Earlier this month, the proposed sale of a 60.72 per cent majority...
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Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull &...
Post Brexit,UK seeks closer EU ties on financial services for growth
Six years after Britain left the European Union, Keir Starmer’s...
FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and insurance companies on one financial street as a historic first for any state capital in India Amaravati:Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu on...
Universal Coverage:Rebuilding India’s Health Insurance Architecture
Health insurance sector itself is facing headwinds with 12-15% medical inflation, opaque pricing structure, and strained insurer–hospital relations. Insurers are under stress with combined ratios above 110% and low single-digit RoEs. Cutting GST on health insurance to...
Govt plans to extend tax holiday to 15 yrs on profits earned by aircraft leasing firms in GIFT City
Plane leasing companies housed at Gujarat International Finance Tec-City, or GIFT City, currently get a tax waiver for 10 years. Expanding this benefit by five years will make GIFT City more attractive to lessors who typically make the bulk of the profit on an...
Govt returns Rs1,887 crore unclaimed financial assets to citizens in 2 months
Unclaimed financial assets such as insurance policy claims, bank deposits, dividends, shares, and income from mutual funds often remain unclaimed due to a lack of awareness or outdated account details New Delhi: The Secretary of the Department of Financial Services,...
GST rate rationalisation boosts consumption; economy to maintain growth momentum: FinMin report
“The rationalisation of GST rates has provided a measurable boost to consumption, as reflected in the strengthening of high-frequency indicators, including higher e-way bill generation, record festive-season automobile sales, robust UPI transaction values, and a...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering, Procurement, and Construction (EPC) and Hybrid Annuity Model (HAM) projects shall be conducted together, whereas ratings for Build-Operate-Transfer (BOT) projects shall be conducted separately New Delhi: In a...
Sebi introduces new incentive structure for mutual fund distributors
Under this, asset management companies (AMCs) will pay these distributors 1 per cent of the first lump-sum investment or the first-year SIP amount, up to Rs 2,000, provided the investor stays invested for at least a year. New Delhi:, Markets regulator Sebi on Thursday...
Individual NBP for life insurance growth estimated at 9 pc in FY2026: Icra
"The GST exemption on individual life insurance policies, which enhances customer affordability, is expected to boost individual NBP growth in the medium term. After a subdued H1, this NBP growth is projected to recover in H2 FY2026, with an overall increase of about...
Kerala HC issues guidelines on display of treatment rates providing aid in pvt hospitals
In order to ensure transparency, the bench directed that every clinical establishment shall prominently display, in Malayalam and English, at the reception and admission desk and on its official website the list of services offered, baseline and package rates for...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance for ships covered by companies that are not members of the International Group (IG) to ensure that forged documents are not provided to Indian port authorities for berthing NEW DELHI: A...