Ireland’s Data Protection Commission (DPC), the lead EU regulator...
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Musk criticises Australia’s proposed `Misinformation Law’
Elon Musk, owner of social media platform X Australia’s Labor...
RE-INVEST 2024: Pralhad Joshi says Rs 32.45 lakh cr finance pledged for renewables sector
Addressing the inaugural session of the 4th RE-INVEST 2024, Joshi...
New air passenger charter gives more rights to flyers
The new charter amended the norms for charges incurred by travellers on cancellation and rescheduling of air travel, among others.
Association of British Insurers warns on no-deal Brexit hit
Britain’s government is considering different options, including possibly delaying Brexit, if parliament fails to approve Prime Minister Theresa May’s deal by March 12.
Evans said Britain’s insurers have transferred about 29 million insurance contracts and set up about 40 new hubs in the EU to minimise Brexit disruption to customers.
Minimum assured return scheme for NPS subscribers soon
EOI has been invited from actuarial firms to design, develop and recommend minimum assured return scheme (MARS) under the National Pension System that can be implemented under NPS architecture
EU insurance watchdog seeks to avoid Brexit no-deal disruption
This residual business is worth 7.4 billion euros ($8.4 billion) and centered on a handful of UK insurers, EIOPA said in November.
Significant beneficial owners in companies to face strict action for wrong disclosures
Significant beneficial owners, who fail to make a declaration regarding their ownership, could face fine, imprisonment or both under the Companies Act. In instances, where such entities have willfully provided incorrect information, then such acts would be considered as fraud under the Act. Similarly, companies that fail to maintain registers of significant beneficial owners would also face action, as per the rules.
Merger of 3 PSU general insurers to be completed by FY’20
Their combined net worth is Rs 9,243 crore with total employee strength of around 44,000 spread over 6,000 offices Initial estimates suggest that the combined entity formed after the merger will be the largest non-life insurance company in India, valued at Rs 1.2-1.5 lakh crore.
Goyal’s new pension scheme pose risk for the Atal Pension Yojana
“The new pension scheme has the government as a 50 per cent co-contributor which is not there in the APY. So, people will prefer the new pension scheme to APY. Moreover, PFRDA had requested the government to increase the age limit under APY to 50 years from 40 years, which didn’t happen. So, we will have to revise the APY target,’’ said Contractor.
GST Council cuts 3rd party motor insurance rates to12% from 18%
Commercial vehicle owners have been asking for a rate cut as the mandatory tax makes the vehicles expensive. They believe that a reduction in tax rate will also help increase the insurance cover, which at present is only 50 percent of all vehicles
Govt plans Rs 12,000-levy on petrol, diesel cars to spur EV demand: Report
Under a new policy that is nearing finalisation, National Institution for Transforming India (NITI), a government policy think-tank, has proposed incentives of up to Rs 25,000 -50,000 be directly transferred to EV buyers, ensuring that gains are not pocketed by auto manufacturers, government officials told TOI.
Madras High Court bans online sales of medicines
On Monday, Justice Puspha Sathyanarayana directed the Union government to notify rules related to the online sale of drugs and medicines by 31 January and ordered a ban on the online sales till then.