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Govt to enable citizens to file FIR against social media companies
Minister of State for Electronics and IT Rajeev Chandrasekhar said...
Private sector banker Manoj Muttathil Ayyappan selected as DFS joint secy
Manoj Muttathil Ayyappan Manoj Muttathil Ayyappan will be filling...
Janaushadhi scheme led to Rs 1,000 crore savings for common people: PM Modi
“We have reduced the prices of 850 medicines of common use. Besides, prices of other things required in the heart and knee surgery, which are delicate and costly, have been slashed,” Modi said.The prime minister said December 7 will be observed as ‘Janaushadhi Diwas’.
83% women, 87% men worried over financial future: S&P report
However, optimism and investment confidence are high, but their continuation is contingent on income security, which, in turn, is far from assured. Thus, 32 percent of the respondents believe that their financial well-being depends on events mostly outside their control, such as economic development, the stock markets, or an unexpected illness.
Business organisations need to pay up to Rs 20 for using Aadhaar services: UIDAI
“The entities have been incurring a cost of Rs. 150-200 per KYC sans Aadhaar. They have been demanding to use Aadhaar-based authentication and KYC services on account of these being convenient to them and their customers and also the fact that they will save huge amount which they currently incur in doing KYC through traditional means such as paper, physical verification, etc,” an official source told PTI.
IRDAI pulls up insurers for non- compliance of Insurance Ombudsman awards
According to TS Naik, general manager,Consumer Affairs Department, IRDAI, the regulator has found good deal of data showing many lapses committed by the insurers with regard to the compliance of orders of Insurance Ombudsman.
IRDA has no plans to dismantle motor 3rd party tariff regime:Khuntia
When asked about any possibility of removing the third party motor segment from tariff regime S C Khuntia, Chairman, IRDAI, on the sidelines of the 20th Global Conference of Actuaries, said, “Often general insurers complain us that tariff was not adequate and they are bleeding due to the loss making portfolio.. However, if it is detariffed, a cut- throat competition will begin. We are looking at various options on the issue.’’
Panel with IRDAI and NHA officials to strengthen health insurance ecosystem
The terms of reference for the joint working group will be to have a National Repository of Empanelled Hospitals under Insurance/Government schemes with defined standards for quality and package rates and codes,defining hospital infrastructure and facility audits to understand capacity of hospitals, specialists availability and developing a roadmap to get one common list of accredited/ verified hospitals for the entire Industry including ROHINI, NHRR, NIN and PMJAY databases.
LIC Housing borrowers can now repay loan till 75, ties up with IMGC with extended tenure, mortgage guarantee
“We will also be able to tap into the large segment of employees working in SMEs, MSMEs, small entities and self-employed individuals who have so far been out of the ambit of prospective home loan borrowers. Through this LIC HFL would support the vision of Housing for All by 2022 of the Government of India,” Sah said.
IL&FS board charges former directors of money laundering, criminal intent
They have also been accused of extending loans for “criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.The notices, dated February 27, have asked former directors to reply within seven days upon receipt as to why departmental and legal actions should not be taken against them for their “misconduct, dereliction of duties, gross negligence and acts of conspiracy and getting unlawful gains for oneself and others.”
Aadhaar can be used voluntarily as ID proof, President signs ordinance
It bans storing of core biometric information as well as Aadhaar number by service providers in cases of individuals who have voluntarily offered the national ID as a means of authentication. The ordinance gives effect to the changes in the Aadhaar Act such as giving a child an option to exit from the biometric ID programme on attaining 18 years of age.
The amendments make it clear that anyone not offering Aadhaar cannot be denied any service, be it opening of a bank account or obtaining a mobile phone SIM card.
FPI inflows into Indian equities hit 15-month high of Rs 17,220 cr in Feb
Foreign investors have turned into net buyers in February mainly on account of clarity on government spending post budget and value buying in several pockets, according to Vidya Bala, Head – Mutual Funds Research at FundsIndia, said.
She further said that inflows into the equity market can be attributed to a positive view on budget and dovish stance taken by the central bank.