According to the study by Delhi-based climate and energy think-tank...
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Tax department notifies ITR-U; taxpayers can file updated ITR for 4 years
For ITR-U filed within 12 months and 24 months of the end of...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
"CCI approves the proposed combination involving acquisition of...
Insurance contracts have very little option for consumers except to sign on dotted lines: SC
“Such contracts demand a very high degree of prudence, good faith, disclosure and notice on the part of the insurer, being different facets of the doctrine of fairness. Though, a contract of insurance is a voluntary act on the part of the consumer, the obvious...
LIC net profit jumps 11fold to Rs15,952 crore in Q2
LIC's net premium income rose more than 26 per cent to Rs 1.32 trillion , the company said in an exchange filing Mumbai: A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped national insurer...
ASCI flags concerns around ‘dark patterns’ in digital advertising, proposes to expand code
A consumer is tricked into buying a more expensive product, paying more than what was initially disclosed, sharing data or making choices based on false or paid-for reviews by deploying 'dark patterns'. Mumbai: ASCI, a self-regulatory body of the advertising industry,...
Telemedicine will witness revolutionary change with improvements in connectivity: ISRO Chairman
Telemedicine connectivity can be strengthened, and the services can be expanded in rural areas with the spread of connectivity through satellites," ISRO Chairman S Somnath "Telemedicine could help bring down the cost of health care. He also noted that 5G connectivity...
Irdai proposes allowing insurers to invest in unlisted companies
IRDAI has sent a proposal to the government to allow buying a more than 10% stake in unlisted firms by insurers, using over 10% of the monies lying in their shareholders fund, policyholders fund, or funds maintained by a reinsurance company, according to the two...
Money in NPS belongs to people can’t go back to state govts as per law FM
Nirmala Sitharaman, Finance Minister Responding to queries on restoration of the old pension scheme (OPS), Sitharaman clarified at a press conference that Rajasthan and Chhattisgarh governments that are asking the Centre to return the money, cannot get it back as per...
Govt amends Aadhaar rules; supporting documents may be updated ‘at least once’ in 10 years
“Aadhaar number holders may, on completion of every 10 years from the date of enrolment for Aadhaar, update their supporting documents in Aadhaar, at least once, by submitting Proof of Identity (POI) and Proof of Address (POA) documents…so as to ensure continued...
GIC Re net profit surges 85% to Rs 1,860 crore in Q2 FY2023
Devesh Shrtivastav, CMD, GIC Re GIC Re has performed well in the last couple of quarters, despite uncertain market condition owing to sanction, political upheaval, wear and tear of war crises, and vagaries of climate change. I think, we weathered the Pandemic...
Insurers take up `GST evasion’ issue with Govt, Revenue Secy Bajaj assures fair investigation and no coercive actions
Tarun Bajaj, revenue secretary, ministry of finance The government has said investigations by the Directorate General of GST Intelligence, Mumbai Zonal Unit have revealed that input tax credit of Rs 824 crore has been availed by 16 insurers, out of which an amount of...
FinMin finalizes framework for sovereign green bonds
These rupee-denominated papers will have long tenure to suit the requirement of green infrastructure projects. New Delhi: The Finance Ministry has finalized the framework to issue sovereign green bonds in line with global standards, according to sources. The...