The SC permitted voluntary use of Aadhaar in welfare schemes, including MGNREGA, all kinds of pension schemes and the provident fund, besides ambitious flagship programmes.

The three-judge bench said the government's plea to extend it to more subsidies and schemes must be dealt with by the Constitution Bench to which the matter has been referred to.

FM Arun Jaitley, in his Budget speech, had announced the merger of FMC with the capital market regulator Sebi to strengthen the regulation of commodity futures market.

The Insurance Regulatory and Development Authority of India imposed a fine of Rs 30 lakh on Reliance Life Insurance Co Ltd for making payments to Premier Training Pvt Ltd for violating outsourcing guidelines.

The product available at Rs 1.2 per day provides Rs 50,000 inpatient and Rs 10,000 OPD coverage, the company said.

The recent unprecedented crash in the Chinese stock market has dented investor confidence.

Money Today's esteemed panel discusses and deliberates on the various steps that are needed to be taken at regulatory, distribution and financial literacy levels in the insurance industry.

Sounding bullish about a better show this year, chairman S K Roy said, \"We are fully geared up and are confident of putting up a better show in the current fiscal year.\"

On June 19, Y V Reddy, the former governor of the RBI, released a book \"Centre-State Relations in Indian Fiscal Context - Essays in honour of B P R Vithal\".

Insurance sector regulator Irdai has imposed a penalty of Rs 5 lakh on National Insurance Company Limited for violating certain norms.

Bank of India, Bank of Baroda, Corporation Bank, Punjab & Sind Bank, HDFC Bank and many others have signed up for space in Gujarat's International Finance Tec-City (also known as Gift City).

We are in competition with other global financial centres where they have a very liberal tax regime from zero to 10 per cent, says MD & Group CEO of Gujarat International Finance Tec-city Company Ltd,  Ramakant Jha.

As per the guidelines, FDI of up to 26 per cent come under automatic route and beyond 26 per cent and up to 49 per cent government approval is needed.

The IRDA guidelines for 'Registering Cancellation or Change of Nomination' have come into effect from April 1, 2015.

\"In our view, the premium hike must be in the range of 40-50 per cent as it will help us break-even under the segment,\" New India Assurance Chairman and MD G Srinivasan said.

LIC Chairman S K Roy said since life insurers have long-term liabilities in the form of policy contracts, such bonds would be a good bet.

Insurance Regulatory and Development Authority (Irda) has imposed a penalty of Rs 15 lakh on the insurer for violation of the regulatory norms during 2008-09, 2009-10 and 2010-11.

The third-party motor insurance cover is for any collateral damage to a third party, generally a human being, caused due to road accident.

\"The insurer shall be responsible for all acts and omissions of its agents including violation of code of conduct specified under these guidelines,\" Irda said.

The Insurance Bill is all set to benefit consumers, who may witness an increase in choice with the entry of newer players as well as increase in the sector's competitiveness.