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MoF asks PSUs not to incur expenditure on gifts
In the interest of economy and judicious utilisation of public...
Consumer Affairs Ministry activates dedicated INGRAM portal to handle GST-related complaints
This category features major sub-categories, including Automobiles,...
India antitrust body examining Air India, Vistara merger -source
The Competition Commission of India (CCI) has sent a so-called "show cause" notice to Air India to explain its position, expressing concern that on some routes and categories - such as business class travel - the merged entity could have a monopoly, the source said...
Odisha train tragedies: Only 22 claims under IRCTC insurance
The IRDAI said two claims have been settled for Rs.2.25 lakh and the remaining 20 claims have to be settled. The total amount claimed was Rs. 60.52 lakh and after the settling two claims Rs.58.27 lakh remain to be settled Chennai: A total of 22 claims for disability...
Bupa backs 18 start-ups in sustainability and health drive
Iñaki Ereño, Group CEO,Bupa further networking opportunities to 18 global start-ups which are pioneering products aimed at tackling climate change in innovative new ways. Iñaki Ereño, Bupa’s Group CEO, said: “As a provider of healthcare services to millions of people...
Merger of HDFC with HDFC Bank effective from July 1: Deepak Parekh
The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13 Earlier, IRDAI had approved HDFC Ltd's move to transfer its near...
IRDAI set to implement 1st phase of ‘Risk Based Supervision’ pilots from July
With a view to promote a ‘Principle based Regulatory regime’, foster ease of doing business and encourage proactive risk identification and management, the IRDAI has been working towards developing and implementing (RBS)framework for insurance sector in India, said...
ICICI Pru Life gets GST demand notice for Rs 492 cr
The insurer has confirmed that it received a show cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI), asking the company to show cause as to why a tax of Rs 492,06,48,296 pertaining to the period July 2017 to July 2022 should not be...
`Insurance Bill, 2023′: Govt drops major reform plans for Indian insurance sector
In a surprising development, The Insurance Bill, 2023,’ drafted by the department of financial services(DFS) and now may be ready to be presented in the monsoon session of the Parliament, has no mention of any proposals relating to much talked about new systems like...
Wife entitled for equal share in property, rules Madras High Court
The judge said the defendant woman being a homemaker, though she did not make any direct financial contribution, played a vital role in managing the household chores by looking after the children, cooking, cleaning and managing day-to-day affairs of the family without...
EPFO extends deadline to apply for higher pension till July 11
This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the...
Will bring new vehicles that run on ethanol: Gadkari
“We are bringing new vehicles that will run entirely on ethanol. Bajaj, TVS and Hero scooters will run on 100 per cent ethanol," said Union minister Nitin Gadkari Gadkari said he would launch Toyota company’s Camry car in August, which will run 100 per cent on ethanol...