“Emerging market and developing economies face substantial...
Category:
Policy
Latest
Govt taking various measures at policy level to help fintech sector: PM Modi
Prime Minister Narendra Modi Addressing the Global Fintech Fest...
UK’s Aviva conspired to dodge India compensation and tax rules, DGCI says
The case is part of broader investigation into over a dozen Indian...
Mandatory to link PAN-Aadhaar by 31 December: I-T Dept
The Supreme Court, in September last year, had declared the Centre’s flagship Aadhaar scheme as constitutionally valid and held that the biometric ID would remain mandatory for the filing of I-T returns and allotment of PAN.
Govt clears appointments of Srivastava and Poddar as CMD of GIC Re and AIC
At a pay scale of Rs 2,05,400,Srivastava has been appointed as the CMD of GIC Re till Sept 2023 while Poddar with the same pay scale will be heading AIC till July, 2022.
Govt reforms will make India a very competitive, efficient economy: Kant
India has gone digital. That’s the biggest transformation that has taken place.As a result, India has become hugely data-rich, even before it has become rich. This data richness of India has led to over 1,000 startups working in learnings, artificial intelligence and they are doing the kind of disruption that the world has never seen before. Many of them are doing pathbreaking work,” Kant told
Panda appointed as special secretary,DFS
As additional secretary, Panda was in charge of Insurance industry and financial inclusion and was in the board of New Indian Assurance. He is also supervising the merger of three PSU general insurers, United India Insurance,National Insurance Company,Oriental Insurance Company.
Only up to Rs 1 lakh of depositor money insured in banks: RBI subsidiary
Asked whether there is any proposal or move under consideration to raise the limit of Rs 1 lakh insured in the bank in wake of the recent PMC Bank fraud, the DICGC said, “The corporation does not have the requisite information.”
‘One Nation One Ration Card’ to be effective nationwide from June: Ram Vilas Paswan
“This system would largely benefit the numerous migrant beneficiaries such as labourers, daily wagers, blue-collar workers etc. who frequently change their place of dwelling in search of employment or for other reasons across the country,” he said.
Develop ways to detect fraud, contribute to Rs 5 trn economy aim: PM to CAG
“CAG should look for innovative methods to deal with occupational fraud,” he said, adding that the auditor can paly a role in improving governance and efficiency.
Govt unveils norms for 100% FDI in insurance intermediaries sector
However if a bank, whose primary business is outside the insurance area, is allowed by the IRDAI to function as an insurance intermediary, the foreign equity investment caps applicable in that sector, which is 74 percent, will continue to apply, subject to the condition that the revenues of such entities from the primary (non-insurance related) business must remain above 50 per cent. of their total revenues in any financial year.
PAN-Aadhaar linking date extended to 31 December
The Supreme Court, in September last year, had declared the Centre’s flagship Aadhaar scheme as constitutionally valid and held that the biometric ID would remain mandatory for filing of I-T returns and allotment of PAN.
Delhi Police issues 3,900 challans on first day of newly amended Motor Vehicles Act
Parliament had in July passed the Motor Vehicles (Amendment) Bill, 2019, which seeks to tighten road traffic regulations such as the issuance of driving licence and imposes stricter penalties for violations in an attempt to improve road safety.