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Govt blocked 1 700 Skype IDs and 59 000 Whatsapp accounts used for digital arrest fraud says minister

by AIP Online Bureau | Dec 3, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

Union Minister of State for Home Affairs Bandi Sanjay Kumar also stated that the ‘Citizen Financial Cyber Fraud Reporting and Management System,’ launched under I4C in 2021, enables immediate reporting of financial frauds to prevent the siphoning off of funds by...
Insurance (Amendment) Act, 2024: Govt has no composite plans for LIC and PSU general insurance companies

Insurance (Amendment) Act, 2024: Govt has no composite plans for LIC and PSU general insurance companies

by AIP Online Bureau | Dec 1, 2024 | Health, Indian News, Life, Non-Life

To enable PSU insurers to avail composite licenses, the government needs to amend the two existing Acts- The Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972 (GIBNA). But, no such provisions have been made in the...

Govt announces Rs1,435 cr project to make PAN a common business identifier

by AIP Online Bureau | Nov 26, 2024 | Eco/Invest/Demography, Indian News, Technology

“The PAN 2.0 Project resonates with the vision of the Government enshrined in Digital India by enabling the use of PAN as Common Identifier for all digital systems of specified government agencies,” an official release said New Delhi: The government on...
No new Bill on insurance reforms in Winter Session of Parliament

No new Bill on insurance reforms in Winter Session of Parliament

by AIP Online Bureau | Nov 21, 2024 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Non-Life

Indian insurance industry is expecting legislative measures allowing 100 % FDI and launching new systems like composite license’, differential capital’, reduction in solvency norms’, captive license, change in investment regulations, one-time...

Govt asks manufacturers to cut price of 3 anti-cancer drugs

by AIP Online Bureau | Oct 29, 2024 | Eco/Invest/Demography, Health, Indian News, Policy, Regulation

In line with the government’s commitment to ensure the availability of drugs at affordable prices, the National Pharmaceutical Pricing Authority (NPPA) has issued an office memorandum directing the concerned manufacturers to reduce the MRP on three anti-cancer...
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