ESI Act Now Applicable in 8 Districts of Nagaland
From May 1, 2025, key ESI Act provisions will be enforced in eight Nagaland districts, ensuring social security benefits for employees in the formal sector.
ESIC Declares New Holiday for Ambedkar Jayanti
ESIC issues circular declaring April 14, 2025 a holiday to mark Dr. B.R. Ambedkar’s birth anniversary, as per DoPT directive dated March 27, 2025.
IRDAI Meeting: Proposals for compliance framework
Amendments were proposed to shift towards a principle-based regulatory approach, with operational guidelines to be issued as a master circular.
SPARROW Portal Got You Stuck? Here’s the Cheat Code!
The Employees State Insurance Corporation (ESIC) has issued a new circular regarding the access of the SPARROW Portal via a new URL.
UP Enforces New Provisions of Employees State Insurance Act
The Ministry of Labour announces the enforcement of provisions of the ESI Act in selected districts of Uttar Pradesh, expanding social security benefits.
IFSCA Standing Committee to Strengthen GIFT-IFSC as Insurance Hub
The SCI is envisioned as a key advisory body, providing strategic insights and guidance on various facets of insurance and reinsurance regulation at GIFT-IFSC.
AP Exempts Tobacco Factories from ESI Act for 2025
AP exempts seasonal tobacco processing establishments from the Employees’ State Insurance Act, 1948, from July 3, 2024, to July 2, 2025, with conditions.
129th Meeting of IRDAI
The 129th meeting of the IRDAI marks a significant moment in the evolution of the Indian insurance industry. With a focus on reinsurance, future-ready initiatives, and insurance inclusion, the meeting reflected the regulator’s commitment to shaping a dynamic and sustainable insurance ecosystem. The decisions made during this meeting, particularly the registration of M/s Valueattics Reinsurance Ltd., the identification of D-SIIs, and the progress on Bima Sugam and the State Insurance Plan, signal that the Indian insurance industry is poised for continued growth and transformation. As these initiatives take shape, they will not only enhance the competitiveness of the market but also ensure that insurance becomes an accessible and essential part of the lives of all Indians.
Government Extends PMFBY & RWBCIS Until 2025-26
The government extends PMFBY and RWBCIS with Rs. 69,515 crore funding, enhancing farmer insurance support and addressing grievances for smoother implementation
ESIC Issues Suspension and Action on Substandard Drug Batch
ESIC has suspended the use of a pharmaceutical drug declared “Not of Standard Quality” and outlined immediate actions including replacement, cost recovery etc
