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Law must remain responsive to lived human realities, says SC; enhances compensation
“If the law is capable of recognising anticipated economic...
Insurance joint secretary Goyal shifted out of DFS
Parshant K Goyal DFS, headed by secretary M Nagaraju currently...
LIC sees Rs 1,100 crore premium inflows on first day of GST relief
Industry experts said that the removal of GST has made traditional life insurance policies more affordable and attractive for individual buyers, which is expected to push up sales in the coming months Mumbai: Life Insurance Corporation of India (LIC) attracted strong...
Govt set to finalise 14% wage hike for PSU general insurance companies
Something that will cheer the employees is that all their arrears since August, 2022, when the salary revision is due, will be credited to all eligible employees in October 2025 New Delhi: The government has managed to prevail upon 35,000 workforce of PSU general...
FSSAI launches dedicated licensing window for Ayurveda Aahara products
The initiative has been developed in close collaboration with the Ministry of Ayush, reflecting the Government of India's commitment to integrating traditional Ayurvedic wisdom with modern food safety practices. This approach is designed to benefit both industry...
India’s resilience stands out amid increased global uncertainties: Sitharaman
"But amidst all uncertain global situations, India's resilience stands out and several favourable factors, such as strong macroeconomic fundamentals, a young demography, and greater reliance on domestic demand, provide the core strength to the Indian economy,"Finance...
100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance
The proposed changes to the Amended 2015 Rules make it clear that the government’s intent is not limited to encourage foreign investment in the insurance sector, but it extends to provide a more friendly regulatory environment to both the new foreign entrants, as well...
Expanding Life and Health insurance can boost ASEAN growth, says a Study
In partnership with PwC, the study evaluates the social and economic impact of insurance in six ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. A 50 per cent growth in non-life insurance coverage is projected to yield up to 3.1...
Insurers start passing on full benefits of zero GST on retail Life and Health covers
``The net outgo for individual consumers has been reduced for products like Health Insurance, Personal Accident & Travel Insurance, maintaining the same policy coverage and claims servicing standards'' Naveen Chandra Jha, MD and CEO, SBI General Insurance New...
‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday
Underlining that the mantra of ‘Nagarik Devobhava’ is clearly reflected in the Next Generation GST reforms, the PM highlighted that when the income tax relief and GST reductions are combined, the decisions taken over the past year will result in savings exceeding ₹2.5...
“Learning from disasters, Himachal govt to frame strict building norms for rural areas”: HP Minister Rajesh Dharmani
Attributing the increasing devastation to climate change and rising temperaturesIn the past three years, disasters have caused damages of ₹20,000 crore to Himachal Pradesh., Chief minister Sukhvinder Singh Sukhu,said Shimla: Taking lessons from the widespread...
States’ expenses on salary, pension, interest payment rise 2.5 times in 10 years since FY14: CAG
These three components totalling Rs 29,99,760 crore together constituted more than 83 per cent of total revenue expenditure, according to the report which provides an overview of finances of 28 states for the financial year 2022-23, together with fiscal data and...