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State finance ministers’ panel discusses ways to curb ITC frauds sector-specific tax evasion

by AIP Online Bureau | Jul 4, 2025 | Eco/Invest/Demography, Indian News

As per data on ITC frauds unearthed by central and state GST officers, over the two years 2023-24 and 2024-25, a total of 42,140 fake firms were detected, which were involved in fraudulently generating ITC of over Rs 1.01 lakh crore. New Delhi: A panel of state...

LIC introduces 2 new plans- LIC’s Nav Jeevan Shree & LIC’s NavJeevan Shree Single Premium

by AIP Online Bureau | Jul 4, 2025 | Data, Life, Wealth Management/ Philanthropy

In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term. Mumbai: Sat Pal Bhanoo, CEO & MD (In-Charge), Life Insurance Corporation, launched two new plans, LIC’s Nav Jeevan Shree and...

India holds 3rd rank globally in fintech startup funding with $889 million in Jan-June

by AIP Online Bureau | Jul 4, 2025 | Data, Eco/Invest/Demography

“While the Indian FinTech sector has seen a temporary dip in funding, the steady momentum in early-stage investments and growing acquisition activity indicate that investor interest remains strong, particularly in scalable, innovation-led models,” said Neha Singh,...
Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

by AIP Online Bureau | Jul 4, 2025 | Indian News, Pension & Social Security, Policy

The inclusion of UPS under the tax framework marks another step forward in the government’s effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a...

UAE becomes world’s third-largest holder of sovereign wealth and public pension assets

by AIP Online Bureau | Jul 4, 2025 | Data, Eco/Invest/Demography, Pension & Social Security

This places the UAE behind only the United States, which tops the list with USD 12.12 trillion, and China, with USD 3.36 trillion, making it the largest holder of sovereign-owned investor (SOI) assets in the Middle East. The United Arab Emirates now ranks third...
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