Rajesh Agrawal,Commerce Secretary The scheme focuses on mitigating...
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West Asia Crisis:Govt considers setting up of a Rs 1000 crore Marine Reinsurance Pool and Indian P&I Club as insurance premiums rise for ships
Rajesh Kumar Sinha,Special Secretary, Shipping Ministry Speaking...
AIC launches Krishi Sakhi for Women farmers
The initiative is in alignment with the recognition of the year...
Uttarakhand HC seeks responses of RBI, telecom companies, communications ministry in ‘digital arrest’ fraud case
The bench directed that the Standard Operating Procedure (SOP) or prescribed measures to curb cybercrime be circulated to every police station Nainital: The Uttarakhand High Court Thursday directed the Reserve Bank of India, telecom companies, the Union communications...
GST exemption may hit insurers in short term, but long-term gains likely: Experts
"For term insurance, GST exemption could result in notable cost reduction, making them more affordable. On the other hand, insurers may lose eligibility for input tax credits. For ULIPs, these products contain a significant investment component; hence, the direct...
SC takes note of landslides, floods; seeks response of Centre, NDMA and affected states
SC was responding to a plea alleging illegal felling of trees as a key reason for such disasters. New Delhi: Taking note of the unprecedented landslides and floods in states such as Himachal Pradesh and Uttarakhand, the Supreme Court on Thursday sought responses from...
Insurance stocks in limelight as life and health insurance exempt from GST
Shares of Star Health and Allied Insurance Company skyrocketed 9.35 per cent, Niva Bupa Health Insurance Company zoomed 9 per cent, ICICI Prudential Life Insurance Company jumped 5.70 per cent, ICICI Lombard General Insurance Company rallied 5 per cent, Life Insurance...
New India to pass on maximum benefit of 18% GST exemption to retail Health Insurance customers
``As India’s most trusted insurance partner, New India Assurance takes pride in passing on maximum benefit accruing out of this exemption to our valued customers. NIA commits to put in all possible efforts to make Viksit Bharat 2047 a reality,...
Small cars, bikes up to 350 cc to get cheaper as GST reforms kick in
GST rates on small cars and motorcycles up to 350 cc, three-wheelers, buses, trucks, and ambulances has been reduced from 28 percent to 18 percent. New Delhi: Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday approved a complete...
18% GST on re/insurance premiums of retail Life and Health covers removed from Sept 22, insurers have to pass on benefits to customers: Sitharaman
``We have decided to remove 18 per cent GST from all individual Life and Health Insurance to make them affordable for common man and widen country' insurance coverage. The exemption on Health Insurance will also cover family floater. The reinsurance premium of these...
GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
The government had proposed completely exempting life and health insurance premium from Goods and Services Tax (GST), Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary had said earlier. Health and term insurance premiums may become cheaper if...
Next gen GST reforms will set economy open and transparent: Sitharaman
Union Finance Minister Nirmala Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for...
UII challenges NCDRC’s order in SC on settling Rajasthan Royals’s Rs 82 lakh due to Sreesanth’s injury
UII had rejected the claims saying Sreesanth had a pre-existing toe injury which was not disclosed by Rajasthan Royals New Delhi: State owned United India Insurance has appealed to the Supreme Court challenging an order of the National Consumer Disputes...