The guidelines also lay out conditions such as if the individual...
Category:
Policy
Latest
EU privacy regulator fines Meta €91M over password storage in GDPR violation
The inquiry was opened five years ago after Meta notified Ireland’s...
Mental health professionals to assess transgenders opting for gender assignment surgery
According to the document, one cannot undergo gender affirmation...
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.
Cabinet moves to get legal backing, allow Aadhaar for phone numbers, banks
The Supreme Court had on September 26 struck down Section 57 of the Aadhaar Act that made seeding of the biometric ID with SIMs and bank accounts mandatory, saying it had no legal backing.
Govt forms panel under BBB to select MD for PSU insurance firms
The government has constituted a seven-member panel to select managing directors of public sector insurance companies.According to sources, the panel would be headed by Banks Board Bureau (BBB) chairman B P Sharma.
Citizens may soon be able to opt-out of Aadhaar as govt looks to amend the Act
Once implemented, the opt-out provision can be availed by all and their Aadhaar number and details including demographic and biometrics will be deleted from the servers of the UIDAI.
However, if a person opts out of the Aadhaar scheme, he/she won’t be able to avail many government schemes and subsidies where Aadhaar linkage is still mandatory.