MUMBAI: IRDAI has operationalised the Supreme Court’s directive to restructure motor insurance into four distinct sections, separating mandatory third-party liability and owner-driver personal accident cover from optional occupant liability, additional personal accident and own-damage covers. The new framework, which comes into force on Dec 15, 2026, seeks to make customers aware of what they are…

The increase in import duty has changed the cost dynamics of gold supply in India. (Image for representative purpose only) India, the world’s second-largest gold market, is seeing a significant change in the way gold enters the country. The increase in import duty from 6% to 15% has made official imports more expensive, prompting a…