NPCI Launches UPI Circle for Secure Payments Among Trusted Users Introduction to UPI Circle The National Payments Corporation of India (NPCI) has recently introduced a new feature called UPI Circle. This innovation aims to enhance the security and reliability of digital transactions by allowing users to make payments within a trusted circle of contacts. The…
State Government and SBI General Insurance Sign MoU for DRTPS Initiative Introduction The State Government has recently signed a Memorandum of Understanding (MoU) with SBI General Insurance to launch the Digital Risk Transfer Protection Scheme (DRTPS). This new initiative aims to bolster the financial security and insurance coverage for various government schemes and projects. The…
National Insurance Awareness Day 2024: Date, History, and Significance Introduction National Insurance Awareness Day is celebrated annually on June 28th. This day serves as a reminder to review your insurance policies and ensure that you have adequate coverage for various aspects of your life. With insurance being a crucial part of financial planning, this day…
LIC Launches a Non-Participating Product “AmritBaal” for Children In the dynamic landscape of insurance, the Life Insurance Corporation of India (LIC) has recently introduced a new non-participating product named “AmritBaal,” specifically tailored for the well-being and future security of children. This innovative offering aims to provide financial protection and support for parents planning for their…
IVIS Partners with ICICI Bank to Boost Security with Advanced E-Surveillance Services IVIS, a leading provider of advanced surveillance solutions, has recently collaborated with ICICI Bank, one of India’s premier financial institutions, to reinforce security measures through cutting-edge e-surveillance services. This strategic partnership aims to elevate the security standards in banking operations, utilizing state-of-the-art technological…
Enhancing KYC for Traceability: MEITY’s Urgent Appeal to RBI In a significant move towards bolstering cybersecurity and ensuring transparency in financial transactions, the Ministry of Electronics and Information Technology (MEITY) has recently approached the Reserve Bank of India (RBI) with a pressing request. The ministry has urged the RBI to develop a more comprehensive Know…
RBI Revises KYC Rules Offering Improved Guidance to Prevent Money Laundering The Reserve Bank of India (RBI), in its constant efforts to enhance financial security and prevent money laundering, has recently introduced significant revisions to the Know Your Customer (KYC) rules. These amendments, announced through a notification, aim to provide improved guidance and regulations for…
Svamitva Scheme: Digitizing Land Records for Rural India The Indian government has launched a new scheme called the ‘Svamitva Yojana’ to digitize land records and provide financial security to rural landowners. The scheme was announced on National Panchayati Raj Day, which is celebrated on April 24th every year. The Svamitva Scheme aims to map rural…
Indian Govt. Forms Committee to Enhance Pension Benefits The Indian government has recently formed a committee to examine ways to enhance pension benefits for central government employees. The committee will be chaired by the Secretary, Department of Pensions and Pensioners Welfare, and will include representatives from various ministries and departments. The move is aimed at…
Himachal Pradesh Old Pension Scheme | Govt Restores Old Pension Scheme in First Cabinet Meeting The Himachal Pradesh government has restored the old pension scheme for its employees, effectively nullifying the New Pension Scheme (NPS) implemented in 2004. The decision was taken in the first cabinet meeting of the state government. This move is expected…
