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Budget is by the people, for the people, says FM
Finance Minister Nirmala Sitharaman “We have heard the voice of...
Budget 2025: Insurers and experts hail game changing moves
The FDI limit being raised from 74% to 100% will prove to be a...
Govt mandates telcos to keep call data, internet usage record for 2 years
"The licensee shall maintain all commercial records/call detail record/exchange detail record/IP detail record with record to the communications exchanged on the network. Such records shall be archived for at least two years for scrutiny by the licensor for security...
Curious case of IRDAI allowing Share Premium as equity capital for ITI Re
"By no stretch of imagination that the share premium amount be taken into account as part of the minimum paid up capital requirement of an insurance or reinsurance company either under the Insurance Act or the Companies Act," D Varadarajan, a Supreme Court lawyer...
4 labour codes likely to be implemented by FY23 as many states ready draft rules
Union Labour Minister Bhupender Yadav in a reply to the Rajya Sabha earlier this week had said that the Occupational Safety, Health and Working Conditions Code is the only code on which the least number of 13 states have pre-published the draft rules New Delhi: The...
ICAI to soon get powers to act against erring partnership firms
As part of efforts to bolster the disciplinary mechanism of the ICAI as well as the institutes of cost accountants and company secretaries, Corporate Affairs Minister Nirmala Sitharaman on Friday introduced a bill in the Lok Sabha to amend the Acts governing these...
Expansion of scope of data protection bill needs careful analysis, deeper debate: Nasscom
The Joint Committee on Personal Data Protection Bill, 2019, headed by BJP MP PP Chaudhary, tabled its report in Parliament on Thursday. The committee has recommended widening the scope of the proposed data protection legislation to include both personal and...
Some EU insurers relied on relief measures during stress test, says watchdog
Industry body Insurance Europe said the results confirm the sector's ability to meet promises to customers under extreme 1 in 1,000 year events The next test for insurers, which could include climate-related elements, won't be until 2023 The test covered 44 insurers...
France says facial recognition company Clearview breached privacy law
The CNIL stressed that Clearview's collection of publicly-available facial images on social media and the Internet had no legal basis and breached European Union rules on data privacy. France's data privacy watchdog CNIL has ordered Clearview AI, a facial...
Cryptocurrencies a challenge for emerging markets, regulation needed: IMF chief economist
Gita Gopinath,Chief Economist,International Monetary Fund ''I think cryptocurrencies are a particular challenge for emerging markets. It seems to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies,'' she said while...
Future of Digital Payments in India
According to RBI, 'while the guidelines will be technology and platform agnostic, it will create an enhanced and enabling environment for customers to use digital payment products in a more safe and secure manner.' The digital payments growth in India has positioned...
RBI Governor cautions depositors to be careful while chasing high returns
RBI Governor Shaktikanta Das PM Modi said that over 1 lakh depositors have got about Rs 1,300 crore of their money with stressed banks in the past few days with the enactment of the legislation.He assured that about three lakh more such account holders will get their...