The new measure delivers on the government’s promise to bring...
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3 more Russian insurers seek India’s nod to provide cover for oil tankers
The move comes as growing scrutiny of Russia's oil supply chain by...
India’s forex, money markets have doubled in last 4 years: RBI Governor
Sanjay Malhotra, Governor, Reserve Bank of India There has also...
New GST rules on anvil; biz may have to explain discrepancy in ITC claims
In cases where the difference in tax liability declared in GSTR-1 and GSTR-3B exceeds the specified threshold of Rs 25 lakh and 20 per cent, the businesses are required to explain the reason for discrepancy or deposit the taxes. New Delhi: The GST Council is likely to...
Govt appoints K Rajaraman new IFSCA chairman
K Rajaraman,Telecom Secretary The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, GIFT IFSC is the maiden...
RBI looking at coming out with fintech regulations: DG Rabi Sankar
RBI deputy governor T Rabi Sankar said that trading in cryptocurrencies carried out by people is not a concern for the RBI, but private cryptocurrencies themselves are a problem area Mumbai: The Reserve Bank is looking at coming out with a regulation for fintech...
PFRDA is working on a guaranteed pension product: Chairman
Deepak Mohanty, chairman,PFRDA PFRDA is actively working on introducing a guaranteed returns product in the market, Mohanty said, adding that it is mandated by the law to do so The fund managers will have to arrange more capital for launching such a product, Mohanty...
US seeks details on changes that Tesla made to Autopilot driver-assist system as part of crash probe
The request is part of a larger investigation into why Teslas operating on Autopilot have struck emergency vehicles that are stopped along highways while they are responding to other incidents. It covers all versions of automated driving system including "Full...
FSSAI conducting a scientific study of aspartame from an Indian perspective: Official
The Food Safety and Standards Authority of India (FSSAI) Advisor Harinder Oberoi also said that a panel is already working to decide the ''threshold limit'' for sugar, salt and fat permissible New Delhi: FSSAI conducting a scientific study of aspartame from an Indian...
China to end Ant Group’s regulatory revamp with fine of at least $1.1 bln-sources
Jack Ma,founder, Ant Group The penalty, which would be one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a...
Google accuses India antitrust body of protecting Amazon in Android probe
In the CCI's October order, which also fined Google $163 million, the company was asked to allow modified versions of its Android operating system, called Android forks, to be liberally distributed without any licensing restrictions such as those related to...
Data Protection Bill gets Cabinet Nod; to be tabled during Parliament monsoon session
"In case of disputes, the Data Protection Board will decide. Citizens will have the right to claim compensation by approaching civil court. There are a lot of things that will evolve gradually," the source said According to the source, individuals will have the right...
IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc
RCap administrator is likely to file the IIHL resolution plan in the NCLT Mumbai this week as the deadline of July 15 to file is approaching. Operating companies under Reliance Capital are into insurance (life, general and health), asset reconstruction and broking...