Department of Financial Services
LIC Firmly Denies Washington Post Claims About Government-Directed Adani Group Investments
Oct 29, 2025 12:21 am CST
Life Insurance Corporation of India (LIC) has issued a categorical denial of Washington Post allegations claiming government influence over its Adani Group investments. The public sector insurer emphasized that it makes independent investment decisions following proper due diligence and board-approved policies, without receiving any instructions from the government regarding investments in the Adani Group.
India Launches On-Device Biometric Authentication for UPI: Revolutionizing Digital Payments with Aadhaar Integration
Oct 07, 2025 10:33 pm CST
The Indian government has introduced three groundbreaking UPI features: on-device biometric authentication eliminating the need for PINs, Aadhaar-based face authentication for UPI PIN management, and UPI-enabled cash withdrawals at micro-ATMs. Launched by Department of Financial Services Secretary M. Nagaraju at GFF 2025, these innovations aim to enhance security while improving accessibility for all users, particularly seniors and first-time digital payment adopters.