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Draft bill seeking 100 pc FDI in insurance to be sent for Cabinet nod soon: DFS Secretary

Draft bill seeking 100 pc FDI in insurance to be sent for Cabinet nod soon: DFS Secretary

by AIP Online Bureau | Feb 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

Finance Minister has already given her approval and announced in the Budget. Now we will prepare a draft bill with the help of the law ministry. Thereafter, the draft bill will be sent to the Cabinet for approval. The intent of the DFS is to get the bill introduced...
Govt reviewing crypto position due to global changes, senior official says

Govt reviewing crypto position due to global changes, senior official says

by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

“More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,”...
90% or more taxpayers may shift to new regime with new slabs announced in Budget: CBDT Chairman

90% or more taxpayers may shift to new regime with new slabs announced in Budget: CBDT Chairman

by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Ravi Agrawal,Chairman, CBDT As per current data, about 74-75 per cent of individual taxpayers have moved to the new tax regime that was brought in by the government a few years back New Delhi: The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum...
Sebi mulls safe UPI payment mechanism for registered market intermediaries

Sebi mulls safe UPI payment mechanism for registered market intermediaries

by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

This initiative will enable investors to verify the authenticity of the UPI ID they are transferring money to, through robust KYC (Know Your Customer) due diligence. This measure is designed to combat the growing threat of digital fraud, ensuring that investors can...
Budget is by the people, for the people, says FM

Budget is by the people, for the people, says FM

by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

Finance Minister Nirmala Sitharaman “We have heard the voice of middle class” who had been complaining about their aspirations not being met despite being honest taxpayers, Sitharaman said in an interview with news agency New Delhi: It is a very positive and...
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