Policy
PAN-Aadhaar linking date extended to 31 December
New Delhi: The deadline to link the Permanent Account Number (PAN) with Aadhaar has been extended till December 31, a CBDT order said on Saturday. Earlier, the deadline was September 30. This is the seventh time that the government has extended the deadline for individuals...
Delhi Police issues 3,900 challans on first day of newly amended Motor Vehicles Act
New Delhi: The Delhi Police issued 3,900 challans, including 45 to drink and drive and 557 for dangerous driving, to traffic rule violators on the first day of the newly amended Motor Vehicles Act, which came into effect, officials said. Parliament had in July passed...
Fintech panel suggest legal framework to protect digital services consumers
New Delhi: An inter-ministerial panel on fintech on Monday submitted its report to Finance Minister Nirmala Sitharaman suggesting a comprehensive legal framework to protect consumers of digital services. The Steering Committee headed by the Economic Affairs Secretary also recommended adoption of regulation technology (or RegTech)...
FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi
New Delhi: As macroeconomic headwinds weighed on investor sentiments through the year, foreign portfolio investors pulled out Rs 38,930 crore in 2018-19, according to market regulator Sebi's annual report. "In order to further develop the Indian securities market as an avenue for fundraising, eligibility norms...
Insurance broking body opposes 100% FDI in the sector
New Delhi: The Insurance Brokers Association of India(IBAI), the representative body of over 400 Indian insurance brokers including joint ventures with foreign partners, in a majority has staunchly opposed the government move to increase the foreign direct investment (FDI) 100 per cent from 49 per...
GST slashed for EVs to 5% from 12%, will be effective from 1st August
New Delhi: The GST Council on Saturday cut GST on electric vehicles (EVs) to five per cent from 12 per cent . The new rates will be effective from 1st August 2019.It also reduced the GST on EV chargers from 18 per cent to five...
Aadhaar Amendment Bill gets Cabinet nod, to be introduced in coming Parliament session
New Delhi: The Cabinet on Wednesday cleared a Bill to allow voluntary use of Aadhaar as identity proof for opening bank accounts and procuring mobile phone connections. The Bill -- which will be in form of amendment to Aadhaar Act 2016 and will replace an...
Khuntia Panel focuses on insurance penetration and natural disaster for action plans
New Delhi: The top level panel headed by Subhash C Khuntia, chairman, IRDAI to bring about large scale reforms in the Indian insurance industry, has preferred to focus on some of the pressing issues like insurance penetration and natural disaster in its inaugural meeting. After...
Lloyd's of London seeks behavior crackdown with culture Survey
London: Lloyd’s of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world’s oldest insurance market. The survey is being carried out by the Banking Standards Board, a not-for-profit organization that aims to raise...
Alphabet’s wing is first commercial Drone Unit certified as Airline
An offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to actual customers. The subsidiary, Wing Aviation LLC, now has the same certifications...
