Less than one-quarter of Karnataka's population is under the age of...
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Over 28 crore Jan Dhan accounts held by women: Sitharaman
Finance Minister Nirmala Sitharaman “When women gain financial...
Reinsurers scrap war-risk cover after US torpedoes Iranian ship
Indian insurers and reinsurers have canceled hull coverages in...
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...
Domain expertise, aptitude guide central government and PSU appointments: Top PMO official
"Domain expertise, aptitude and reputation now guide appointments across the central government and PSUs. These changes have been sustained for nearly a decade, quietly reshaping governance to meet the aspirations of a fast-evolving India," P K Mishra, Principal...
MoF asks PSUs not to incur expenditure on gifts
In the interest of economy and judicious utilisation of public resources, it is imperative that such expenditure be discontinued, said a letter from Sumantra Pal, economic advisor, Department of Public Enterprises, MoF, to PSU CEOs and administrative ministries of...
India moved to fewer GST slabs, but ‘not yet’ ready for one rate: FM
Nirmala Sitharaman,Union Finance Minister The finance minister described the ongoing reform process as part of “new generation GST reforms”, focused on making the system simpler and fairer, especially for the poor and middle class. Kolkata: Union Finance Minister...