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CLARITY IN INSURANCE LEGISLATION
US Senate Committee set to consider long-awaited crypto bill next weekUS senators will consider the Clarity Act next week, a bill aiming to regulate cryptocurrency and end disputes between crypto firms and ban...- Parliament adjourned sine die after passing SHANTI, G Ram G and Insurance billsParliament concluded its winter session, passing eight key legislations including bills to boost private and foreign investment in insuranc...
- 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...
- Insurance nomination does not override succession laws, says Karnataka HC; calls for clearer legislationThe Karnataka High Court has decided that insurance policy nominees do not have absolute rights over benefits if legal heirs stake a claim....
- Supreme Court rules that LMV licence holders can drive transport vehicles under 7,500 kgThe Supreme Court ruled in favour of commercial vehicle drivers. Drivers with a light motor vehicle licence can now drive transport vehicle...
- Britain says makers, not car owners liable for self-driving crashesBritain will make the makers rather than the owners of self-driving cars legally liable for any crashes under a framework for developing au...
- Insurance Bill may not be introduced in budget sessionA government official said that the suggestions are being examined and that an announcement can be made in the budget while the actual bill...
- Finmin proposes to decriminalize host of minor offences under 19 legislationsThe Finance Ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loa...
- Karnataka govt scripting labour law for app-based servicesThe labour department has prepared a set of draft rules which is being vetted by National Law School of India University (NLSIU) professors...
- Amid Chinese crisis, India viable investment destination: India First Group CEO Ron SomersRon Somers believes there is a renewed confidence arising of India and the Chinese crisis offers an opportunity for development and economi...
- Foreign insurers like Mitsui Sumitomo, Standard Life's plans to raise stake may be hitAs per the law, the cap of 49% includes direct and indirect foreign direct investment as well as foreign portfolio investment.
- Life insurers seek clarity on Indian management clauseThe Life Insurance Council is seeking clarification on the term Indian management in the context of the hike FDI in the insurance sector.
- Keenly watching developments over Insurance Bill: MetlifeMetlife's Asia President Christopher Townsend today said that it is 'watching with interest' as the bill passes through the processes.
- Companies get more time to comply with deposit insurance normsUnder the new legislation, companies taking deposits are required to insure them. The norm is expected to help in curbing fraudulent invest...
- Confederation of Indian Industry seeks clarity on nuclear liability lawAmid apprehensions among foreign companies over the nuclear liability law, the CII today sought clarity on certain sections.
- Parliamentary panel slams move to allow 49% FDI in insurance; rejects NIAI BillA key parliamentary panel says it sees no merit in a proposal to allow 49% FDI in insurance cos while comprehensively rejecting legal backi...
- Govt to bring reforms commission to rewrite fin sector lawsThe Union Cabinet will soon take up for discussion a proposal to create the Financial Sector Legislative Reforms Commission, or FSLRC, to r...
- Centre to seek Parliament’s nod for Ulips orderThe government is to introduce a bill in monsoon session with safeguards that will ensure independence of financial regulators.
- New norms to diversify insurance cos' riskInsurance regulator IRDA on Friday notified major changes in the investment norms for insurers that will help companies diversify risks and...
- LIC capital base may swell to Rs 100 crIt is vetting a proposal to make changes in the LIC Act to enhance the capital base of the corporation from Rs 5 crore to Rs 100 crore.
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