Indian News

EV drive: SIAM for 5% GST, IT deduction for individual buyers

Non Life-News       Dec 25, 2017

New Delhi: In order to promote electric vehicles (EVs) in India, auto industry body SIAM has suggested reduction of GST on such automobiles to 5 per cent, besides one-time income tax deduction of 30 per cent of vehicle price for non-financed buyers.   In a white...

Indian carriers to induct over 900 planes in coming years

Non Life-News       Dec 25, 2017

New Delhi: Indian airlines are likely to induct more than 900 aircraft in the coming years, with IndiGo alone expected to add 448 planes, according to official data.India is one of the fastest growing aviation markets in the world and most airlines have ambitious expansion...

Investors rush to mutual funds; asset base grows over Rs 6 lakh crore

Wealth Management       Dec 25, 2017

NEW DELHI: In a big surge, mutual funds have added over Rs 6 lakh crore to their asset base in 2017 and the uptrend is likely to continue in the new year, helped by a spirited promotion campaign by the industry and post- demonetisation resurgence...

2017: Less accidents, more aftershocks for Railways

Risk Management       Dec 24, 2017

NEW DELHI: Derailments - both on and off tracks - marked 2017 for the Indian Railways.    While the Narendra Modi government's first railway minister Suresh Prabhu resigned after back-to-back train accidents, officers too saw their work privileges cut by the Railway Board - many of...

Panel wants body cams on traffic cops, RTO officials

Non Life-News       Dec 23, 2017

New Delhi: Prescribing body wearable cameras for traffic policemen and RTO officials enforcing the Motor Vehicles Act, a parliamentary panel has said it will check corruption and reduce arbitrariness by enforcement agencies.    A 24-member Select Committee of the Rajya Sabha, after examining the Motor Vehicles...

Banks lost nearly Rs 17,000 crore to frauds last fiscal, says FinMin

Risk Management       Dec 22, 2017

NEW DELHI: Banks lost a whopping Rs 16,789 crore on account of frauds in the last fiscal, the finance ministry said in the Lok Sabha today.   The Reserve Bank has informed that as per the fraud monitoring reports submitted by the scheduled commercial banks and...

Expect motor bill to be cleared in ongoing session: Nitin Gadkari

Non Life-News       Dec 22, 2017

NEW DELHI: The government expects Motor Vehicle (Amendment) Bill to be cleared in the Rajya Sabha during the ongoing session of Parliament, Union minister Nitin Gadkari said today.   We are expecting in this Parliament session it will be cleared in Rajya Sabha," Gadkari said when...

Govt to give incentives to boost electric vehicles

Technology       Dec 19, 2017

New Delhi: The government would support manufacturing and selling of electric vehicles (EVs) by giving incentives such as lower road taxes so that the automobile sector continues to play a major role in India's GDP and job creation, Niti Aayog CEO Amitabh Kant said today....

IRDAI Panel suggests competitive returns for life insurance customers

Life-News       Dec 17, 2017

Mumbai: A committee constituted by the Irdai has suggested host of changes in the life insurance sector, including in the investment norms to improve the returns generated by the funds.   The insurance regulator had notified the IRDAI (Non- Linked Insurance Products) Regulations, 2013 and IRDAI...