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Here is a masonry blog layout with no sidebarBudget gives boost to govt’s focus on Ayush integration in national health ecosystem: Ministry
Budget allocation to centrally-sponsored National Ayush Mission (NAM) also saw a 50 per cent increase from Rs 800 cores to Rs 1,200 crores for 2023-24 The NAM is focused on providing cost effective Ayush services with the universal access through up-gradation of Ayush...
Budget 2023-24:Taxing Time for Life Insurers
Government aims to plug the arbitrage which HNIs and other wealthy individuals are employing to get healthy tax-free returns on their lumpy Non-Par insurancepurchases The cap of Rs5 lakh will be applicable for all policies bought across insurers. Thus, as the policy...
Citigroup wealth unit stops margin loans against India Adani’s securities – source SI
The group's flagship firm Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by the U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks. Singapore: Citigroup's...
Adani Enterprises calls off fully subscribed FPO, to return money to investors
Gautam Adani, Chairman, Adani Enterprises Adani Enterprises nosedived 28.45 per cent to settle at Rs 2,128.70 on the exchange. Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including...
‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman
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...
Budget 2023-24: Health sector allocation sees 13 pc hike, mission to eliminate sickle cell anaemia announced
Among these central sector schemes, the budget allocation for the National Health Mission has been increased from Rs 28,974.29 crore in 2022-23 to Rs 29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it has been hiked from Rs 6,412 crore to...
Car sales kick-start year 2023 with top gear
Total domestic passenger vehicle sales were at 1,55,142 units as compared to 1,36,442 units in the corresponding period previous year, a growth of 14 per cent, it added. New Delhi: Car sales in 2023 got off to a good start with auto majors such as Maruti Suzuki, Tata...
IRDAI retains reinsurance `Obligatory Cession’ at 4% for general insurers in FY2023-24
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
Budget-2023-24: Life insurance policies with over Rs 5 lakh aggregate premium no more tax exempt, life insurers’ shares tank
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...
Credit Suisse’s private bank stops margin loans on Adani Group’s bonds
The Swiss lender’s private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd., according to people familiar with the matter, who asked not to be identified...
Budget-2023-24:Sitharaman announces new savings scheme for women with 7.5% fixed interest rate for 2 years
The postal monthly income scheme also saw an enhancement of limit. In a single name, Rs 9 lakh can be invested as compared to Rs 4.5 lakh now New Delhi: Union Finance Minister Nirmala Sitharaman Wednesday announced a 'Mahila Samman Saving Certificate' with a fixed...
Budget-2023-24:No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime
Union Finance Minister Nirmala Sitharaman Sitharaman also allowed a Rs 50,000 standard deduction to taxpayers under the new regime, where assessees cannot claim deductions or exemptions on their investments She also tweaked the concessional tax regime, which was...
Budget- 2023-24: Infrastructure development capex hiked by 33 pc to Rs 10 lakh crore for 2023-24
Union Finance Minister Nirmala Sitharaman An expert committee will also be set up to make infrastructure classification and financing framework suitable for Amrit Kaal New Delhi:Finance Minister Nirmala Sitharaman on Wednesday announced hiking the capital expenditure...
47.8 cr Jan Dhan accounts opened: FM
Pradhan Mantri Jan Dhan Yojana (PMJDY) is the national mission for financial inclusion to ensure access to financial services -- savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. New Delhi: As many as 47.8 crore Jan Dhan...
Not US, UK Or China. the French are world’s worst workaholics: Survey
Nearly four in ten French business leaders admit to working intense, long hours without regular breaks, well above the 25% global average and besting rates in the US, UK and China, the survey from health insurer Bupa Global found. Americans have popularized “hustle...
Depletion Amazon rainforest contribute to melting glaciers in the Himalayas and Antarctica
Deforestation in the Amazon, the world’s largest rainforest and home to a quarter of land species, reached its fastest pace in at least 15 years last year. Scientists have discovered a new atmospheric pathway that originates in the Amazon, runs along the South...
Sebi asks Digit insurance again to refile papers for its $440 million IPO
It is the second such setback for Digit’s listing ambitions. In a Jan. 30 letter issued by the Securities and Exchange Board of India (SEBI) seen by Reuters, the regulator said it was returning Digit’s IPO papers because the company did not comply with regulations by...
FACTBOX-Later retirement, income guarantees: What’s in France’s pension reform?
From 2027, workers will have to make social security contributions over 43 years rather than 42 years in order to draw a full pension. The additional year was already foreseen in a 2014 reform but Macron is accelerating the pace of transition. Guaranteed minimum...