Madras High Court withdraws its order on bumper-to-bumper insurance
The withdrawal follows the submissions of the counsels for the Insurance Regulatory and Development Authority of India (IRDAI), General Insurance Company (GIC) and the Society of Indian Automobile Manufacturers (SIAM), a non-profit entity that has been espousing the cause of automobile industry, that the stipulation was impossible to implement.
India and Singapore to link UPI and PayNow to foster trade, travel and remittanceThis linkage will allow users of either of the payment systems in the respective countries to make money transfers on a reciprocal basis without getting on-boarded on the other network, the Indian central bank said in a press release on Monday. The project is being targeted for operationalisation by July 2022, RBI said.
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