The Finance Act, 2025, has increased the income threshold for...
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India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and...
Spike in Used Car Purchases: Transferring policies
“An untransferred insurance policy puts both the buyer and seller...
Why truck-bus-tanker drivers are up in arms against new law for hit-and-run cases?
There's a lack of consensus, with some arguing that over-speeding alone is not rash driving. The criteria for rash and negligent driving remain arbitrary and unclear, advocate Shashank Dewan New Delhi: With nation-wide strikes by truck drivers entering the second day...
LIC gets GST demand notice of Rs 116 crore
The demand for Telangana came a day after LIC on Monday received a similar notice demanding about Rs 806 crore for short payment of GST for 2017-18 along with interest and penalty for Maharashtra Mumbai: Life Insurance Corporation of India (LIC) on Tuesday said tax...
Truckers’ strike: AIMTC says govt assures discussion on new accident law; urges drivers to end protest
Under the Bharatiya Nyaya Sanhita (BNS), set to replace the Indian Penal Code, drivers who cause serious road accidents due to negligent driving and run away without informing authorities face up to 10 years in prison or a fine of Rs 7 lakh Mumbai/ New Delhi:...
Govt shortlists 5 GMs for selecting CMDs of New India and United India
The five GMs are –BS Rahul, Agriculture Insurance Company(AIC), Sunita Gupta, Oriental insurance Company(OIC), Hitesh Joshi along with two of his other colleagues V Balkrishna and his spouse Jayshree Bala from GIC Re Rahul will only be considered for UII and NIA...
Gold expected to move much higher in 2024
"We expect an eventual rise to USD 2,400 in 2024, and if the rupee is to be stable, gold is likely to reach around Rs 70,000 levels. As India faces elections, the rupee could weaken as Foreign Institutional Investors (FIIs) are expected to lighten up their portfolios,...
LIC receives GST notice for Rs 806 crore
LIC will file an appeal before the Commissioner (Appeals), Mumbai, against the said order within the prescribed timeline. The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore New Delhi: The Life Insurance Corporation of...
FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec
The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay - smallcase...
Gujarat govt issues guidelines for liquor law exemption rules in GIFT City
Any unit situated in GIFT City, desiring to obtain an FL-III licence shall apply to the Superintendent of Prohibition and Excise, Gandhinagar in Form "A" Gandhinagar: About a week after relaxing the liquor consumption norms for the Gujarat International Finance...
Focus shifts to healthcare delivery in 2023 as Covid stress eases
A total of 6.11 crore hospital admissions involving expenditure of Rs 78,188 crore have been authorized under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) scheme, of which 1.7 crore hospital admissions worth over Rs 25,000 crore have been authorized...
Progressive Indian general insurance sector
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance The IRDAI initiated the journey towards adopting IFRS 17 and implementing risk-based supervision and capital frameworks. Looking ahead, significant developments are anticipated in the general insurance...