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“Shall take up with the GST Council,’ says FM Sitharaman on reduction of GST on Life and Health Insurance

“Shall take up with the GST Council,’ says FM Sitharaman on reduction of GST on Life and Health Insurance

by AIP Online Bureau | Aug 7, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

Finance Minister Nirmala Sitharaman Around Rs 24,529 crore was collected from GST on health and life insurance in the last three financial years.73-74 per cent of the amount collected under the GST goes to the states,” Nirmala Sitharaman, union finance said in...
Lloyd’s financial strength rating upgraded by AM Best

Lloyd’s financial strength rating upgraded by AM Best

by AIP Online Bureau | Aug 7, 2024 | International News, Non-Life, Reinsurance

Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
Take measures to curb bulk communications using voice calls: Centre

Take measures to curb bulk communications using voice calls: Centre

by AIP Online Bureau | Aug 7, 2024 | Indian News, Policy, Regulation, Technology

The Telecom Regulatory Authority of India (TRAI) held a meeting with the industry stakeholders in the national capital to discuss action on spammers, amid growing consumer complaints about unsolicited commercial calls.The issue involves multiple stakeholders —...
Explainer: Why does Nepal suffer so many air crashes?

Explainer: Why does Nepal suffer so many air crashes?

by AIP Online Bureau | Aug 7, 2024 | Disaster & Management, Eco/Invest/Demography, Features, Non-Life, Reinsurance, Risk Management, Technology

In a 2023 safety report, the Civil Aviation Authority of Nepal (CAAN) said collision with terrain or another obstacle was the main risk, accounting for 93% of deaths in air accidents in the prior decade On July 22, 2024, eighteen people were killed in Nepal when a...

Helicopter with 5 people on board crashes in the mountains northwest of Nepal’s capital

by AIP Online Bureau | Aug 7, 2024 | International News, Non-Life, Reinsurance, Risk Management

The four passengers are Chinese nationals, and the pilot is a Nepali man, police said. No further details were immediately available KATHMANDU: A helicopter crashed in a forest outside Nepal’s capital Kathmandu shortly after takeoff on Wednesday, killing all...
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