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RBI wants govt to prohibit cryptocurrencies: Sitharaman

RBI wants govt to prohibit cryptocurrencies: Sitharaman

by AIP Online Bureau | Jul 18, 2022 | Eco/Invest/Demography, Indian News, Regulation, Technology, Wealth Management/ Philanthropy

Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman said, any legislation for regulation or for banning such currencies can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of...

EPFO likely to enhance investment limit in equities to 20 per cent

by AIP Online Bureau | Jul 18, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits

The proposal to revise the limit to 20 percent has been vetted and approved by the Employees’ Provident Fund Organisation’s (EPFO) advisory body Finance Audit and Investment Committee (FAIC) New Delhi: Retirement fund body EPFO is likely to approve this...

BoI launches digital mode for NPS enrollment

by AIP Online Bureau | Jul 18, 2022 | Banking & Bancassurance, Briefs, Pension & Social Security

Bank of India launched its digital mode for the enrollment in National Pension System  (NPS) in association with K-fintech. Customers can now open the NPS account on their mobile in a hassle free & paperless manner, simply by scanning the QR code. The new digital...

Rajasthan gets AI-powered tool for fast disposal of cases at Lok Adalat

by AIP Online Bureau | Jul 18, 2022 | Indian News, Non-Life, Technology

According to the statement, the platform helps one perform end-to-end dispute resolution with easy drafting and filing of applications, one-click generation of e-notices, smart templates to draft settlement agreements, digital hearings powered by tailor-made video...
SpiceJet faces frequent mid-air malfunctions and financial woes

SpiceJet faces frequent mid-air malfunctions and financial woes

by AIP Online Bureau | Jul 18, 2022 | Indian News, Non-Life

That notice from the regulator, DGCA, said SpiceJet has failed to establish “safe, efficient and reliable air services,” and a number of its aircraft returned to their origin or continued their journey with “degraded safety margins,” according to the missive, a copy...
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