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Businesses can claim GST refund for cancellation of services, goods contract

by AIP Online Bureau | Apr 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: With aviation and hospitality sectors seeing mass cancellation of bookings following COVID-19 outbreak, the CBIC has allowed businesses to claim refund of GST in cases where invoice was generated but was subsequently cancelled.   The Central Board of...

Sachin Bansal’s NAVI General Insurance begins operation

by AIP Online Bureau | Apr 14, 2020 | Indian News, Non-Life, Regulation

  Mumbai: DHFL General insurance,owned by Wadhawan Global Capital (WGC) promoted by Kapil Wadhawan,has changed hands and has started functioning as NAVI General Insurance promoted by Sachin Bansal,a technoogy enterpreneur known co-founding Flipkart.  ...

Miller modernises yacht insurance with innovative quote and bind platform

by AIP Online Bureau | Apr 14, 2020 | International News, Non-Life, Reinsurance

  London: Miller Insurance Services LLP (Miller) has launched a pioneering new quote and bind platform-Atlantic- providing a more sophisticated approach to the submission, placement and management of yacht policies.   Designed for intermediaries across the...

Extended lockdown to cause $234.4 bn economic loss: Barclays

by AIP Online Bureau | Apr 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Extension of the nationwide lockdown till May 3 will inflict an economic loss of USD 234.4 billion, and result in stagnant GDP for calendar year 2020, a British brokerage said on Tuesday.   The economic growth will be zero for calendar year 2020...

Corona death count reaches 339, cases soar to 10,363: Health Ministry

by AIP Online Bureau | Apr 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The death toll due to coronavirus infection in the country rose to 339 while the number of cases soared to 10,363 on Tuesday, said the Union Health Ministry.   While the number of active COVID-19 cases stood at 8,988, as many as 1,035 people...
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