The government would present a vote-on-account or an 'interim...
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India to seek social security pact with US on Fri
Social security, or totalisation agreement, is a long-pending...
Finance Minister Nirmala Sitharaman unveils GIFT city’s financial landscape
Nirmala Sitharaman,Finance Minister GIFT authorities are also...
Mumbai only metro where tap water is safe for drinking: Govt report
Releasing the second phase study, Consumer Affairs Minister Ram Vilas Paswan said, “Out of 20 state capitals, all the 10 samples of piped water drawn from Mumbai were found to comply with all 11 parameters, while other cities are failing in one or more.”
India mulls ‘One Nation, One Pay Day’: Labour Minister Santosh Gangwar
The central government is in the process of implementing Occupational Safety, Health and Working Conditions (OSH) Code, and Code on Wages. Parliament has already passed the Code on Wages and rules are being framed for its implementation.
Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman
Media report suggests the bank deposit insurance in the country may be split into two categories, with retail cover being raised to Rs 5 lakh, from the current level of Rs 1 lakh; and a new scheme being introduced for wholesale depositors at Rs 25 lakh. When given effect, it will be the first upward revision in deposit insurance after 1993.
Dip in diabetes claims in FY2019 : ICICI Lombard data
However, despite the fact that the overall claims are observing a downward trend, the number of claims filed by women is on a rise. It can be seen that the claims filed by men has been observing a strong downward trend.
India to consider shifting dividend tax to investors from firms
The budget statement due February may include a proposal to tax dividends once they are paid to shareholders, rather than the current system where the company pays the levy
New India Assurance net profit at Rs 530 crore,up 61 % in Q2 2019-20
Atul Sahai, chairman cum managing director,NIA, said, “It is heartening that the company has recorded encouraging results despite a challenging operating environment. These results are despite the company incurring significant losses to its net, to the tune of Rs 335 crores during the quarter due to floods in different parts of the country. There is slow down in motor segment. Provisions towards bad debts and dimunition in value of certain equity investments further impacted profitability by Rs 40 crores in the quarter.’’
GIC Re posts a net loss Rs 486.86 crore in H1 2019-20
The combined ratio of the company is 111.30 per cent in the half year ended Sept30,2019 as compared to 110.30 per cent for the corresponding period of previous year.
Festive buys, new models help PV sales snap 11-month slide in October
“Sales in the festive season have been better than last year which is a good sign. We wish it continues in November and December as well and help us slowly come out of this slowdown,” SIAM President Rajan Wadhera told reporters here.
Cyclone Bulbul makes landfall, 2 dead
“Due to very severe cyclone ‘Bulbul’, operations at Kolkata airport has been suspended from 6.00 pm on November 9 to 6.00 am of November 10,” a home ministry official said in the national capital
Moody’s cuts India outlook to negative, predicts ‘prolonged slower growth
“A prolonged period of slower economic growth would dampen income growth and the pace of improvements in living standards, and potentially constrain the policy options to drive sustained high investment growth over the medium-to long term,” William Foster, vice president of Moody’s Sovereign Risk Group, wrote in a statement.