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LIC removes convenience fee on credit card payments
Henceforth, all digital collections will be free of charges for customers. With this initiative, LIC’s valued policyholders can transact online seamlessly, free of charges. This facility of free transactions using credit card shall be applicable to and implemented across all collecting systems (Card less payment and card dip / swipe on Point of Sale machines).
Govt open to further reforms,may cut personal income tax rates, says Nirmala Sitharaman
E-pharmacies await govt regulations for the sector
Another media report suggets, the government has issued an order to stop sale of online medicines till the draft rules for regulation of e-Pharmacies are finalised and come into force. The order issued on 28 November, 2019 by V G Somani, Drug Controller General (India), has directed all states and union territories to prohibit sale of medicines through online platforms without licenses with immediate effect.
Only up to Rs 1 lakh of depositor money insured in banks: RBI subsidiary
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