Ajay Seth,chairman,IRDAI Seth asked the insurers to strengthen and...
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India moved to fewer GST slabs, but ‘not yet’ ready for one rate: FM
Nirmala Sitharaman,Union Finance Minister The finance minister...
Finance Ministry urges employees to opt for UPS before Sept 30 deadline
Around 31,555 central government employees had opted for the UPS...
Delhi HC orders Delhi Government to provide Rs 50,000 ex-gratia compensation to families of COVID-19 victims
In a judgment, the apex court had made clear that irrespective of the cause of death mentioned in the death certificate, if a family member satisfies the requisite eligibility criteria, he or she shall also be entitled to the ex gratia payment of Rs 50,000 on...
Maruti Suzuki may see some increase in costs due to Red Sea crisis
Similarly, the situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. New...
MoS Health Bharati Pawar lists out measures taken to ensure quality of medicines
Bharati Pravin Pawar,Union Minister of State for Health and Family Welfare The Drugs and Cosmetics Rules, 1945, have been amended, making it mandatory that before the grant of manufacturing licence, the manufacturing establishment be inspected jointly by the Drugs...
ESIC extends medical benefits to superannuated insured persons with relaxed norms
The persons who were in the insurable employment for at least 5 years after April 1, 2012 and superannuated/voluntarily retired on or after April 1, 2017 with wages up to Rs 30,000 per month will be benefitted under the new scheme New Delhi: The Employees’ State...
EPFO fixes 8.25 pc interest rate on employees’ provident fund for 2023-24
"The EPFO's apex decision making body Central Board of Trustees (CBT) has decided to provide 8.25 per cent rate of interest on EPF for 2023-24 at its meeting on Saturday,” a source said New Delhi: Retirement fund body EPFO on Saturday fixed a three-year high interest...
RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh
"Considering the crucial role of non-executive directors in efficient functioning of bank boards and its various committees and in order to further enable the banks to sufficiently attract qualified competent individuals on their boards, it has been decided to revise...
Govt formulating action plan to compensate victims of cyber financial frauds
Vivek Joshi, Secretary, Department of Financial Services Also discussed was the issue of integration of Citizen Financial Cyber Fraud Reporting and Management System platform with National Cybercrime Reporting Portal with the aim to centralise the platform that will...
Govt and ADB sign $200 million loan to tackle flood and erosion risk along Brahmaputra river
“Through the project, ADB continues to pursue its cost-effective, adaptive, and systematic river stabilisation approach to managing the Brahmaputra river. While deploying riverbank protection technology, ADB will also continue to build the capacity of state agencies...
New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses
"FY24 continues to be a challenging year for the company. In the third quarter, the country witnessed catastrophic events like cyclone Michaung and floods in South India, Sikkim West Bengal. The net impact of these events on the company's third-quarter results was...
Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues
The exporting community has urged the commerce ministry to intervene in freight rates as the shippers are charging huge amounts.High freight rates are impacting the exporting community. We are at dis-advantageous position as compared to countries which are not getting...