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66% of businesses in India paid bribes to avail government services, claims report

by AIP Online Bureau | Dec 8, 2024 | Eco/Invest/Demography, Facts, Risk Management

“Though initiatives like the Government eProcurement marketplace are good steps to reduce corruption, there are still openings to engage in corruption for supplier qualification, bid manipulation, completion certificate and payments,” the report said....

Govt develops eMaap for ensuring fair trade, consumer protection and a centralized database of all stakeholders

by AIP Online Bureau | Dec 4, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

eMaap simplifies critical procedures such as issuing, renewing, and amending licenses, as well as handling verification & stamping of weighing & measuring instrument, registration certificates, and appeals, etc New Delhi: The Department of Consumer Affairs is...

Over 1.5 lakh startups recognised by government till October

by AIP Online Bureau | Dec 3, 2024 | Data, Eco/Invest/Demography, Policy, Technology

Under the Startup India initiative, the Government is implementing three flagship Schemes, namely, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) to support startups at various stages of their...

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...
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