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by AIP Online Bureau | Aug 4, 2026 | Workplace/Employee Benefits

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Govt paves way for return of merchant fees on digital payments

Govt paves way for return of merchant fees on digital payments

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Regulation, Technology

An amendment to ​India’s Payment and Settlement Systems Act, tabled in parliament by Finance Minister Nirmala Sitharaman, would allow the introduction of ​a merchant discount rate (MDR) on digital payments, according to industry and regulatory sources. NEW...
Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt

Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News

The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea off the coast of ​Yemen on August 4, India’s Foreign Ministry ​said, adding that it is coordinating with the ‌Yemeni ⁠authorities over this incident. A projectile struck an Indian-flagged vessel...
LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option

LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

“Offer for Sale in LIC received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India’s capital markets. In...
SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology

The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
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