In a circular on 'Exposure to Forward Contracts in Government...
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Social media and digital accounts accessed only in search, survey ops: I-T official
"These powers are only to be executed during the course of a search...
IRDAI board to meet on Wednesday
Among other issues, the meeting, the last one under chairmanship of...
Singapore to support development of iLS in Asia Pacific:FINANCE MINISTER Wong
Lawrence Wong ,minister for finance and deputy chairman of Monetary Authority of Singapore ``We have also introduced a grant scheme to reduce issuance costs. Over the past 3 years, 18 ILS have been issued in Singapore. These cover a range of natural catastrophes...
US auto safety regulators looks into complaints on Tesla autonomous vehicle
The inquiry is another sign that NHTSA is becoming more aggressive in watching autonomous and partially automated driving systems under President Joe Biden. In the past the agency has been reluctant to regulate the systems, saying that it didn't want to delay...
PM chairs meet on cryptocurrency; concerns raised over money laundering, terror financing risks
''The government is cognizant of the fact that this is an evolving technology, it will keep a close watch and take proactive steps. There was consensus also that the steps taken in this field by the government will be progressive and forward-looking,'' a source said....
JPC members oppose proposal to reduce penalty amount in data protection bill
According to the bill, processing or transferring personal data in violation of the norms, is punishable with a fine of Rs 15 crore or 4 per cent of the annual turnover of the fiduciary, whichever is higher. Similarly, failure to conduct a data audit, is punishable...
RBI initiatives will expand scope of investment in country: PM Modi
Prime Minister Narendra Modi The central theme of the scheme is based on 'One Nation-One Ombudsman' with one portal, one email and one address for the customers to lodge their complaints. There will be a single point of reference for customers to file their...
“For 2021, we expect the pricing to maintain. In the non-proportional segment, pricing is soft and challenging” GLN Sarma,CEO, Hannover Re, India Branch
Germany based Hannover Re, is the third-largest global reinsurance group, with a gross premium of around €24 billion. It has set up its India branch office in Mumbai three years back and has ambitious plans for India as part of its long term Asian growth strategies....
Tatas and Max Life Insurance foray into pension sector, apply for licenses to become pension fund mangers
Axis bank also wants to set up a company as Pension Fund Manager and is waiting for approvals from Reserve Bank of india (RBI) which may be completed in next 15 days.
So far, NPS has seen a 60% jump in NPS onboarding in the first six months of this financial year and our returns (in CAGR) is more than 10% over a period of 12 years. The total corpus has grown to Rs. 6.67 trillion and the total number of subscribers is 4.60 crores as on 25th September, 2021.
LIC seeks to appoint CFO before its mega IPO planned in 2021/22
LIC is currently under going a valuation exercise for an IPO that could be India’s biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.
Fintech firms can check digital frauds: RBI Dy Guv Sankar
”Another area where fintech holds promise is to prevent digital frauds, which have become apparent as the pace of digital penetration has outstripped development of awareness,” he said. Citing data, he said incidents of digital frauds have risen during the pandemic.
DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO
The government aims to come out with the IPO and subsequent listing of LIC on the bourses in the January-March quarter of 2022. The government is also mulling allowing foreign investors to pick up stakes in country’s largest insurer LIC.