Ageas Federal Life Insurance, has announced a strategic SME...
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HDFC Life Q2 net profit inches up 3 pc to Rs 447 cr
"The recent GST revisions are a constructive structural shift aimed...
Marsh McLennan and its businesses will brand as Marsh
Creates a new unit, Business and Client Services (BCS), to...
GST Council defers any decision on reduction of taxes on Health and Life covers
The council has recommended to constitute a Group of Ministers (GoM) to holistically look into the issues pertaining to GST on the life insurance and health insurance.The GoM members are Bihar, UP, West Bengal, Karnataka, Kerala, Rajasthan, Andhra Pradesh, Meghalaya,...
Squatter demands Rs 50 crore to vacate Bima Sugam’s domain name
Details like, when exactly he developed the site, whether he knew about IRDAI’ Bima Sugam project by the time he started developing the website, which is being talked about for almost last two years, what activities he was undertaking through the site, are not known...
Prasun Sikdar set to become the first CEO of Bima Sugam
Prasun Sikdar,MD & CEO designate, Bima Sugam India Federation Sources point out that a formal decision to appoint Sikdar, who is already a board member of the Bima Sugam India Federation, as the CEO of the company has been taken by the IRDAI in consultation with...
Govt takes a host of measures for LGBTQI+ community
Department of Financial Services (DFS) has issued an advisory that there are no restrictions for persons of the queer community to open a joint bank account and also to nominate a person in queer relationship as a nominee to receive the balance in the account, in the...
Lenders to Reliance Capital accuse IIHL of using delaying tactics
According to sources, lenders claimed that IIHL's move to seek approval from the Department of Industrial Policy and Promotion (DIPP) is an afterthought. It was not even a part of conditions set out by the NCLT while approving the resolution plan on February 27, 2024...
UK’s Aviva conspired to dodge India compensation and tax rules, DGCI says
The case is part of broader investigation into over a dozen Indian insurers for alleged evasion of $610 million in unpaid taxes, interest and penalties. The roughly $26 million in fake invoices were used by Aviva incorrectly to claim tax credits and evade $5.2 million...
LIC pays Rs 3662 cr dividend cheque to Sitharaman
(L toR) M P Tangirala, additional secretary, Department of of Financial Services, Siddhartha Mohanty, CEO & MD, LIC, Nirmala Sitharaman, Union Minister of Finance, M Jagannath, MD, LIC LIC also paid interim dividend of Rs. 2441.45 crores on 1st March 2024, thus...
Sept 9 GST council meet to discuss rationalisation of tax , final decision later: FM
Nirmala Sitharaman,Finance Minister "The upcoming GST Council meeting will take up the issue of rate rationalisation. There will be a discussion on the issue. Committee of officers will make a presentation on rate rationalisation," Sitharaman told New Delhi: Finance...
Pradhan Mantri Jan Dhan Yojana@10: World’s Largest Financial Inclusion Mission
PMJDY, the world’s largest successful mission has already crossed the 53 crore beneficiaries mark Through PMJDY, one can avail benefits of multiple schemes via Direct Benefit Transfer (DBT). They include Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri...
TPA Consolidation: Medi Assist to acquire Fairfax-backed Paramount Health Services & Insurance TPA for Rs 311 cr
Paramount TPA is owned by Nayan Shah family and Fairfax Asia, which had picked up 51 % in the company in 2020 With the acquisition of Paramount TPA, Medi Assist TPA market share will grow to 36.6% for the group segment and 23.6% of the health insurance industry, by...