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Innovation is key for achieving Insurance for all by 2047 : LIC Chief
Siddharth Mohanty, chairman, Life Insurance Corporation In the age...
Insurance cover under Ayushman Bharat health insurance scheme likely to be doubled
The increase in coverage to Rs 10 lakh per family per year and...
IndiGo may have to replace more engines as govt intensifies scrutiny T
A “more intense boroscopic examination” of engines manufactured by Pratt & Whitney has identified more engines at risk of shutting down in midair, Arun Kumar, the head of India’s Directorate General of Civil Aviation, told Bloomberg News on Sunday. Out of roughly 200 engines in use, IndiGo will now have to replace at least 130. India’s Aviation Minister, Hardeep Singh Puri, had earlier put the figure at 110.
HC asks 3 mining cos to pay Rs 6.5 mn for polluting Goan agricultural land
Vedanta Inc, Rajaram Bandekar (Siridao) Mines Private Limited and Chowgule & Company Private Limited are respondents in this petition.
Govt plans to make PFRDA sole regulator for the pension products
“The proposed amendments will segregate the marketing functions from the PFRDA which will be only be a licensing authority. The Ministry of Finance*MoF) has finalised a few amendments to the existing PFRDA Act and after inter-ministerial consultations, it will go to the Cabinet for its final approval.It may be placed in the parliament during the forthcoming Budget session,” said Supratim Bandyopadhyay, Member (Finance). PFRDA.
One nation, one ration card: Centre makes standard format, asks states to follow it for issuing fresh cards
For national portability, the state governments have been asked to issue the ration card in bi-lingual format, wherein besides the local langauge, the other language could be Hindi or English.
Modi says India will emerge stronger from slowdown, urges investments
The government will spend Rs trillion ($1.4 trillion) in the coming years to develop the country’s infrastructure further, Modi said.
Life insurers bat for 100% foreign investment in sector via automatic route
India has received nearly Rs 30,000 crore worth of FDI in the private sector insurance firms since 2015, when the government increased FDI limit from 26 per cent to 49 per cent
Infosys fined $800,000 for worker misclassification, tax fraud in US
Infosys will pay California $800,000 (nearly Rs 56 crore) to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas, California Attorney General Xavier Becerra said.
India should take urgent action to tackle air pollution: WHO
The study also noted that the average life expectancy would have been 1.7 years higher if the pollution levels were less than the minimal level responsible for causing health loss
FinMin asks govt depts/agencies to continue to bank with IDBI
LIC is wholly-owned by the government and together with the government’s holding of 46.46 percent, the direct and indirect government holding in the bank is 97.46 percent, making it a quasi-sovereign entity.
Individual taxpayers likely to see tax rate cut in upcoming budget, say sources
Many groups have been urging the government to cut personal income tax rates to spur demand and lift economic growth, which sank to a six-year low of 4.5% in the July-September quarter from 7% a year ago.