1. The Reserve Bank of India (RBI) issued a framework capping offline payments at Rs.200 per transaction. Offline transactions are those which do not need any internet or telecom connectivity. They can be carried out face-to-face using instruments and channels such as cards, wallets and mobile devices. The RBI said that these transactions would not require an additional factor of authentication (AFA). Click here to know more - [ Ссылка ].
2. The Securities Exchange Board of India (SEBI) will now use instant messaging channels for sending its summons and orders to securities law offenders. As per the sources, the regulatory body of securities will send summons and orders through apps like WhatsApp, Telegram, and Signal, in addition to regular methods of communication, including registered post, courier and electronic mail. Click here to know more - [ Ссылка ].
3. After taking views from the Ministry of Finance, the Ministry of Commerce and Industry is revising the Foreign Direct Investment (FDI) policy to aid the disinvestment of the Life Insurance Corporation of India (LIC), the country’s largest insurer. The current FDI policy permits 74% foreign investment under the automatic route in the insurance sector. Click here to know more - [ Ссылка ].
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