V K Paul, Member (Health), NITI Aayog “This decline in...
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Govt hikes minimum wages fron Oct 1 as living costs surge
Earlier this week, thousands of workers held protests across the...
GST on Health, Life Insurance: Newly formed GoM to meet on Oct 19
A final call by the council on taxation of insurance premiums is...
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.
FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi
“Despite heavy capital infusion by FPIs in last two months, the Indian capital market suffered a net outflow to the tune of Rs 38,930 crore in 2018-19 as macroeconomic headwinds weighed on investor sentiment through the year,” the report said.
Fintech panel suggest legal framework to protect digital services consumers
The panel has also recommended that insurance companies and lending agencies be encouraged to use drone and remote sensing technology for crop area, damage and location assessments to support risk reduction in insurance/lending business.