Delhi Chief Minister Rekha Gupta and Union Minister Hardeep Singh...
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Wage Revision: Meeting among GIPSA, DFS and unions of 6 PSU general insurance cos postponed to Apr 30
On Sunday afternoon, GIPSA had informed the unions that the meeting...
Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath
Gita Gopinath,Chief Economist,IMF IMF chief economist Gita Gopinath...
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...
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...
EU banks ready to expand risk models to manage climate-change fallout: Survey
The results indicate that banks are increasingly concerned about the potential of global warming to hurt asset values. The industry also faces a December deadline by the European Central Bank to reflect climate risks in their governance, strategy and risk management...
FPIs continue to bet on Indian equities; infuse Rs 30,600 cr in Jun so far
This came following a nine-month high investment of Rs 43,838 crore in equities in May, Rs 11,631 crore in April and Rs 7,936 crore in March, data with the depositories showed. Before that, FPIs had pulled out over Rs 34,000 crore during January-February Going...
“Govt refused foreign-made Covid vaccines as firms were demanding indemnity” Union Health minister
Mansukh Mandaviya,Union Health Minister The minister also dismissed suggestions that approvals for vaccines were rushed without taking into account long-term side effects and that the recent spate of heart attacks was linked to it, saying the entire process from...
More positive outcomes when elders are treated locally: Study
"Intermediate care units are the newest trend in health policy, and Norway is way ahead of the curve in this regard," says Pal Erling Martinussen, a professor in the Department of Sociology and Political Science at Norwegian University of Science and Technology (NTNU)...
GST Scam: HDFC Life gets Rs 942-crore demand notice, CBIC probes more insurers
The matter relates to the claim of input tax credit against supply of services, which the GST authority believes are ineligible for such claims The D-G of GST Intelligence is currently probing large number of insurance companies and several of their intermediaries and...
Fight against inflation not over, job only half done: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India "Our job is only half done, having brought inflation within the target band (4-6 per cent). Our fight against inflation is not yet over," the RBI Governor said at the latest monetary policy meeting held from June 6-8, the...
Britain says insurer capital rule changes to start by end of 2023
The risk margin refers to the potential cost for a failing insurer to transfer its policies to a third party to avoid disruption to customers. "It is considering options to enable reforms to the matching adjustment to come into force by the end of June 2024, and the...