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1. Irdai asks state-run insurers to account for wage costs annually

Irdai asks state-run insurers to account for wage costs annually - Regulators - 1 min read Irdai asks state-run insurers to account for wage costs annually Irdai has implemented a new requirement for

Irdai asks state-run insurers to account for wage costs annually

Irdai asks state-run insurers to account for wage costs annually - Regulators - 1 min read Irdai asks state-run insurers to account for wage costs annually Irdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financial repercussions of periodic wage negotiations. Insurers are now obliged to evaluate the sufficiency of these provisions quarterly after obligations become clear. The government has ruled out options for additional capital, instead banking on solvency improvements from IFRS 17 and stakes in the NSE. The Insurance Regulatory and Development Authority of India (Irdai) has directed state-owned general insurers to make annual provisions for future wage revisions instead of recognising the liability once every five years, people familiar with the matter told ET. Distributed provisioning is aimed at easing the impact of periodic wage settlements on their balance sheets, said the people aware of the regulatory directive. The regulator has also asked insurers to review the adequacy of these provisions every quarter after the wage revision obligation crystallises, the people said. The directive comes as the government has ruled out fresh capital infusion into three public sector general insurers despite their weak solvency. Instead, improvements in solvency are expected to come from the implementation of IFRS 17 accounting standards and gains from the monetisation and revaluation of their holdings in the National Stock Exchange (NSE), the people said.

2. FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims

FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims - Regulators - 2 min read FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims Food regulat

FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims

FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims - Regulators - 2 min read FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims Food regulator FSSAI has issued notices to three companies for labelling violations. Lotte India faced action for non-compliant labels and misleading vegetarian claims. Kubera Foods received a notice for false claims on its cream bun product. Ferns N Petals was also cited for misleading claims on its chocolate. These actions aim to protect consumer interests and ensure fair practices. New Delhi, Food regulator FSSAI has issued notices to Lotte India, Ferns N Petals and Kubera Foods for misleading claims and violation of labelling norms on their various food products. In a social media post on Instagram, FSSAI said these companies have been directed to explain within 7 days as to why action should not be initiated against them under the provisions of the FSS Act, 2006. Food Safety Standards Authority of India (FSSAI) has issued notice to Lotte India Corporation Pvt Ltd "over utilisation of non-compliant pre-printed labels and misleading labelling claims on various food products." FSSAI observed several instances of non-compliance by Lotte India.

3. French antitrust watchdog orders Meta to resume talks with media groups over publishing fees

French antitrust watchdog orders Meta to resume talks with media groups over publishing fees - International - 2 min read French antitrust watchdog orders Meta to resume talks with media groups over p

French antitrust watchdog orders Meta to resume talks with media groups over publishing fees

French antitrust watchdog orders Meta to resume talks with media groups over publishing fees - International - 2 min read French antitrust watchdog orders Meta to resume talks with media groups over publishing fees FRANCE-META-French antitrust watchdog orders Meta to resume talks with media groups over publishing fees By Forrest Crellin PARIS, - France's competition authority on Wednesday ordered Meta Platforms to put forward a payment plan and resume talks with French media groups that are seeking a year of unpaid fees for the use of their content online. The case is one of a growing number between publishers and tech companies over the use of content published on social media or used for AI training that have triggered litigation. Lodged by French media associations DVP and APIG, the French complaint alleged that Meta attempted to impose its own method for calculating fees for the re-use of published content on its services, while refusing to provide the information needed for them to evaluate the remuneration. In a statement, Meta said it disagreed with the competition authority's decisions but would engage with the process. "We remain committed to reaching a fair deal with DVP and APIG and we hope these decisions will mean the publishers now engage in good faith," it said in an emailed statement. Media rights group DVP, which includes the newspapers Le Monde and Les Echos, said it was satisfied with the decision and welcomed the renewed talks. At the heart of the dispute are "neighbouring rights," which in the European Union allow print media to seek payment for the digital use of their content. France has sought to strictly enforce the EU rules, resulting in large fines in recent years for tech companies, particularly Alphabet's Google.

4. Tata AIG rejects mediclaim saying policyholder hid a disease: Court says 'insurance companies are only interested in premiums'; orders insurer to pay over Rs 60K

Tata AIG rejects mediclaim saying policyholder hid a disease: Court says 'insurance companies are only interested in premiums'; orders insurer to pay over Rs 60K The District Consumer Disputes Redress

Tata AIG rejects mediclaim saying policyholder hid a disease: Court says 'insurance companies are only interested in premiums'; orders insurer to pay over Rs 60K

Tata AIG rejects mediclaim saying policyholder hid a disease: Court says 'insurance companies are only interested in premiums'; orders insurer to pay over Rs 60K The District Consumer Disputes Redressal Commission (DCDRC), Karnal, Haryana, has directed Tata AIG General Insurance Company Ltd. to reimburse a policyholder's rejected mediclaim, holding that the insurer failed to prove its allegation that the customer had concealed a pre-existing illness while purchasing the policy. In its order dated June 23, 2026, the commission directed Tata AIG to pay Rs 40,246 towards the medical claim along with 9% annual interest from the date of repudiation and Rs 20,000 as compensation for mental agony, harassment and litigation expenses. While deciding the case, the commission also made strong observations against insurance companies, stating that many insurers appear to be "only interested in earning the premiums" while forcing policyholders to fight lengthy legal battles to obtain genuine claims. According to the complaint, Bhag Singh, a resident of Karnal district in Haryana, had purchased a Group Medicare Health Insurance Policy from Tata AIG through Axis Bank on January 7, 2020, with a sum insured of Rs 5 lakh after paying a premium of Rs 7,605. The policy was later renewed for the period between January 7, 2022 and January 6, 2023.On August 5, 2022, Bhag Singh allegedly slipped and fell on the stairs of his house around 10 am, suffering multiple serious injuries to his right leg and knee. Ltd., Karnal, where doctors operated on his injured leg. According to the complaint, he spent nearly Rs 45,000 on surgery, hospitalisation and other medical expenses. After being discharged, Bhag Singh submitted all the required documents to Tata AIG seeking reimbursement under his health insurance policy.

5. 'Chor, chor': Eggs thrown, BJP, TMC workers clash at Mamata's rally in Bengal; watch

'Chor, chor': Eggs thrown, BJP, TMC workers clash at Mamata's rally in Bengal; watch Eggs were allegedly thrown at a protest march led by Mamata Banerjee in Kolkata on Wednesday, with slogans of "chor

'Chor, chor': Eggs thrown, BJP, TMC workers clash at Mamata's rally in Bengal; watch

'Chor, chor': Eggs thrown, BJP, TMC workers clash at Mamata's rally in Bengal; watch Eggs were allegedly thrown at a protest march led by Mamata Banerjee in Kolkata on Wednesday, with slogans of "chor, chor" also raised during the rally. The march, which proceeded from Ballygunge Phari to Hazra More, was organised by the Trinamool Congress to protest the alleged rape and murder of an 11-year-old girl in Baruipur. Clashes broke out between workers of the BJP and the Trinamool Congress' youth wing during the rally, prompting police to resort to a baton charge to bring the situation under control. The clashes, which erupted near the rally's starting point, continued intermittently along the nearly three-kilometre route before reaching their peak at Hazra Crossing, close to the residence of Mamata Banerjee. Police struggled to contain the violence as tensions escalated and the situation threatened to spiral out of control. Alleging that the police had failed to act impartially, Mamata Banerjee accused the force of functioning as "an arm of the BJP organisation". "The police cannot provide protection to common people and are being used to sabotage our programme," Mamata said. "Total lawlessness in Bengal; police acting as BJP workers," she added.

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