Category Archives: News

Ministry of Finance Government amends Insurance Ombudsman Rules for better resolution of policyholders’ complaints regarding insurance service deficiencies Posted On: 03 MAR 2021 9:33AM by PIB Delhi The Government on 2nd March 2021 notified comprehensive amendments to the Insurance Ombudsman Rules, 2017, with a view to improve the working of the Insurance Ombudsman mechanism to facilitate… Read More »

Ministry of Electronics & IT Government notifies Information Technology (IntermediaryGuidelines and Digital Media Ethics Code) Rules 2021 Social media platforms welcome to do business in India but they need to follow the Constitution and laws of India Social media platform can certainly be used for asking questions and criticise Social media platforms have empowered ordinary… Read More »

Ministry of Finance Framework for enabling Ancillary services at International Financial Services Centres notified Posted On: 11 FEB 2021 3:27PM by PIB Delhi Considering the importance of professional and other service providers for the development of financial products, financial services and financial institutions in the International Financial Services Centres (IFSC), a framework for enabling ancillary… Read More »

Ministry of Parliamentary Affairs PM addresses All-Party Meeting on Budget Session of Parliament Govt’s stand on farm laws is the same as it was on 22nd January, and the proposal given by the Agriculture Minister still stands: PM PM reaffirms the importance of smooth functioning of Parliament Budget Session will take up 38 items (Includes… Read More »

Ministry of Finance Economic Survey calls for simplification of regulations and process reforms Attempt to reduce the problems often results in having ever more complex regulations leading to even more non-transparent discretions Solution is to Simplify Regulations and invest in greater Supervision Even if it implies greater discretion Discretion needs to be balanced with transparency,… Read More »

Summary of Economic Survey-2020-21 V-Shaped Economic Recovery Due to Mega Vaccination Drive, Robust Recovery in the Services Sector and Robust Growth in Consumption and Investment V-Shaped Recovery is Due to Resurgence in High Frequency Indicators Such as Power Demand, Rail Freight, E-Way Bills, GST Collection, Steel Consumption, Etc India to Become the Fastest Growing Economy… Read More »

EPFO facilitates multiple options for submission of Digital Life Certificate by EPS pensioners All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension . In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple… Read More »