close aides of former Karnataka Minister G Janardhana Reddy, who has been arrested in connection with illegal mining, and claimed to have seized several documents.
Navratri and Onam saw flat sales, but industry hopes to turn the corner with a cracker of a Diwali.
Plans with loan clause denied approval; regulatory ban coming.
Apprehending his arrest, former Karnataka chief minister B S Yeddyurappa on Tuesday filed applications in the high court, seeking bail in two cases pertaining to alleged irregularities in land denotification and an irrigation scheme. He moved his bail plea on a private complaint filed against him before Lokayukta court, alleging irregularities in denotification of land acquired by the Bangalore Development Authority.
Hazare, who reached Mumbai on Monday night from his village Ralegan Siddhi, paid respects at Mahatma Gandhi's statue in Juhu before proceeding to the fast venue, MMRDA ground, in suburban Bandra in a rally.
The security at the ground of Mumbai Metropolitan Regional Development Authority in suburban Bandra-Kurla Complex will comprise 2,000 constables, 200 sub-inspectors of police, six platoons of state reserve police force, three teams of Quick Response Team and two Bomb Detection and Disposal Squads.
Coming down heavily on Team Anna's agitation, the Bombay high court on Friday said it can't allow "parallel canvassing" when Parliament is seized with debate on Lokpal Bill and questioned its decision to seek exemption from charges to use MMRDA grounds for Anna Hazare's proposed fast.
Finance Minister Pranab Mukherjee on Monday held a meeting with senior BJP leaders L K Advani, Sushma Swaraj and Yashwant Sinha to discuss these two legislations.
Many government departments, including Mumbai Metropolitan Region Development Authority, Revenue and Forest, Brihanmumbai Municipal Commission, Home, Environment Ministry, Public Works Department and Uran Land department, were issued summons directing them to produce before the commission, all documents pertaining to the scam-hit Adarsh Society on Monday. However, except BMC, all the departments sought one week's time to submit all the files along with an index.
Foreign visitors to the world heritage site Taj Mahal will now get the facility to wrap their shoes using a machine before they enter the mausoleum.
The Insurance Regulatory and Development Authority, in a circular to insurance companies, said it had been receiving many complaints that claims were being rejected by the insurers on the ground of delayed intimation and submission of documents.
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