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Budget gives boost to govt’s focus on Ayush integration in national health ecosystem: Ministry

by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life

Budget allocation to centrally-sponsored National Ayush Mission (NAM) also saw a 50 per cent increase from Rs 800 cores to Rs 1,200 crores for 2023-24 The NAM is focused on providing cost effective Ayush services with the universal access through up-gradation of Ayush...

Budget 2023-24:Taxing Time for Life Insurers

by AIP Online Bureau | Feb 2, 2023 | Articles, Eco/Invest/Demography, Life

Government aims to plug the arbitrage which HNIs and other wealthy individuals are employing to get healthy tax-free returns on their lumpy Non-Par insurancepurchases The cap of Rs5 lakh will be applicable for all policies bought across insurers. Thus, as the policy...

Citigroup wealth unit stops margin loans against India Adani’s securities – source SI

by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Risk Management

The group’s flagship firm Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by the U.S. short-seller’s criticisms wiped billions more off the value of the Indian tycoon’s stocks. Singapore:...
Adani Enterprises calls off fully subscribed FPO, to return money to investors

Adani Enterprises calls off fully subscribed FPO, to return money to investors

by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Life

Gautam Adani, Chairman, Adani Enterprises Adani Enterprises nosedived 28.45 per cent to settle at Rs 2,128.70 on the exchange. Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including...
‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman

‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman

by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Policy

Union Finance Minister Nirmala Sitharaman In what is being seen as a push for the salaried class to switch to the new tax regime where no exemptions on investments are provided, the finance minister in her Budget for 2023-24 allowed a standard deduction of Rs 50,000...
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