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Sebi mandates cooling-off period for directors at market infrastructure institutions
In two separate notifications dated April 30, Sebi said that a...
TikTok fined $600 million for sending EU data illegally to China
“TikTok did not address potential access by Chinese authorities to...
Exemption of GST for cancer drugs
The Goods and Services Tax Council after its 50th meet in New Delhi on Tuesday has agreed to exempt GST on import of cancer drug Dinutuximab, and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases. Currently, the drug attracts a 12%...
Govt advertises for 2 posts of IRDAI members
Rakesh Joshi, member, Finance and Investment and Pramod Arora, member, Actuary, will be completing their terms at the IRDAI in next six months The applicants should have a minimum of two years of residual service as on the date of vacancy i.e., the applicant’s age...
Professional Indemnity: Emerging global liability trends for professional services firms
A new report from professional indemnity (PI) insurer Allianz Global Corporate & Specialty (AGCS) identifies a number of emerging liability trends for companies, ranking them by level of anticipated impact, potential drivers of loss activity and the likely ease...
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...