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Parl panel moots ex-ante regulations, digital competition law to curb unfair biz practices in digital markets

by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

The suggestions are part of the Standing Committee on Finance’s report on ‘Anti-Competitive Practices by Big Tech Companies’ tabled in Parliament on Thursday and comes against the backdrop of rising concerns over unfair business practices in digital...
Amending Insurance Acts: General Insurers oppose changes in capital requirements, granting composite licenses

Amending Insurance Acts: General Insurers oppose changes in capital requirements, granting composite licenses

by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation

On granting composite licenses, general insurers say,suddenly letting companies to enter into any segment will result in chaos and fragmentation of existing markets. This will also harm the interests of the existing policyholders in both life and nonlife segments, On...

Rajya Sabha passes bill to deal with maritime piracy with voice vote

by AIP Online Bureau | Dec 21, 2022 | Indian News, Non-Life, Policy

In the bill, the government has added provisions for death penalty and life imprisonment for those convicted of maritime piracy External Affairs Minister S Jaishankar. told the House, “We will have jurisdiction on foreign ships (which would indulge in...
Reliance Capital Auction: Torrent Group highest bidder at Rs 8,600 crore in phase 1

Reliance Capital Auction: Torrent Group highest bidder at Rs 8,600 crore in phase 1

by AIP Online Bureau | Dec 21, 2022 | Indian News, Life, Non-Life

The acquisition will help Torrent group to venture into the financial services as Reliance Capital has a wholly owned subsidiary- Reliance General Insurance, and 51 per cent stake in Reliance Nippon Life Insurance among other assets. Hinduja Group was the second...

India detects 3 cases of Omicron subvariant BF.7 driving China’s Covid surge, Govt restarts random testing for international passengers

by AIP Online Bureau | Dec 21, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic

BF.7 is a sub-lineage of the Omicron variant BA.5 and has the strongest infection ability since it is highly transmissible, has a shorter incubation period, and has a higher capacity to cause reinfection or infect even those vaccinated. New Delhi: Three cases of...
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