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LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal
For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...
Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia
The lessor under Japan's Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot's insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance...
Howden unveils a new brand
IPG Howden, Asia’s leading high net worth life insurance broker, renamed Howden Private Wealth London: Howden today unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that...
UK launches review of regulators, searching for post-Brexit advantages
"It's clear that the regulators that enforce the rules can also sometimes be a blocker to businesses, so our review will seek to root out the bad practices with the aim of making companies' lives easier and reducing costs for consumers" London: The British government...
US regulators settle with more firms over use of texts and WhatsApp
The settlements mark the latest enforcement actions in the SEC's two-year crackdown on Wall Street's use of unapproved messaging apps, which has so far resulted in more than $2 billion in fines Because companies do not surveil personal messaging channels, using them...
Bangladesh dengue deaths top 1,000 in worst outbreak
There is no vaccine or drug that specifically treats dengue, which is common in South Asia during the June-to-September monsoon season as the Aedes aegypti mosquito which spreads the disease thrives in stagnant water Dhaka: The death toll from Bangladesh's worst...
Possession of e-cigarettes violation of law: Health Ministry
The ministry said that though there is no explicit mention of prohibition of individual use of e-cigarette in Prohibition of Electronic Cigarette Act (PECA) 2019, the law has been enacted to prohibit the production, manufacture, import, export, transport, sale,...
Digital ID verification checks to surpass 70 bn globally in 2024
Biometric verification methods are highly effective against these kinds of fraud, with liveness checks utilised to prevent spoofing New Delhi: The number of digital identity verification checks will surpass 70 billion in 2024, growing 16 per cent on the previous...
Early indicators of dementia: 5 behaviour changes to look for after age 50
Spotting these behavioural changes, which emerge in later life (ages 50 and over) and represent a persistent change from longstanding patterns, can be helpful for implementing preventive treatments before more severe symptoms arise Calgary:Dementia is often thought of...
Tom Hanks warns fans about his ‘AI version’ promoting dental plan: Have nothing to do with it
''Beware!! There’s a video out there promoting some dental plan with an AI version of me. I have nothing to do with it,” the 67-year-old Tom Hanks wrote alongside a screenshot of a computer-generated image of himself from the clip Hollywood veteran Tom Hanks has...
Confronting ageing: the talk Australia has to have
The rising number of older Australians is projected to increase the country's health spending on them to more than double to Australian dollar 270 billion (USD 174 billion) by 2035, even if the cost of providing care to each older person is static Public aged care...
Short bouts of activity like chores can reduce heart attack, premature death risks: Lancet Study
“The idea of accruing short bouts of moderate to vigorous activity through daily living activities makes physical activity much more accessible to people who are unwilling or unable to take part in structured exercise,” said Matthew Ahmadi, Postdoctoral Research...
Climate change likely driving early arrival of intense tropical cyclones: Study
The study shows that this seasonal shifting may be related to ocean warming, primarily driven by greenhouse gas emissions. A new study has found that climate change is likely driving the early arrival of intense tropical cyclones. The study, which was published in the...
Climate Change, poor planning make India’s monsoon season devastating
Climate change compounds the phenomenon of weather extremes, said Anjal Prakash, a research director at the Indian School of Business, with both droughts and deluges expected to intensify as the world warms. In the Himalayas, the problem of climate changed-boosted...
Thousands of govt employees protest at Ramlila Maidan to demand restoration of Old Pension Scheme
In Old Pension Scheme (OPS)), the government employees are entitled to receive pension equivalent to 50 per cent of their last drawn salary. Under the NPS, a state government employee contributes 10 per cent of his/her basic salary plus dearness allowance with the...
Festive demand steers passenger vehicle wholesales to record high in Sept
"This is the highest ever September of course, in any year in the Indian passenger vehicle history. It is also the highest ever in any month so far," said Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava New Delhi: Passenger...
Protecting older persons’ rights benefit everyone: UN chief
António Guterres,UN Secretary-General Studies show that number of people aged 65 years or older worldwide is projected to more than double – rising from 761 million in 2021 to 1.6 billion in 2050 – with the number of people aged 80 years or older growing even faster....
Pension-related concerns, healthcare among top queries of senior citizens on govt helpline
About 65 per cent of senior citizens are facing financial problems due to limited income, increased financial needs in old age, dependent younger family members, etc while 63 per cent elderly are facing social problems like age and gender discrimination, social...