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Here is a masonry blog layout with no sidebarBudget 2020:Deposit insurance cover hiked to Rs 5 lakh, New income tax slab for FY 2020-21
New Delhi: Finance Minister Nirmala Sitharaman, who has presented her second Union Budget in Parliament today, has hiked insurance cover on deposists by Deposit Insurance and Credit Guarantee Corporation (DICGC) to Rs 500,000 lakh from Rs 100,000. ...
Govt mulls to amend PFRDA Act; to separate it from NPS Trust: FM Sitharaman
Budget-2020-FM announces disinvestment in LIC
New Delhi: As a part of the government's disinvestment initiative.Finance Minister Nirmala Sitharaman said that the government proposes to sell a part of its holding in LIC by initial public offering(ipo). "The government proposes to sell a...
Budget-2020:FM unveils disinvestment plans for LIC
On the the IPO size and timeline for the LIC disinvestment plans, Rajeev kumar, finance secretary cum secretary department of financial services(DFS) said the detaisl are being worked out.
“It will be finalised in the next fiscal.The required measures and the processes,including the consultations with the Law ministry,for the disinvestment of LIC, have already been initiated” said Kumar.
For every rupee in govt kitty, 64 paise come from taxes
3 PSU general insurers to receive Rs 6,950 cr capital
According to the budget papers, a sum of Rs 6,950 crore has been allocated towards recapitalisation of the government-owned general insurers – the National Insurance Company Ltd, the Oriental Insurance Company Ltd and the United India Insurance Company Ltd – so that they can maintain the required solvency ratio.
LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts
New I-T regime to curb investments, will impact market negatively: Experts
Swadeshi Jagran Manch asks PM’s to stall mergers of 3 PSU general insurers
Among other issues, SJM in its letter to PM has argued that the merger of public sector insurance companies is likely to endanger growth of insurance sector in the country in general and would hamper the successful implementation of socially important flagship insurance schemes like like Pradhan Mantri Fasal Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Aarogya Yojana,
“There will be a post-Brexit trade deal between India and the UK”
“We’ve identified a number of areas where the UK and India can work more closely together in innovative financial services- cyber, green and fintech.In fact, our ties are already strong in these areas, and many firms from the UK are already based here. Vice versa many Indian firms are in the UK. After all London’s expertise perfectly matches India’s fast growing market”
India forecasts faster economic growth, warns of fiscal challenge
1.5 lakh Ayushman Bharat Health & Wellness Centres to be set up by 2022: Survey
China:Coronavirus cases surpass SARS as big economic hit looms
IRDAI fines ICICI Lombard Gen and TATA AIG Gen Rs 1 crore each for violating regulations
“it is noted that ICICI Lombard General Insurer continued selling issuing Group Personal Accident policies with policy term of more than one year even after 1st July, 2013 and individual Personal Protect policies with policy term of more than 3 years even after 1st October, 2013, in spite of both the products not meeting the maximum policy term criteria as prescribed in the IRDA (Health Insurance) Regulations, 2013 and even after taking a certificate based approval from the IRDAI on modifying the product term in accordance to the IRDA (Health Insurance) Regulations,2013,’’ said IRDA in its rulings against the company.