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INSURANCE ACT AMENDMENTS
MDR on UPI payments above Rs 2,000: Supreme Court to hear challenge plea on MondayEnding nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over Rs 2,000 made ...
Sebi expands bullion vaulting framework to ETFs, derivatives; vault manager net worth raisedSebi expanded its vault managers framework beyond Electronic Gold Receipts to cover bullion underlying specified ETFs and derivatives, whil...
Irdai proposes ban on insurance website ‘dark patterns’, seeks lower distribution costsIrdai proposes prohibiting dark patterns on insurance websites that require personal details to access information. The reforms aim to impr...
Plea in SC against imposition of MDR on UPI payments of above Rs 2,000The government has introduced a 0.4% fee on UPI payments of more than Rs 2,000 made to merchants from October 15. Under this, a merchant di...
UPI fee: Why govt is putting a price on big merchant paymentsThe National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
A more perfect union? Congress has been the place where America tries to resolve its problemsCongress's influence on America is profound, having enacted pivotal laws like the Bill of Rights. The Reconstruction Acts and Civil Rights ...
Public Insurance Registry: From tracking policies to improving claim processing, how PIR could benefit policyholdersIndia's Insurance Regulatory and Development Authority of India (IRDAI) has introduced a groundbreaking Public Insurance Registry aimed at ...
- Govt working on amendments to Actuary Act, 2006: DFS official
The Department of Financial Services is working with the Institute of Actuaries of India to amend the Actuary Act, 2006, a senior Finance M...
MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behindThe Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...
The anatomy of corporate controlIn a major change to India’s corporate governance, the regulatory framework is set to redefine "control" with reference to the business and...
NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...
Insurance reforms set India on path to universal coverage by 2047: R DoraiswamyIndia's Insurance Act Amendment Bill, 'Sabka Bima Sabki Raksha,' aims for a structural overhaul of the insurance sector, including amendmen...
No hurdle likely in Max Financial merger plan: Axis Max LifeAxis Max Life anticipates a smooth merger with Max Financial Services, pending parliamentary approval of the insurance bill. The amendment ...
Insurance Amendment Bill proposing 100 per cent FDI unlikely in winter sessionThe Indian government might postpone introducing the Insurance Amendment Bill, which proposes 100% FDI in the insurance sector, during the ...
LIC may look at composite licence after passage of Insurance Laws (Amendment) BillThe proposed amendments suggest that the minimum paid up capital be specified by the Insurance Regulatory and Development Authority of Indi...
Cabinet clears amendments to Insurance Act for raising FDI to 74%Finance minister Nirmala Sitharaman in budget 2021-22 said, "I propose to amend the Insurance Act, 1938 to increase the permissible FDI lim...
Insurance amendment bill to be passed in RS todayWhile up to 26 per cent foreign investment will be allowed automatically, government approval over that will be required.
- Insurers going abroad may need IRDA visa
Domestic insurance companies planning overseas expansion may soon require a nod from IRDA before they go ahead with their plans.
- Insurance Bill to be tabled this session
The government is expected to table the crucial Bill in the current session of Parliament to amend the Insurance Act, 1938, which will noti...