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Govt may look at enhanced KYC requirements for certain class of corporates

by AIP Online Bureau | Feb 26, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation

As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total, 16,65,438 companies, or 63 per cent were active, as per the latest official data New Delhi: The matters related to KYC (Know Your Customer), including a...

Indians spending less on food, more on discretionary items -government survey

by AIP Online Bureau | Feb 25, 2024 | Data, Eco/Invest/Demography

Household Consumption Expenditure Survey estimates average rural consumer spending rose to Rs 3,773 ($45.54) a month per person for the 12 months through July from Rs 1,430 in the previous survey in 2011-2012, while urban spending rose to Rs 6,459 ($77.95) from Rs...

Government establishes committee to develop regulations on the problem of unwanted phone calls

by AIP Online Bureau | Feb 16, 2024 | Indian News, Intermediaries, Policy, Regulation, Technology

The sole objective of Trai DLT(Distributed Ledger Technology) regulations is to bring transparency to the system, counter the menace of SMS spam and protect consumers from fraudulent practices New Delhi: The government on Thursday said it has formed a committee to...
Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues

Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues

by AIP Online Bureau | Feb 9, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

The exporting community has urged the commerce ministry to intervene in freight rates as the shippers are charging huge amounts.High freight rates are impacting the exporting community. We are at dis-advantageous position as compared to countries which are not getting...
Identify & remove deepfakes else face legal action, govt reminds intermediaries

Identify & remove deepfakes else face legal action, govt reminds intermediaries

by AIP Online Bureau | Feb 3, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management, Technology

Intermediaries have been warned that non-compliance will lead to losing exemption from liability provided under section 79(1) of IT Act,” the minister emphasised,Rajya Sabha, Minister of State for Electronics and IT New Delhi: The government has emphasised that social...
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