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DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy

DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy

by AIP Online Bureau | Feb 17, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

Union Finance Minister Nirmala Sitharaman is launching Mutual Credit Guarantee Scheme for MSMEs in Mumbai on Monday Govt asks private life insurance companies to increase the free look period for policyholders from one month to one year. The Centre is working on more...

Govt says Russian oil suppliers must provide sanctions-compliant cargoes

by AIP Online Bureau | Feb 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. “We don’t want to take risk. We are not going to touch any cargo that involves sanctioned entity or...
Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy

Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy

by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

“Imports need ships which are not sanctioned, insurance which takes time to reconfigure, and imports will need payments to go through. So each one of these has problems that need to be solved. People are working on solving these problems,” Oil Secretary Pankaj Jain...

Govt looking at procedural easing to further promote FDI, says official

by AIP Online Bureau | Feb 9, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

The department for promotion of industry and internal trade (DPIIT) has held stakeholder consultations with different government departments, regulators, industry associations, advisory and law firms, pension funds, private equity and venture capitals. New Delhi: The...
Govt amends norms to restore Aadhaar verification process for private entities

Govt amends norms to restore Aadhaar verification process for private entities

by AIP Online Bureau | Jan 31, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“Any entity other than the Ministry or Department… which is desirous of utilising Aadhaar authentication, shall prepare a proposal with justification in regard to the authentication sought being for a purpose specified in rule 3 and in the interest of state, and...
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  • Pilots’ association urges DGCA to suspend flights in high-risk conflict zones in West Asia, mandate insurance coverage
  • RBI mulling e-cheques, widening regulatory ambit to include digital payment cos
  • Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers
  • DGCA issues new guidelines for aircraft operators flying VVIPs
  • Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers

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