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IRDA approves 33 regulatory Sandbox proposals

Some of the other general insurers who have received regulatory approvals for their regulatory sandbox projects are- Religare Health Insurance, Bharti Axa General Insurance Co Ltd, Kotak Mahindra General Insurance,  TATA AIG General Insurance, SBI General Insurance, Acko General Insurance Ltd, Liberty General Insurance Ltd, Reliance General Insurance Co, Edelweiss General Insurance. 

RBI issues new debit and credit card rules to improve security

RBI has directed banks and other card issuers to enable cards only for use at contact based points i.e. ATMs and Point of Sale (Pos) devices within India at the time of issue of the cards. This means that when a card is issued it will, by default, only be usable to physically swipe at a PoS or at a ATM. It would not be enabled for use online or for contact-less transactions.

Register drones by January 31 or face action: Aviation ministry

In the notice issued on Monday, the ministry said, “On successful submission of voluntary disclosure of possessing drone, a Drone Acknowledgement Number (DAN) and an Ownership Acknowledgement Number (OAN) will be issued online which will help in validation of operation of drones in India.”

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