``The claims that the Government is considering levying are...
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Govt plans to ease nuclear liability laws to attract foreign firms, sources say
A draft law prepared by the department of atomic energy removes a...
ESIC beneficiaries can soon avail medical care in Ayushman Bharat empanelled hospitals: Mandaviya
“The ESIC provides free treatment to around 3.77 crore families,...
Pension liability between J’khand-Bihar to be resolved in Eastern Zonal Council meet
Bihar alleges that Jharkhand is a debtor of more than Rs 4,000 crore while the latter says that Bihar is responsible for the undue and illogical burden on it The Jharkhand government filed a case in the Supreme Court regarding the same which may take time to reach a...
Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions
The employee unions are also opposed to the idea of insurers distributing insurers to distribute other financial products as it may distract the companies from their insurance products, distribution and proper attention on serving the policyholders Chennai: The Unions...
GST Council agrees to decriminalise certain offences, no GST on ‘no claim bonus’ in motor policy
Accepting one of the demands of the insurance industry, Revenue Secretary Sanjay Malhotra clarified that ‘no claim bonus’ offered by the insurance companies to an insured is an admissible deduction for valuation of insurance service and does not attract GST New Delhi:...
Over 1,500 private hospitals empanelled under Ayushman Bharat in last one year: Mandaviya
Union Health Minister Mansukh Mandaviya Today, 4.5 crore needy people have been empanelled under the scheme, the minister said He said seven-eight lakh beneficiary cards are printed daily and the ministry was working to ensure that 50 crore cards are made available in...
Budget-2023-24: Tax incentive to promote Home Insurance
Rakesh Jain, CEO, Reliance General Insurance In spite of pandemic, the health insurance penetration in our country is very low. Due to such a low coverage, the cost of insurance becomes high. In order to bring down its cost, GST rate should be reduced to 5% from 18%....
Budget-2023-24:Zero-rated GST for protection products
Vighnesh Shahane, MD & CEO, Ageas Federal Life Insurance The insurance industry wish-list for the annual Budget has been largely the same for the last four-five years with the aim of driving insurance penetration in the country. A few of our recommendations...
Vaccine against cervical cancer to be included in national immunisation programme by mid-2023: NTAGI chief
India is home to about 16 per cent of the world's women and accounts for about a quarter of all cervical cancer incidences and nearly a third of global cervical cancer deaths. Indian women face a 1.6 per cent lifetime cumulative risk of developing cervical cancer and...
AP Cabinet raises the social pension to Rs 2,750 per month
The Andhra Pradesh Cabinet on Tuesday gave its green signal to increase the social pension to Rs 2,750 per month from the existing Rs 2,500. The increased pension will be distributed from January 1, 2023. According to an official release, an additional expenditure of...
Fed lifts rates by half percentage point, sees economy nearing stall speed
The U.S. central bank's projection of the target federal funds rate rising to 5.1% in 2023 is slightly higher than investors expected heading into this week's two-day policy meeting and appeared biased if anything to move higher WASHINGTON: The Federal Reserve raised...
Govt extends bid submission deadline till Jan 7 for IDBI Bank sale
The government and the Life Insurance Corporation (LIC) hold 94.71 per cent of IDBI Bank and are looking to offload 60.72 per cent in the state-owned bank. The successful bidder will have to make an open offer of acquisition of 5.28 per cent of the public...