High-powered committee to look into the challenges arising from...
Category:
Indian News
Latest
Burman family raises stake in Religare Enterprises to 25%
Mohit Burman, chairman, Dabur India The acquirers of Raligare are...
Thalassemia, haemophilia patients in Haryana to get Rs 3,000 monthly disability pension
Manohar Lal Khattar, Chief Minister,Haryana Last year, Haryana...
Over 30 crore PANs linked with Aadhaar so far, says Anurag Thakur
“As on January 27, 2020, a total of 17,58,03,617 PANs are not linked with Aadhaar. The extension of due date for linking of PAN with Aadhaar will benefit these PAN card holders as they get extra time to link their PANs with Aadhaar,” Thakur said in Parliament
Third coronavirus case reported from India
The Centre has set up a task force to monitor the situation arising out of the novel coronavirus with representatives from the Ministries of Health, Home, Civil Aviation and Women and Child Development, Union Minister of State for Home G Kishan Reddy said on Monday
LIC IPO: Interest of policyholders will be protected, says Anurag Thakur
“Government came out with the idea (LIC listing). The details will follow and it will be in the interest of LIC and its policyholders. Interest of LIC and policyholders will be safeguarded,” he told PTI in an interview.
LIC’s partial disinvestment could fetch the govt $11.9 billion:Analysts
Sameer Kalra, a strategist at Target Investing, estimates the IPO to be valued between 910 billion rupees and 1.01 trillion rupees, given an average 12-month forward price-to-earnings ratio of 30 to 35 times. “That is the range in which all the life insurance companies got listed,” he said.
Odisha is the most disaster prone state in the country:15th Finance Commission
A Disaster Risk Index (DRI) has been prepared by the FFC that assigns scores to each state based on probability and vulnerability.
“It is the first attempt to include state-level disaster risk scores in resource allocation and address a serious deficiency in the previous state-level allocations for disaster management,” the commission said in its report tabled in Parliament on Saturday.
LIC listing could come in second half of FY21, says Finance Secretary
“We will follow the extant procedure for listing and for other things including the legislative changes it requires in consultation with the Ministry of Law and that process we already started … listing in the second half of FY21 seems logical,” he said.
IRDAI allows re/insurers to launch ART Solutions with its prior approvals
“In case, the re/insurer intends to adopt ART, non-traditional structured solutions, Financial Re-insurance, then it shall take prior approval of the IRDAI,” said IRDAI.The insurers have to inform the IRDAI on or before 1st March of every year about any such proposed re-insurance arrangement to be entered in to by the insurer.
Divestment to help both LIC, government: Jayant Sinha
There are three benefits from the disinvestment of the LIC – it will be strengthened with the listing with share market, which requires reporting every month. It will also bring in accountability, transparency and efficiency,” the MP from Hazaribag said.To a query on the fate of policy-holders, he said all of them will get every benefit assured in their policies as there is no connection between the disinvestment initiative and policies.
Budget 2020: FDI in India rises to $284 billion during 2014-19, says FM
Sectors which attract maximum foreign inflows include services, computer software and hardware, telecommunications, automobile and trading.
Singapore continued to be the largest source of FDI in India during the first half of the financial year with USD 8 billion investments. It was followed by Mauritius, the US, the Netherlands, and Japan
Budget 2020:Deposit insurance cover hiked to Rs 5 lakh, New income tax slab for FY 2020-21
New Delhi: Finance Minister Nirmala Sitharaman, who has presented her second Union Budget in Parliament today, has hiked insurance cover on deposists by Deposit Insurance and Credit Guarantee Corporation (DICGC) to Rs 500,000 lakh from Rs 100,000. ...