Overall, FPIs pulled out Rs 23,103 crore from the equities in April...
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China tightens regulations on battery-powered vehicles for higher safety standards
The Ministry of Industry and Information Technology on Monday...
Lloyd’s broker UIB charged by UK over alleged Ecuador bribes
UIB sold reinsurance services to state-backed insurers covering...
Indian Economy: Kicking into high gear
Among other notable differences: India’s middle class remains significantly smaller. Fully capturing the nation’s demographic dividend — perhaps its biggest advantage compared to bigger economies — will require broader wealth creation that resolves high unemployment...
IMA puts forward demands to govt ahead of budget presentation
In its proposal to the government for consideration in the upcoming Union Budget, the Indian Medical Association (IMA) has said deficit funding is the most important cause behind the lack of penetration of the AB-PMJAY If the funding has to be raised to at least the...
Govt notifies 3 GACs to look into complaints against social media firms
The objective of establishing the GACs is to settle the issues that users may have against the manner in which social media platforms initially addressed their complaints regarding content and other matters New Delhi: The Centre on Friday notified three grievances...
Twitter sued in Germany to force the platform to remove antisemitic content
HateAid and the European Union of Jewish Students filed the suit against Twitter to require the platform to clarify basic obligations when moderating criminal content, according to a statement on Wednesday. By filing this lawsuit, HateAid and EUJS said they’re seeking...
Budget- 2023-24: “Cut GST rate from 18% to 5% on health insurance premiums”
It is expected that the government in the upcoming budget comes up with a series of measures to boost this sector, thus considering 5% GST tax slab on health insurance premium to make it more affordable for the people living in the middle-income group to get access to...
Budget Wishlist: Insurers expect for tax concessions to push industry’s growth
Scrapping or slashing of Goods and Services Tax (GST) on insurance premiums, making pension/annuity proceeds tax-free, and creating a separate category for tax deduction for premium paid are some of the budget wishlist of Indian insurers The industry players are also...
Maha govt positive about old pension scheme for teachers and govt employees: CM Shinde
Eknath Shinde, Chief Minister,Maharashtra Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension However, the pension amount is contributory under the National...
Claims and reinsurance costs impacting on Indian insurers’ profitability
"India's privately-owned insurers, where foreign shareholdings are concentrated, have cut their exposure to high risk assets and have been early adopters of actuarial-led reserve management and risk-based capital management. This has and will continue to help private...
India’s population may have already overtaken China’s, analysts
India's population stood at 1.417 billion as of end 2022, according to estimates from the World Population Review, an independent organization focused on census and demographics.That’s a little over 5 million more than the 1.412 billion reported by China Tuesday when...
Budget-2023-24:Centre may plan rate changes in new income tax structure
While the new optional income tax scheme - announced in 2020 to make tax compliance simpler - offers lower headline taxation rates on annual income, experts say it is unattractive to many as it does not allow exemptions on housing rentals and insurance among other...