India has a huge untapped population which doesn't have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory and Development Authority of India (Irdai). Speaking at the Business Standard BFSI Insight Summit, Joshi said, "Today, most of our insurance companies operate at a national level. There is arguably a case for having differentiated operations, which cater to niche sectors the same way we have non-banking financial companies (NBFC) and microfinance institutions in lending." "The capital requirement for niche players may not be as large as those having national ambitions. "Enabling these niche players, which require lower capital, will enhance the penetration in areas which hitherto had not seen traction from large players," he said.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
He, however, said sometimes such people spread wrong news or information about China on purpose.
The government has issued a notice to Twitter to comply with all its past orders by July 4, an official source said on Wednesday.
The sources said that during the boarding, the male passenger behaved in an unruly manner and touched the female cabin crew member inappropriately.
The Delhi Police on Thursday said the statements by Twitter on the ongoing enquiry in the 'toolkit' case was mendacious and designed to impede the lawful enquiry.
Wrestlers threaten Supreme COurt action over sexual harassment allegations against WFI President
The development assumes significance as Prime Minister Narendra Modi had last month announced 10 lakh government recruitments in the next 1.5 years.
'The corruption charges in FCI are not the first and won't be the last.'
Industry body CII has pitched for a reduction in personal income tax rates, decriminalisation of the goods and services tax and a relook at the capital gains tax rates as part of its agenda presented to the government for the forthcoming Budget. Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law. Also, the applicability of prosecution provisions should not be based on the absolute amount of tax evasion but should be based on real intent to evade the taxes and a certain percentage of the tax payable, it stated.
Borrowers should be careful if the app promises too-quick disbursal, and doesn't provide adequate information on the terms of the loan, such as interest rate, repayment schedule, etc.
In a letter to Birla, Karti Chidambaram also said that over the course of the past few years, his family and he himself have become targets of a 'relentless campaign by the present government and its investigating agencies which are trying to silence our voices of dissent by foisting one fake case after another'.
A bench of Justices S B Shukre and G A Sanap dismissed the plea and said that if Navlakha had any grievances pertaining to the lack of medical aid and basic facilities at Taloja jail -- the grounds he had cited while seeking house arrest -- he should inform the special NIA court of the same.
A Delhi assembly committee asked Facebook India on Thursday to furnish records of users' reports (complaints) on the content posted on the platform one month prior and two months after the northeast Delhi riots in February 2020.
"The girls are losing out on studies," lawyer Prashant Bhushan said.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
The government on Wednesday informed Parliament that there is no proposal with the Information Technology ministry to set up a regulator for social media.
The protesters have been demanding their relocation to safe environments in the wake of a spurt in the attacks on the minority community members in the valley.
Recently, an Air India flyer sent a legal notice to the airline seeking damages of Rs 30 lakh for the breach of personal data of 4.5 million passengers, including her husband and herself. Air India had informed the complainant of the data leak a month earlier, after it emerged that its passenger service system provider fell prey to a cyberattack in February. However, in the absence of a data protection law, India lacks a mechanism for compensation or grievance redress of consumers in such cases, say experts. Advocate Virag Gupta, a New Delhi-based cyber law expert, explains that a legal notice is a good beginning in the Air India case, but it raises many questions. These include whether sensitive personal information has been leaked and whether the airline is responsible or not, given that a passenger service system provider was also involved.
'The government should immediately enact an Act to make caste discrimination a criminal offence and lay down a procedure similar to that of the Anti-Ragging Act.' 'Ragging has nearly been eliminated because it is treated as a criminal offence.' 'Similar procedure should be used in case of caste discrimination.'
This is the second time Twitter has misrepresented India's map. Earlier it had shown Leh as part of China.
Noting the pendency of issues related to firecrackers before the Supreme Court, the Delhi high court on Thursday refused to entertain a petition challenging Delhi Pollution Control Committee's complete ban on sale and use of all kinds of firecrackers.
The Supreme Court on Tuesday agreed to consider listing pleas challenging the Karnataka high court verdict which had dismissed petitions seeking permission to wear hijab inside the classroom.
Owners of these accounts are being identified for action under the law, Minister of State for IT Minister Rajeev Chandrasekhar said.
The Centre has sought five names from the Samkyukt Kisan Morcha (SKM) to be included in a committee for discussion on a host of issues, including MSP, and the umbrella body of farmer unions will decide those in its December 4 meeting, farmer leader Darshan Pal said on Tuesday.
Violation of the ban will invite punitive action, including a fine or a jail term or both, detailed under Section 15 of the Environment Protection Act (EPA) and under bylaws of respective municipal corporations, they said. For effective enforcement of the ban, national and state-level control rooms have been set up and special enforcement teams formed to check illegal manufacture, import, stocking, distribution, sale and use of banned SUP items, officials in the ministry said.
The inexperienced Uddhav is forced to match up against 24x7 political pros Amit Shah and Narendra Modi who have the added advantage of wielding power at the Centre, asserts Virendra Kapoor.
In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs.
'I connected with the respective companies and requested them not to go ahead with the concept. But they turned a deaf ear.'
The Supreme Court-appointed panels probing the unauthorised use of Pegasus found some kind of malware in five mobile phones out of the 29 examined but it could not be concluded that it was due to the Israeli spyware.
According to amended IT rules, social media and streaming companies will be required to take down contentious content quicker, appoint grievance redressal officers and assist in investigations.
President Ram Nath Kovind on Saturday said that indiscreet remarks, even if made with good intention, give space for dubious interpretations to run down the judiciary and asked judges to exercise utmost discretion in their utterances in courtrooms.
The Centre on Tuesday said it will not seek disclosure of flash sales from e-commerce players to regulate the fraudulent sale of goods and services but will take appropriate action as per the law on consumer complaints. Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the e-tailers need not be "anxious" about the draft rules. Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer -- are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
The ban on certain single-use plastic (SUP) items kicks in from Friday, with state governments initiating an enforcement campaign to identify and close down units engaging in production, distribution, stocking and sale of such items, officials said. Though several manufacturers have said they are not prepared to implement the ban due to a lack of alternatives, Union Environment Minister Bhupender Yadav had on Tuesday said the government had given enough time to the industry and the general public to prepare for the ban on SUP items and it hopes for everyone's cooperation in implementing it from July 1. Violation of the ban will invite punitive action, including a fine or a jail term or both, detailed under Section 15 of the Environment Protection Act (EPA) and under bylaws of respective municipal corporations, officials in the Union environment ministry said.
Scores of Punjab farmers protesting against the government over various issues, including a bonus on wheat and beginning paddy sowing from June 10, spent the night on the road after they were stopped from marching towards Chandigarh.
Senior Congress leader Shashi Tharoor on Saturday exuded confidence that opposition parties which have been speaking against the grand old party will come together as they share the same goal of defeating the Bharatiya Janata Party.
There is a significant difference of opinion within the government on the draft e-commerce rules put out by the consumer affairs ministry, a top government official said on Wednesday and flagged concerns that continuous change of the policy causes a great deal of uncertainty. The official said that unnecessary fear is created that the government's current e-commerce policy is hurting small traders. "There is a significant difference of opinion within the government on the draft Consumer Protection (e-commerce) Rules put out by the consumer affairs ministry... Continuous change of the policy causes a great deal of uncertainty," the official said on the condition of anonymity.
The Supreme Court-appointed committees, entrusted with the probe of unauthorised use of Pegasus, have given a slew of recommendations including amending laws to protect citizens' right to privacy and ensure the nation's cyber security.
If you have questions related to online insurance frauds, then Piyush Ranjan, chief technology officer, Coverfox Insurance, will answer your queries.
To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000. An offline digital payment means a transaction that does not require internet or telecom connectivity. Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices.
