"The EU is urging India to adopt stronger privacy regulations...
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Regulation
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GST rates will come down further: Sitharaman
Nirmala Sitharaman, Union Finance Minister Responding to a question...
India markets regulator to boost transparency, including on board conflicts, says new chairman
Tuhin Kanta Pandey,,Chairperson , Sebi "We will be coming forward...
India aims at developing tech driven regulatory framework for cryptocurrency during G20 presidency: Sitharaman
Nirmala Sitharaman, Finance Minister “This concern has been actually acknowledged by several members of the G20 saying yes money trail, yes money laundering, yes drug misuse, and so on. There is an understanding that we need to have some kind of regulation, and...
NGT directs Karnataka government to pay Rs 2,900 cr for improper solid, liquid waste management
Award of compensation had become necessary under Section 15 of the NGT Act to remedy the continuing damage to the environment and to comply with directions of the Supreme Court, the bench said. It is high time that the state realises its duty to the law and citizens...
HDFC Life announces completion of Exide Life merger
"We are delighted to have completed the entire transaction in a short span of time. This merger has been made possible due to the encouragement, timely approvals and support from our regulator – IRDAI and all other authorities involved in the process'' Mumbai:HDFC...
10-yr old PEs with $100 million investible funds allowed to promote Indian re/insurance companies: IRDAI
The new regulations are proposing major changes in Indian insurers' fit and proper criteria, allowable limits of investment, lock-in period on investment, process of registration and criteria for investment by Private Equity Funds The minimum shareholding of...
IRDAI extends ‘Use and File’ procedure to `miscellaneous products’ with SA up to Rs 5 crores
Earlier, though the products with a sum assured above Rs 5 crore could be launched without prior approval of IRDAI, the products with sum assured up to Rs 5 crore still required the regulatory clearance before getting launched in the market Hyderabad: The IRDAI in its...
Inter-Regulatory Technical Group on FinTech issues norms for approving hybrid regulatory Sandbox
In order to facilitate testing of innovative products/services falling within the regulatory ambit of more than one financial sector regulators viz. RBI, SEBI, IRDAI, IFSCA and PFRDA, a Standard Operating Procedure (SOP) for Standard Operating Procedure for...
Maha drug regulator orders sample checks on all oral liquid solutions
Maharashtra drug regulator's direction comes a day after Indian health authorities said they had halted all production of New Delhi-based Maiden Pharmaceuticals following a WHO report that its cough and cold syrups exported to Gambia may be linked to the deaths of...
Irdai grants approval to merger of Exide Life into HDFC Life
With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life New Delhi: Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the...
RBI announces digital rupee. E-Rupee to launch soon on pilot basis
The concept note also discusses key considerations such as technology and design choices, possible uses of the digital rupee, and issuance mechanisms, among others Mumbai: The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific...
SEBI cancels registration of Brickwork Ratings, directs it to wind down operations in six months
“Noticee (Brickwork) failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, which has defeated the very purpose of regulations i.e. investor protection and orderly development of the securities markets,” the...