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FinMin working on FRDI Bill but not sure when it will be tabled, says FM

by AIP Online Bureau | Feb 7, 2020 | Uncategorized

  Mumbai: The finance ministry is working on the contentious Financial Resolution and Deposit Insurance (FRDI) Bill but not sure when it will be tabled in the house, Union minister Nirmala Sitharaman said.   The comments assume importance given the massive...

FinMin expects at least 80% of taxpayers to move to new tax regime

by AIP Online Bureau | Feb 7, 2020 | Eco/Invest/Demography, Indian News

  Mumbai: The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey said on Friday.   The budget 2020-21 has introduced more tax slabs and offers higher limits provided the...

Most cities in India turning into ‘Urban Heat Islands’: warns IIT Study

by AIP Online Bureau | Feb 7, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

  Kolkata: A team of researchers from IIT Kharagpur has found that most cities in the country are turning into "urban heat islands" in all seasons during day and night, officials said.   In their study, researchers from Centre for Oceans, Rivers,...

IRDAI to expand its regulatory Sandbox project soon:Khuntia

by AIP Online Bureau | Feb 7, 2020 | Indian News, Life, Non-Life, Regulation, Technology

  Mumbai: Insurance Regulatory and Development Authority of India (Irdai) will soon approve products of life insurance industry under its innovative regulatory sandbox project. Recently, the insurance regulator has approved 33 products of 10 companies under...

Britain’s insurance sector urged to compete by selectively diverging from EU Rules

by AIP Online Bureau | Feb 6, 2020 | Eco/Invest/Demography, International News

  London: A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center.   Britain left the European Union on Jan. 31 and...
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