Maharashtra Chief Minister Eknath Shinde ''The state government is...
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Irdai to collect larger socio-economy data to push insurance penetration: Member
B C Patnaik, Member (Life) The rising customer expectations...
Modi seeks to revive hinterland finance hub with new sweeteners
New rules that will likely take effect in April next year will...
Govt mulls various options for consolidation of PSU general insurers
New Delhi: The government is exploring various consolidation options including merger of state-owned general insurance companies with New India Assurance with a view to create synergy and unlock value. The Department of Investment and Public Asset...
84 pc of IMD’s subdivisions record deficient rainfall, 80 pc reservoirs have below normal storage
According to the Central Water Commission data, of the 91 major reservoirs in the country, 80 per cent have storage below normal. Of these, 11 have zero per cent storage, making the water crisis acute.
National minimum wage will hurt jobs; states must fix earnings: CII
The Code on Wages Bill provides that the central government will fix minimum wages for certain sectors, including railways and mines, while states would be free to set minimum wages for other category of employments.
Insurers hold 24.6 % of total g-sec
“The total liabilities (including liabilities under the ‘Public Account’) of the Government, as per provisional data, increased to Rs 84,68,086 crore at end-March 2019 from Rs 83,40,027 crore at end-December 2018,”
Niti Aayog asks 2-, 3-wheeler makers to present EV conversion plan in 2 weeks
The Niti Aayog has planned transitioning to full EVs for three-wheelers by 2023 and two-wheelers with an engine capacity less than 150 cc by 2025
Auto industry united in seeking GST rate cut on vehicles: SIAM
“The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from government to supplement the efforts being made by the industry in reversing the industry fortunes towards positive performance,” he said in a statement.
Insurers allowed to sell stand-alone OD auto covers from Sep 1
Consequently, effective from 1st September, 2019, the issuance of bundled policies for cars and two-wheelers will not be compulsory.Further, insurers will have the option to offer package policies, in addition to stand-alone OD and third party (TP) policies. Long term stand-alone OD policy will not be permitted for the present.
Govt may raise income-tax threshold in Budget to revive economy
Finance Minister Nirmala Sitharaman may raise the tax exemption limit for working-age individuals to Rs 300,000 ($4,316) of their annual income, up from the current Rs 250,000, the people said, asking not to be identified as they aren’t authorised to speak publicly about the proposals. The tax measures haven’t been finalised yet.
New scheme to provide social security pension to farmers
“The scheme provides for payment of a minimum fixed pension of Rs 3,000 per month to eligible farmers on attaining the age of 60 years. It is a voluntary and contributory pension scheme, with entry age of 18 to 40 years.
10 foreign reinsurers record an Indian premium of Rs 9500 crore, up 50 %,in FY 2018-19
With GIC Re’s Rs 44, 237 crore, up 6 per cent, of premium in 2018-19, the Indian reinsurance market has grown by 11 per cent to Rs 53, 730 crore in 2018-19.