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The Calcutta High Court has recently held that it is impermissible and violative of the Right to Equality under Article 14 of the Constitution, to differentiate between contractual employees and...
Due to an increase in unclaimed amounts and concerns from insurers over regulatory compliance, the Insurance Regulatory & Development Authority of India (IRDAI) modified the Master Circular on unclaimed amounts of policyholders
The Indian FinTech ecosystem, the third largest in the world, is expected to reach a market size of US$ 150 billion by 2025. Digital lending has become a US$ 270 billion market in 2022. However, recent years have seen an increase in financial fraud and irregularities, leading to a lack of trust in the sector. The RBI has implemented regulations and guidelines to address these concerns, including registration requirements for FinTech companies and enhanced data privacy measures.
From 1 February, users can transfer money through IMPS using just the receiver's mobile number and bank account name, without adding a beneficiary or IFSC code
New NPS partial withdrawal rule: The Pension Fund Regulatory and Development Authority allows subscribers to make partial withdrawals from their accumulated pension wealth in the National Pension System for specific purposes