The wait has been long, but Prakash Sheth, 45, can now say it has been worth the wait. In a rare judgment, the chief information commissioner (CIC) awarded Rs2 lakh as compensation to Sheth, who was made to run from pillar to post to get a reply to his RTI query. He had submitted an application to the Insurance Regulatory and Development Authority (IRDA), Hyderabad, on September 29, 2009. He had sought...

Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...

HIV/AIDS screenings on job applicants and existing employees may be banned under a proposed policy that says the infection should in no way affect employment. The National Policy on HIV/AIDS and Work Place, crafted by the Union labour ministry with the International Labour Organisation’s assistance, will form part of the HIV bill being drawn up by the health ministry. The bill seeks to make employers liable for discrimination against staff with...

Indian policymakers are debating doing away with the mandatory rating of financial instruments in the long-term, among a set of measures aimed at strengthening the regulatory and disclosures regime for credit ratings. The expert group, set up by the High Level Coordination Committee on Financial Markets (HLCCFM), has made specific recommendations on improving and disclosing the way credit rating agencies rate financial instruments, and has sought debate on the very...

KEY TRENDS   • In 2017-18, 24.8 percent of rural working-age men and 74.5 percent of rural working-age (viz. 15-59 years) women were not employed. In urban areas, 25.8 percent of working-age men and 80.2 percent of working-age women were not employed AB   • Both the Periodic Labour Force Survey (PLFS) and the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy (CMIE-CPDX) report the overall unemployment rate to be around 6 per cent in 2018,...