"The Ministry should identify high risk taxpayers in the CLS on a...
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Singapore mending regulations to stay globally competitive: PM Wong
Lawrence Wong ,Prime Minister, Singapore Prime Minister Lawrence...
Trademark infringement: Burger King loses legal battle against namesake Pune eatery
The court said US based Burger King Corporation has "miserably...
US Bill would require secondary cockpit door on all existing airplanes
A study by the Federal Aviation Administration, which oversees aviation security, concluded that cockpits are vulnerable when pilots step out and cited secondary doors as the most efficient, cost-effective form of protection, according to the news release issued on Wednesday.
Significant beneficial owners in companies to face strict action for wrong disclosures
Significant beneficial owners, who fail to make a declaration regarding their ownership, could face fine, imprisonment or both under the Companies Act. In instances, where such entities have willfully provided incorrect information, then such acts would be considered as fraud under the Act. Similarly, companies that fail to maintain registers of significant beneficial owners would also face action, as per the rules.
‘Storm’ might strike global economy, warns IMF as growth slows down
The risks include “trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy”, said IMF Managing Director Christine Lagarde
Insuring The Sharing Economy
As traditional ways of doing business become more fluid, new risks and uncertainties are emerging. In particular, many sharing economy companies currently assert that whatever happens in the course of a peer-to-peer transaction is between the participants and all they are doing is supplying the platform.
Bank liable for unauthorised withdrawal even if no reply to SMS alert: HC
SMS alerts cannot be the basis to determine the liability of a customer, for there would be account holders who may not be in the habit of checking SMS alerts regularly, the court said.
Insurers need to diversify investments to tackle climate risks:IRDA chief
Alice Vaidyan, CMD, GIC Re said that the reinsurance and insurance sector have witnessed varies catastrophes in the last few years and in case of hurricane scenario, some patterns can be found. She emphasised that there is urgent need by insurers and govt. to put forth finances and support the risk management processes.
J&J reported to settle most Pinnacle Hip Implant Lawsuits
Hip patients have been suing J&J and DePuy since 2010, alleging the devices failed prematurely or gave them metal poisoning. J&J took the metal-on-metal version of Pinnacle off the market in 2013.
`Regulatory Sanbox: IRDAI Irdai to allow testing of products before launch
The applicant can apply in any one of more of the five categories namely insurance solicitation or distribution, insurance products, underwriting, policy and claims servicing and any other. The applicant could apply singly or jointly in one or more than one category, provided that if the category involves insurance product or underwriting, then the applicant necessarily has to partner with an insurer.
Power & renewable energy companies facing considerable disruption:Willis Report
George Nassaouati, Head of Natural Resources, Asia at Willis Towers Watson, commented: “It is incumbent on the insurance industry to embrace the risks presented by these new developments and provide the appropriate risk advisory and risk transfer / retention solution. It is essential that today’s power and renewable organisations prepare themselves for the turbulence that disruptive change inevitably brings.”
India improves global corruption index ranking by 3 points to 78 in 2018
India has improved its ranking on a global corruption index in 2018, while its neighbour China lagged far behind, according to the annual index released by an anti-graft watchdog on Tuesday. India rose by three points to 78 in the list of 180 countries in the...