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18% GST on re/insurance premiums of retail Life and Health covers removed from Sept 22, insurers have to pass on benefits to customers: Sitharaman
``We have decided to remove 18 per cent GST from all individual...
GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
The government had proposed completely exempting life and health...
Budget 2024: TDS reduced on life insurance policy payout from 5% to 2%, receives positive responses from insurers
The introduction of a clause pertaining to non-deductible expenses in Section 37 for life insurance companies may lead to tax litigation. The proposed hike in Capital Gain Tax is expected to impact the tax liabilities for ULIP policyholders Rushabh Gandhi, MD &...
IRDAI slaps a fine of Rs1cr on Care Health, orders it to buy back Rashmi Saluja’s exercised stock options and cancel others
Rashmi Saluja, non-executive chairperson cum director, Care Health Insurance The issuance of stock options of Care Health Insurance to Rashmi Saluja in her capacity as the chairperson of Raligare Enterprises Ltd(REL), the holding company Care Health Insurance, is in...
Union Budget 2024: Govt to exempt three more cancer drugs from customs duty
The three drugs are Trastuzumab deruxtecan, Osimertinib and Durvalumab. The reduction in customs duty may help reduce the financial burden on those battling the deadly disease New Delhi: In a big relief to cancer patients, Union Finance Minister Nirmala Sitharaman,...
Economic Survey highlights urgent need for structured elderly care policies in India
Coupled with insights from a NITI Aayog position paper, the survey pointed out that the elderly care industry in India -- currently valued at USD 7 billion (Rs 57,881 crore) -- faces critical gaps in infrastructure, research and know-how for managing geriatric...
Unemployment rate declines to 3.2 pc, job & skill creation top priority: Eco Survey
According to the Survey, key areas of policy focus in the short to medium term include job and skill creation, tapping the full potential of the agriculture sector, addressing MSME bottlenecks, managing India’s green transition, deftly dealing with the Chinese...
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey
“Considering the multiplier effect of low costs, the scheme saves more than 1.25 lakh crore of out-of-pocket expenditure for poor and deprived families,” Finance Minister Nirmala Sitharaman said New Delhi: More than 34.7 crore Ayushman Bharat cards have been...
Eco Survey calls for paradigm shift to counter rising mental health and obesity issues among Indians
Mental health drags down productivity more widely in the ecosystem than individuals' physical health issues, it noted. Quoting the National Mental Health Survey (NMHS) 2015-16 data, the survey said 10.6 per cent of adults suffered from mental disorders in India while...
Lung diseases’ burden much higher than Lancet’s projection: Doctors
"It is going to remain the number one killer and disabling disease with continued bad lifestyle and increasing stress. Yet, there is a lack of understanding of the exact mechanism of formation of these blockages (in the heart's blood vessels). Till we understand the...
Elderly population in India likely to double by 2050: UNFPA India chief
She said as the number of individuals, aged 60 and above, is projected to double to 346 million by 2050, there is a pressing need for increased investment in healthcare, housing and pension schemes New Delhi: India's elderly population is expected to double by 2050,...
1 dead from Nipah virus in Kerala, 60 identified as high-risk
Nipah, which comes from fruit bats and animals such as pigs, can cause a lethal, brain-swelling fever in humans. It is classified as a priority pathogen by the World Health Organization (WHO) because of its potential to trigger an epidemic. There is no vaccine to...