The IRDAI said the order is being issued to enhance the policyholder protection and information.
The BSE Sensex cracked below the 35,000 mark, plunging 713.53 points, or 2 per cent, to close at 34,959.72. Similarly, the broader NSE Nifty fell 205.25 points, or 1.92 per cent, to 10,488.45.
In a statement, Urjit Patel said it was a privilege and honour to serve the central bank and expressed his gratitude to his colleagues and directors of the RBI central board.
Vijay Mallya is wanted in India for defaulting on Rs. 9,000 crore in loans to his failed Kingfisher Airlines.
CBDT has clarified that in the case of senior citizens, no TDS is required to be deducted u/s 194A, where the amount of such income doesn't exceed Rs 50,000 in aggregate.
The list of fastest growing cities is dominated by India with 17 among the top 20 cities in the world, according to a global economic research report.
Permanent Account Number (PAN) is the tax identification number mandatory for filing income tax returns and can be applied either online or offline.