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Govt not planning to levy any tax on diesel vehicles: Nitin Gadkari
Nitin Gadkari ,union minister, Ministry of road, transport and...
RBI says 15 large NBFCs to comply with enhanced regulatory requirements
Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and...
Par panel recommends fixing of minimum compulsory period of working within country for docs
The committee observed that medical health care system encompasses health professionals working in the area of para medical disciplines like physiotherapy, optometry and other allied fields where there is no standardisation of curriculum or regulation of the quality of education and practice.
Irdai extends Aadhaar linking deadline for insurance policies
The Supreme Court of India in Writ Petition (vide order dated March 13) extended the deadline of linking Aadhaar till the matter is finally heard and the judgement is pronounced.The Irdai decision to indefinitely extend the March 31 deadline comes in wake of the Supreme Court order.
List steps taken to assure safety of P&W engines: HC to DGCA
A bench of Justices Naresh Patil and G S Kulkarni also said that merely grounding some aircraft or following the directive of the European Air Safety Authority (EASA) against the use of P&W 1100 engines belonging to the ‘450 and beyond’ series, was not enough.The court said it was the “duty” of the Union government (UoI) and the DGCA to ensure that all aircraft were safe for travel and passengers were assured of their safety.
Modi’s flagship crop insurance scheme loses momentum as coverage area reduces
As per the government’s targets, the coverage in 2017-18 should have increased to 40 per cent but has actually reduced to 24 per cent.The crop insurance scheme has also witnessed a 14 per cent drop in the number of farmers insured to 47.9 million in 2017-18 from 55.3 million in 2016-17.
Sebi plans to lower expenses charged by mutual funds
The regulator is also looking to amend the regulatory framework to enable disclosures related to mutual funds in investor-friendly electronic form.Under this, mutual fund houses need to prominently disclose on a daily basis the total expenses charged to customers for all schemes under a separate head on their websites. Besides, they need to communicate to investors latest net asset value (NAVs) through SMS following a request from the unitholder.
SAT sets aside IRDAI’s order suspending E-Meditek Insurance TPA’s license without notice
SAT has asked the insurance regulator IRDAI to pass a new order after providing an “opportunity of hearing’’ to E-Meditek Insurance TPA(as expeditiously as possible.
UIDAI dismisses report of data leak, says Aadhaar remains safe
UIDAI argued that mere availability of Aadhaar number with a third person “will not be a security threat to the Aadhaar holder” nor will it lead to financial or other fraud. This is because a transaction is contingent upon a successful authentication through fingerprint, Iris or OTP of the Aadhaar holder, UIDAI said.
LIC exceeds target in individual segment, piles up Rs 5 trn of assets in FY 2017-18
“We have exceeded current fiscal target of Rs 38,000 crore by achieving 12-15 per cent growth in the premium income in the individual segment. We will have a premium income of around Rs 42-43,000 in this segment by the end of the current fiscal, We have also almost added another Rs 5 trillion of assets to existing assets of Rs 25 trillion during the year,’’ said VK Sharma, chairman, LIC to Asia Insurance Post.
Market crash wipes out Rs 1.57 lakh crore of investor wealth
“The fears of a global trade war played a major role in today’s fall across global markets. Locally, markets have been facing headwinds since the start of February, be it the imposition of long term capital gains or the much talked about banking fraud. This being a politically busy year in India, volatility can stay high for an extended period,” said Devang Mehta, Head – Equity Advisory, Centrum Wealth Management.
FIR by CBI against officials of United India, Deccan Chronicle Holdings, CARE and IDFC, alleges collusion to defraud UII Rs 30 cr
CBI has alleged that A Balasubramanian (former Deputy General Manager of UIIC’s investment department,) and K L Kunjilwar (ex-chief manager),made suspicious investments through the privately placed short term unsecured redeemable non-convertible debentures issued by DCHL in 2011 in violation of the regulations,instructions and procedures.