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Regulation
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New vehicle scrap norms may dent auto profits by Rs25K cr
"Once the environmental compensation (EC) cost is notified by CPCB...
Aditya Gupta joins as Secy General of LI Council
Aditya Gupta,secretary general, Life Insurance Council LI Council...
Re-labelling medicines not mandatory, but consumers will avail GST benefits: Govt
The manufacturers/ marketing companies shall issue a revised price list or supplementary price list, in Form V/VI, to dealers and retailers for display to consumers, and to State Drug Controllers and the Government, reflecting the revised GST rates and revised MRP New...
Hospitals’ body AHPI demands restoration of cashless services by Star Health
"An entity seeking authorisation to commence or carry on PA business shall have a minimum net-worth of ₹15 crore at the time of tendering application for authorisation; and shall attain a minimum net-worth of ₹25 crore by the end of the third financial year of grant...
India adopts techno legal approach for AI safety Vaishnaw
Ashwini Vaishnaw,Minister of Electronics and Information Technology "When there is a trade off between regulation and innovation, we tend to tilt more towards innovation. That's very different from Europe and many other parts of the world, where the tilt is more...
AI not static, regulation must match pace of tech advancement: Nirmala Sitharaman
Nirmala Sitharaman, Finance Minister "Artificial Intelligence is not static. It is a rapidly progressing, real-time and dynamic. Therefore, all of us will have to be conscious that we don't sit back on the ethics. We need to be clear that regulation has to run the...
New IRDAI chief Seth to meet insurance CEOs on Sept 17
Ajay Seth, chairman, IRDAI Though, basically it will be a welcome meeting for the insurers, Seth will use the forum to discuss a few things including the action plan by the insurers to implement the new goods and services tax (GST) plans announced by the government on...
SEBI eases IPO shareholding rules, brings relief for large companies
According to SEBI’s release, companies with a market capitalisation of Rs 50,000 crore to Rs 1 lakh crore will now get more time to meet the public shareholding requirements. They will be required to achieve 15 per cent MPS within five years of listing and 25 per cent...
Public must use “look, touch, and feel” method to verify notes: RBI
M Rajeshwar Rao,Deputy Governor , RBI According to an official statement here, Rao said that while counterfeit currency circulation is minimal, the public must continue to use the "look, touch, and feel" method to verify notes. Chandigarh: Reserve Bank of India Deputy...
IRDAI suspends a junior official for financial misconduct
IRDA’s order for suspending Sastry signed by Raja K Sinha , member, Distribution, IRDAI has said he has admitted the financial misconduct but didn’t mention the exact nature of the misconduct Hyderabad: In a first ever case, the IRDA has suspended one of junior...
Global Expansion: India Inc needs a multi-dimensional shield
Vaibhav Luthra, Tax Partner, EY India said, “India’s global investors are no longer just chasing scale, they are looking for strategic, resilient growth. As outbound capital becomes more ESG-sensitive and substance focused, aligning operating models with local...
Sebi approves LIC’s reclassification as public shareholder in IDBI Bank post completion of its strategic disinvestment
The voting rights of LIC will not exceed 10% of the total net effective voting rights of the IDBI Bank. Post completion of the strategic disinvestment transaction, the LIC will bring down its residual shareholding in the IDBI Bank to 15% or below, within two years of...