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GoM report on GST on health insurance to be placed before Council when received FinMin

GoM report on GST on health insurance to be placed before Council when received FinMin

by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

Minister of State for Finance Pankaj Chaudhary informed the House that revenue generated from GST on healthcare and life insurance services was Rs 8,263 crore and Rs 8,135 crore, respectively during fiscal 2023-24, as against Rs 7,638 crore and Rs 9,132 crore in the...

PSU general insurance industry turns profitable with a combined profit of Rs 7558 crore in Fy 24

by AIP Online Bureau | Jul 23, 2024 | Indian News, Non-Life, Policy, Reinsurance

Ministry of Finance is yet to receive any proposals on wage revision of employees of six general insurers from the GIPSA, the coordinating agency for PSU general insurers,Pankaj Chaudhary, minister of state, Ministry of Finance said in Lok Sabha on Monday New Delhi:...

Number of people earning over ₹1 crore rises to 2.16 lakh in 2023-24

by AIP Online Bureau | Feb 6, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Minister of State for Finance Pankaj Chaudhary further said the total number of individuals who reported income from ’Profession’ in AY 2023-24 stood at 12,218, up from 10,528 reported in AY 2022-23 New Delhi: The number of people earning above ₹1 crore annually has...

Mahila Samman Savings Certificate: 14.8 lakh accounts opened just in few months

by AIP Online Bureau | Aug 2, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

MSSC account may be opened by women of any age group including the girl child with a minimum deposit of Rs 1000 and a maximum deposit of Rs 2 lakhs for a period of two years New Delhi: Around 14.8 lakh accounts under Mahila Samman Savings Certificate Scheme have been...

Indian fintech market expected to reach USD 150 bn in valuation by 2025: MoS Finance

by AIP Online Bureau | Jun 8, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Technology

More than 50 lakh banking correspondents across the country are carrying out ”cash in cash out” kind of transactions using the system, UIDAI CEO Saurabh Garg said ”There is a need for a proper cyber security system, real time disputes to be solved...
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