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AI not static, regulation must match pace of tech advancement: Nirmala Sitharaman

AI not static, regulation must match pace of tech advancement: Nirmala Sitharaman

by AIP Online Bureau | Sep 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Nirmala Sitharaman, Finance Minister “Artificial Intelligence is not static. It is a rapidly progressing, real-time and dynamic. Therefore, all of us will have to be conscious that we don’t sit back on the ethics. We need to be clear that regulation has to...
Insurance Amendment Bill likely to be introduced in Winter session FM Sitharaman

Insurance Amendment Bill likely to be introduced in Winter session FM Sitharaman

by AIP Online Bureau | Sep 14, 2025 | Eco/Invest/Demography, Health, Indian News, Life

Nirmala Sitharaman,Finance Minister The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in the insurance sector to 100 per cent, a reduction in paid-up capital, and a provision for...
GST overhaul a people’s reform, touches every family: Sitharaman

GST overhaul a people’s reform, touches every family: Sitharaman

by AIP Online Bureau | Sep 6, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy

Nirmala Sitharaman,Finance Minister Within days of the decision, from car makers to public sector insurance companies and shoe and apparel brands have already announced significant price cuts and the rest are likely to follow suit by the time new GST rates are...
New India to pass on maximum benefit of 18% GST exemption to retail Health Insurance customers

New India to pass on maximum benefit of 18% GST exemption to retail Health Insurance customers

by AIP Online Bureau | Sep 4, 2025 | Health, Indian News, Life, Non-Life, Policy

“As India’s most trusted insurance partner, New India Assurance takes pride in passing on maximum benefit accruing out of this  exemption to our valued customers. NIA commits to put in all  possible efforts to make Viksit Bharat 2047  a reality,...
18% GST on re/insurance premiums of retail Life and Health covers removed from Sept 22, insurers have to pass on benefits to customers: Sitharaman

18% GST on re/insurance premiums of retail Life and Health covers removed from Sept 22, insurers have to pass on benefits to customers: Sitharaman

by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life

“We have decided to remove 18 per cent GST from all individual Life and Health Insurance to make them affordable for common man and widen country’ insurance coverage. The exemption on Health Insurance will also cover family floater. The reinsurance premium...
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