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...
GST overhaul a people’s reform, touches every family: Sitharaman
Nirmala Sitharaman,Finance Minister Within days of the decision, from car makers to public sector insurance companies and shoe and apparel brands have already announced significant price cuts and the rest are likely to follow suit by the time new GST rates are...
GST cut to uplift demands for 2-wheelers and PVs: Crisil
“With the GST cut fully passed on, vehicle prices are expected to drop 5-10 per cent (Rs 30,000–60,000 on small PVs; Rs 3,000–7,000 on two-wheelers),” said Anuj Sethi, Senior Director, Crisil Ratings. New Delhi: Two-wheelers and passenger vehicles (PVs), which...
SC takes note of landslides, floods; seeks response of Centre, NDMA and affected states
SC was responding to a plea alleging illegal felling of trees as a key reason for such disasters. New Delhi: Taking note of the unprecedented landslides and floods in states such as Himachal Pradesh and Uttarakhand, the Supreme Court on Thursday sought responses from...
New India to pass on maximum benefit of 18% GST exemption to retail Health Insurance customers
``As India’s most trusted insurance partner, New India Assurance takes pride in passing on maximum benefit accruing out of this exemption to our valued customers. NIA commits to put in all possible efforts to make Viksit Bharat 2047 a reality,...
Small cars, bikes up to 350 cc to get cheaper as GST reforms kick in
GST rates on small cars and motorcycles up to 350 cc, three-wheelers, buses, trucks, and ambulances has been reduced from 28 percent to 18 percent. New Delhi: Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday approved a complete...
GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
The government had proposed completely exempting life and health insurance premium from Goods and Services Tax (GST), Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary had said earlier. Health and term insurance premiums may become cheaper if...
Next gen GST reforms will set economy open and transparent: Sitharaman
Union Finance Minister Nirmala Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for...
Insurers should learn to innovate using powerful Digital Public Infrastructure platform: New IRDAI chairman Seth
Ajay Seth, chairman,IRDAI ``We see the Accounts Aggregator Framework promoting the use of data, analytics and technology for designing insurance products that are more affordable, accessible, and tailored to people’s needs. We encourage more insurance companies to...
Income growth, demographics and awareness push Indians to opt for finances over physical assets: Goldman Sachs
This growth, according to the Goldman Sachs report, will translate into cumulative inflows of around USD 9.5 trillion into financial assets over the next decade, out of which it expects a significant portion (USD 4 trillion or more) to be allocated to long-term...
Automakers report dip in vehicle dispatches in Aug as buyers await price cut in GST rejig
The country's largest carmaker Maruti Suzuki India reported an 8 per cent year-on-year dip in dispatches of passenger vehicles in the domestic market last month New Delhi: Leading automakers Maruti Suzuki, Hyundai, Mahindra, and Tata Motors saw a dip in dispatches to...