Change in ownership and control of promoters, partners, designated partners, or controlling shareholders of an Insurance Web Aggregator must be carried out only in the manner and form specified by the Authority. Prescribed regulatory specifications determine the permitted process for such changes.

Insurance Web Aggregators must obtain the Authority's prior approval before implementing any scheme of amalgamation, merger, acquisition, or transfer of business. The requirement applies to transactions involving the whole or any part of the business and makes prior approval a mandatory condition for such restructuring or business-transfer arrangements.

Refusal of renewal of an Insurance Web Aggregator registration requires the applicant to cease acting as an IWA from the effective date specified by the Authority. The IWA must continue servicing existing contracts until their expiry or for six months from refusal, whichever is earlier, and must arrange for another registered IWA in the same category to attend to those contracts. The Authority may require details of the transition arrangements.

Renewal of an Insurance Web Aggregator certificate of registration requires a deficiency-cure process before refusal. The Authority must communicate deficiencies to the applicant and allow 30 days for rectification. If deficiencies remain unrectified to the Authority's satisfaction, renewal may be refused only by communicating written reasons and after giving the applicant an opportunity to make written submissions on the proposed grounds of refusal.

Renewal of an Insurance Web Aggregator's certificate of registration requires timely filing in the prescribed format with supporting documents and fee. Delayed applications may attract penalty fees, require condonation, or be considered only after a specified waiting period. Conditions for initial registration apply to renewal, and fresh insurance business is prohibited while registration has expired and renewal is pending, except for servicing existing policies. Prescribed training is required for the Principal Officer and Authorised Verifier. Renewal may be granted for a further three-year period upon fulfilment of applicable conditions.

Registration as an Insurance Web Aggregator requires minimum paid-up capital or contribution and net worth equal to the minimum capital. Branch capital must be earmarked, held in the country of incorporation, and invested under home-country requirements. Capital investment must be from owned funds and remain free from encumbrances; borrowings or arrangements creating future debt are excluded. Net-worth shortfalls must be immediately restored and reported. Half-yearly certification of paid-up capital and net worth by a statutory auditor or specified professional is required.

Insurance web aggregator registration requires in-principle approval followed by compliance with minimum capital infusion, principal officer training, professional indemnity policy, and other necessary conditions. Compliance must ordinarily be completed within 45 days, subject to a timely requested extension not exceeding 90 days from in-principle approval. Registration deficiencies must be notified in writing and may be rectified within 30 days before refusal is considered, with an opportunity for written submissions. A registered IWA must commence business within six months of certificate grant, subject to an extension not exceeding nine months.

Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.

Registration or renewal of registration for an Insurance Web Aggregator is conditional on exclusive conduct of the registered business, compliance with applicable law, Know Your Customer and Anti-Money Laundering guidelines, and the prescribed Code of Conduct. The aggregator must maintain required records, promptly disclose false, misleading, or materially changed information, redress policyholder grievances within the specified period, avoid multi-level marketing, and maintain policy-wise and authorised-verifier-wise tagged records accessible to the Authority.

Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.

Registration as an Insurance Web Aggregator in an IFSC requires submission of the prescribed application form, applicable fee and supporting documents as specified by the Authority. Requests to undertake Insurance Outsourcing or Insurance Telemarketing must be expressly included in the application. The Authority may seek further information, clarifications or documents, while applicants must promptly disclose information or clarification that may bear on consideration of their application.

OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.

Registration as an Insurance Web Aggregator requires constitutional documents identifying web aggregation of insurance products as a main object, exclusive engagement in web aggregation or insurance broking, qualified authorised verification, and adequate operational and IT infrastructure. Eligibility also requires fit-and-proper management, financially sound investors from FATF-compliant jurisdictions, compliance with prescribed obligations and conduct standards, and undertakings on referral arrangements, conflicts of interest, Indian server hosting, capital and net worth, personnel and continuing compliance.

Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.

Insurance web aggregators are registered intermediaries that assist prospects in purchasing insurance through a maintained website or portal. The framework defines eligible applicants, including companies and limited liability partnerships, and permits foreign-incorporated bodies to form such entities for an application. It also defines designated websites, distance marketing, authorized verifiers, insurance outsourcing, leads, lead generation and lead management systems. Governance responsibilities are assigned to key management personnel and the principal officer, with undefined expressions retaining their applicable statutory meanings.

Registration and operational framework for Insurance Web Aggregators in an International Financial Services Centre is established under the regulatory oversight of the International Financial Services Centres Authority. The Regulations regulate the process by which such aggregators are registered and conduct operations within the Centre.

Insurance web aggregator regulation establishes the International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022 under the International Financial Services Centres Authority Act, 2019 and the Insurance Act, 1938. The regulations take effect upon publication in the Official Gazette.

Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.

Co-operative-society deductions under section 80P may cover credit facilities provided by a primary agricultural credit co-operative society to nominal and associate members, because they fall within the statutory definition of member. Interest and dividends from investments with co-operative societies may qualify separately, whereas bank interest is taxable as income from other sources subject to allowable expenditure. Provisions for audit fees, gratuity, leave encashment and service tax are not deductible where liabilities remain unascertained; however, resulting enhanced business profits may receive proportionate section 80P deduction. Investment recipients require verification before the deduction is determined.

Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.