Category:

Indian News

Latest

Paytm app back on Google store after removal over policy violations

“We don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting,” Google said in a blog post.

“This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes,” said Alphabet Inc’s Google, in the blog post. “It is a violation of our policies.”
Paytm said on Twitter it was working with Google to restore the Andriod app and assured users that their money was safe.

read more

IRDA to unveil standard Term Policy and covers for MSME and small dwellings soon:Khuntia 

The guidelines regarding the standard products for term plans, dwelling and MSMEs will be rolled out soon by the regulator, said Subhash C Khuntia, chairman  Irdai, while addressing CIIs 22nd Insurance and Pension Summit on Thursday.
The segment regulator is also looking to introduce the risk-based solvency for the insurance companies in next three years. 

The regulator also believes that negative growth seen in the new premiums for insurance industry since March, will improve in the months to come. 

read more

GIC Re to manage Rs 75k cr Pandemic Pool,mandatory cover & parametric claim payment:IRDA Panel

Pandemic pool,with public-private-government participation, to cater 4 crore MSME workers,around Rs2000 crores of capacity expected from the industry and a substantial capacity coming from government in the form of backstop. Multiple trigger mechanism will be set separately for an epidemic and a pandemic event.Participation will be mandatory for the sectors which have been covered under the pool. This can be provided as a Standalone Product coverage for the event or as an add-on with the existing products.
“We are now putting the report on the formation of Pandemic Pool for the public feed-back and will soon set up the Pool,” said SC Khuntia, chiarman, IRDAI..

read more

Govt working to increase digital economy’s contribution to 20% of GDP in 5 yrs

Highlighting the concerns over data privacy and data protection, Rajendra Kumar, additional secretary, Ministry of Electronics and IT, Govt of India said that many countries have come out with their statutory laws to deal with them. The Government of India has also launched massive efforts to bring all stakeholders together to ensure that we bring a common legal framework on this.
“The personal data protection bill is now in parliament for further approval. Once this becomes an act, it would make India a leading country to have a cutting-edge framework in terms of data protection,” he said.

read more

Serum Institute gets approval to resume India trial of AstraZeneca COVID vaccine: source

AstraZeneca has resumed British clinical trials of the vaccine, one of the most advanced in development for COVID-19, after they were paused earlier this month following a serious side effect in a trial participant.

Trials have also resumed in Brazil and South Africa, but remain on hold in the United States.Indian regulators had allowed Serum’s trials of the AstraZeneca vaccine to resume under certain conditions, including increased safety monitoring and informing volunteers about new findings, a DCGI source said.

read more