Irdai plan to help check mis-selling, raise returns
https://timesofindia.indiatimes.com/business/india-business/irdai-plan-to-help-check-mis-selling-raise-returns/articleshow/134650814.cms
https://timesofindia.indiatimes.com/business/india-business/irdai-plan-to-help-check-mis-selling-raise-returns/articleshow/134650814.cms
Irdai has introduced proposed guidelines aimed at reshaping the commission and expense structures for insurance distribution. This shift focuses on reducing reliance on high commission models, favoring a more customer-oriented strategy. Key proposals include imposing limits on commissions for products and introducing remuneration based on distributors' efforts. This pivotal change could greatly affect brokers and online platforms, with shares already experiencing a decline.
G7’s 100-million-barrel diesel fix: What happens after the emergency release
https://timesofindia.indiatimes.com/business/international-business/g7s-100-million-barrel-diesel-fix-what-happens-after-the-emergency-release/articleshow/134651312.cms
https://timesofindia.indiatimes.com/business/international-business/g7s-100-million-barrel-diesel-fix-what-happens-after-the-emergency-release/articleshow/134651312.cms
The G7 announced an urgent release of 100 million barrels of oil and fuel products to counteract the ongoing diesel shortages, starting now and extending over the upcoming four months. Yet, experts warn that this withdrawal from emergency reserves could jeopardize future preparedness. Additionally, with supply routes still facing disruptions from geopolitical issues, the overall impact on fuel pricing and market dynamics remains ambiguous.
UPI transactions rise 27% to 145 billion in H1 FY27 ahead of new MDR
https://timesofindia.indiatimes.com/business/india-business/upi-transactions-rise-27-to-145-billion-in-h1-fy27-ahead-of-new-mdr/articleshow/134651885.cms
https://timesofindia.indiatimes.com/business/india-business/upi-transactions-rise-27-to-145-billion-in-h1-fy27-ahead-of-new-mdr/articleshow/134651885.cms
UPI has recorded significant transaction growth, processing 145 billion transactions in the first half of the financial year. The value of these transactions increased to Rs 177 lakh crore, reflecting a notable rise. A new merchant discount rate will be introduced on October 15, applying to high-value UPI transactions. Most everyday merchant transactions will remain free, with certain services facing a flat fee structure.
'Oil's' well in September: How India kept crude flowing amid the energy crisis
https://timesofindia.indiatimes.com/business/india-business/oils-well-in-september-how-india-kept-crude-flowing-amid-the-energy-crisis/articleshow/134652181.cms
https://timesofindia.indiatimes.com/business/india-business/oils-well-in-september-how-india-kept-crude-flowing-amid-the-energy-crisis/articleshow/134652181.cms
September marked a significant high in India's crude oil imports, mainly spurred by boosted supplies from Gulf nations. The reintroduction of Iraqi and Kuwaiti crude has notably changed the dynamics of India's import sources, ensuring better supply availability. This surge assists Indian refiners in reducing their dependency on Russian oil amidst global pressure.
Goyal pitches India as global trade hub, eyes 75-80% of world economy
https://timesofindia.indiatimes.com/business/india-business/goyal-pitches-india-as-global-trade-hub-eyes-75-80-of-world-economy/articleshow/134653607.cms
https://timesofindia.indiatimes.com/business/india-business/goyal-pitches-india-as-global-trade-hub-eyes-75-80-of-world-economy/articleshow/134653607.cms
India is actively pursuing free trade agreements with 31 nations to boost its global trade ties. Commerce Minister Piyush Goyal underscored the possibility of achieving a $30 trillion economy by 2047. He pointed out significant opportunities for both American and Indian-American entrepreneurs to engage in this economic growth. In Chicago, Goyal held talks with U.S.
Rangpo-Gangtok rail link plan: Railways fast-tracks 34-km capital line
https://timesofindia.indiatimes.com/business/india-business/railways-fast-tracks-gangtok-link-as-sivok-rangpo-nears-completion/articleshow/134654426.cms
https://timesofindia.indiatimes.com/business/india-business/railways-fast-tracks-gangtok-link-as-sivok-rangpo-nears-completion/articleshow/134654426.cms
Today’s resilience no guarantee for tomorrow: RBI Guv flags emerging financial risks
https://timesofindia.indiatimes.com/business/india-business/todays-resilience-no-guarantee-for-tomorrow-rbi-guv-flags-emerging-financial-risks/articleshow/134655454.cms
https://timesofindia.indiatimes.com/business/india-business/todays-resilience-no-guarantee-for-tomorrow-rbi-guv-flags-emerging-financial-risks/articleshow/134655454.cms
During the Kautilya Economic Conclave, Reserve Bank governor Sanjay Malhotra emphasized the critical need for a resilient financial infrastructure. He pointed out the significance of monitoring new vulnerabilities to ensure the system can withstand diverse shocks. Malhotra acknowledged that systemic risks are now more global and interconnected, leading to unique challenges.