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GST rate rationalisation boosts consumption; economy to maintain growth momentum: FinMin report
“The rationalisation of GST rates has provided a measurable boost to consumption, as reflected in the strengthening of high-frequency indicators, including higher e-way bill generation, record festive-season automobile sales, robust UPI transaction values, and a...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering, Procurement, and Construction (EPC) and Hybrid Annuity Model (HAM) projects shall be conducted together, whereas ratings for Build-Operate-Transfer (BOT) projects shall be conducted separately New Delhi: In a...
Sebi introduces new incentive structure for mutual fund distributors
Under this, asset management companies (AMCs) will pay these distributors 1 per cent of the first lump-sum investment or the first-year SIP amount, up to Rs 2,000, provided the investor stays invested for at least a year. New Delhi:, Markets regulator Sebi on Thursday...
Individual NBP for life insurance growth estimated at 9 pc in FY2026: Icra
"The GST exemption on individual life insurance policies, which enhances customer affordability, is expected to boost individual NBP growth in the medium term. After a subdued H1, this NBP growth is projected to recover in H2 FY2026, with an overall increase of about...
New telecom cybersecurity rules in force, DoT clarifies enforcement status
The TCS Amendment Rules, 2025, notified in October, introduce new frameworks intended to strengthen India's cyber resilience and enhance security around telecom identifiers amid their growing use across banking, e-commerce and governance platforms The Department of...
Obesity, related chronic diseases costing Indian economy $28.9 billion annually: Report
The report also called for four key actions to tackle the menace. These include strengthening food environment regulation to reduce the consumption of high-fat, sugar, and salt products New Delhi: Obesity and related chronic diseases account for a growing share of...
Kerala HC issues guidelines on display of treatment rates providing aid in pvt hospitals
In order to ensure transparency, the bench directed that every clinical establishment shall prominently display, in Malayalam and English, at the reception and admission desk and on its official website the list of services offered, baseline and package rates for...
“When in doubt, choose the customer” IRDAI chief asks insurers
“Compliance cannot be a department— it must be a mind-set. And grievance redressal cannot be the end of a process— it must be our early warning system. When in doubt, choose the customer. If we do that consistently, trust will follow, growth will follow, and the...
Insurance issues hinder timely bariatric and metabolic surgery: Survey
"When patients cannot undergo bariatric surgery on time because of insurance delays, their disease continues to progress. Months are lost waiting for approvals, and during this period their metabolic, hormonal, and cardiovascular health often worsens," former OSSI...
Allianz seeks to use more artifical intelligence, to cut jobs
Companies across industries and geographic regions are increasingly using AI to speed up services and cut costs. Allianz SE is in talks about potential job cuts at its assistance and travel insurance subsidiary Allianz Partners as it seeks to use more artifical...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance for ships covered by companies that are not members of the International Group (IG) to ensure that forged documents are not provided to Indian port authorities for berthing NEW DELHI: A...
Africa Specialty Risks launches Syndicate 2454 in South Africa
Commenting on the launch of Syndicate 2454 in South Africa, Mikir Shah, chief executive officer, ASR said: “South Africa has always been and remains a key market for us, and this launch allows us to write risks directly in the market, ensuring we’re close to our...
New India pays Rs253.44 crore of dividend to government for FY25
Lto R-Kasturi Sengupta,executive director(ED), Girija Subramanian, CMD, Nirmala Sitharaman, Finance Minister, Smita Srivastava, ED, Shwetha Rao,director, Department of Financial Services, at the dividend handing over ceremony of New India Assurance in New Delhi on...
India likely to cross $4 trillion economy mark this fiscal: CEA Nageswaran
Chief Economic Advisor V. Anantha Nageswaran noted India is fully aware of the risks posed by climate change, including its impact on agriculture, the environment, and coastal regions New Delhi: Chief Economic Advisor V. Anantha Nageswaran said on Tuesday that India’s...
Heavy rainfall unleashes deadly floods across Southeast Asia
Total number of confirmed dead in Vietnam is now 91.Flooding in southern Thailand has killed at least 13 people and swamped around 800,000 households and rubber- and palm oil-producing areas. In Peninsular Malaysia, more than 16,000 people have been displaced, while...
Sitharman meets trade unions for pre-budgetary consultations
The unions demanded that the government must withdraw the proposal permitting 100% FDI in the insurance sector and stop the privatisation of Life Insurance Corporation and the four PSU general insurance companies New Delhi: Finance Minister Nirmala Sitharaman has met...
Volcanic ash disrupts air travel: Multiple flights cancelled in India
“Following the recent eruption of the #HayliGubbi volcano in #Ethiopia, ash clouds are reported to be drifting towards parts of western India,” IndiGo said in a post on social media platform X. New Delhi: Air travel in India has faced disruptions after a volcanic ash...
Indian banks consider financing Russian oil from non-sanctioned sellers
That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of clearing payments for any Russian cargoes, citing difficulties in verifying the supply chain, the people said. Banks in India are now willing to...