by AIP Online Bureau | Feb 4, 2023 | Eco/Invest/Demography, Indian News, Policy
Sanjay Malhotra,Revenue Secretary “I would also like to point out that the savings through tax exemptions is actually a very small portion of the total savings of our country, which are about Rs 25 lakh crore for households. Savings through tax (saving)...
by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Policy
Union Finance Minister Nirmala Sitharaman In what is being seen as a push for the salaried class to switch to the new tax regime where no exemptions on investments are provided, the finance minister in her Budget for 2023-24 allowed a standard deduction of Rs 50,000...
by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News
Some budgetary announcements is negative for life insurance companies– as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for life insurance...
by AIP Online Bureau | Dec 15, 2022 | Articles, Health, Non-Life, Policy
Rakesh Jain, CEO, Reliance General Insurance In spite of pandemic, the health insurance penetration in our country is very low. Due to such a low coverage, the cost of insurance becomes high. In order to bring down its cost, GST rate should be reduced to 5% from 18%....
by AIP Online Bureau | Feb 27, 2022 | Eco/Invest/Demography, Health, Indian News, Policy
”Niti Aayog, in collaboration with IEG and PHFI, is reviewing the evidence available to understand the actions India can take, such as front-of-pack labelling, marketing and advertising of HFSS foods and taxation of foods high in fats, sugar and salt, ” it...
