Irdai fines Reliance General Insurance over ‘commission’

MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions. The penalty follows Irdai’s examination of transactions across FY19, FY20 and FY21. According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed…

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‘Anti-labour, pro-crony’ codes pose threat to job security: Kharge | India News

Rajya Sabha LoP Mallikarjun Kharge (PTI photo) NEW DELHI: The joint opposition Wednesday protested at the Parliament entrance against new labour codes and demanded their scrapping, with Congress president and leader of opposition in Rajya Sabha Mallikarjun Kharge targeting the Modi govt as “anti-labour, anti-worker, pro-cronies”.Kharge said the codes pose a “threat to job security”…

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Brazilian President dials PM Modi: Reaffirm India-Brazil partnership; discuss global issues | India News

NEW DELHI: Prime Minister Narendra on Thursday had a telephonic exchange with Brazilian President Luiz Inacia Lula De Silva.According to a statement by the ministry of external affairs, both the leaders reaffirmed their commitments to strengthen India-Brazil strategic partnership“Prime Minister Narendra Modi received a telephone call today from the President of Brazil, Luiz Inácio Lula…

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Liberia-flagged tanker ‘Shenlong’ carrying Saudi crude enters India via Strait of Hormuz | India News

NEW DELHI: A crude oil tanker that passed through the Strait of Hormuz has arrived at Mumbai Port, becoming one of the first vessels to reach India via the critical route amid escalating tensions in the Middle East. According to the Mumbai Port Trust, the Liberia-flagged tanker Shenlong Suezmax, captained by an Indian national and…

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