Jobs in line as IRDAI commission caps force insurance brokers to rethink models
Facing new commission regulations from the IRDAI, insurance brokers, including Quickinsure, are tweaking their business approaches. This pivot might cause a staggering loss of over 100,000 jobs as the industry reduces reliance on fixed sales teams. Brokers are expected to embrace more flexible cost structures and optimize sales output. Unfortunately, smaller brokers lack the established […]
Rupee breaches 96 per dollar as oil surge stokes pressure; RBI intervention limits fall
The Indian rupee breached the 96-per-dollar mark for the first time since July as surging crude oil prices and a firm dollar weighed on the currency. RBI intervention helped the rupee recover and close at 95.98, but economists expect gradual depreciation over the longer term amid persistent external pressures.