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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...
Adequate, affordable finance remains constraint in India’s climate actions: Eco Survey
As part of dedicated efforts to preserve ecosystems, India now has 75 Ramsar sites for wetlands, in addition to various regulatory and promotional measures to protect and conserve mangroves. Continued river conservation and rejuvenation efforts are underway through...
India’s nominal GDP to be USD 3.5 trillion by end-March: Eco Survey
V. Anantha Nageswaran,Chief Economic Adviser Further support to economic growth will come from the expansion of public digital platforms and path-breaking measures such as PM GatiShakti, the National Logistics Policy and the Production-Linked Incentive schemes to...
Govt’s share in health expenditure increased from 28.6 pc in FY-14 to 40.6 pc FY-19: Eco survey
The NHA's estimates for FY-19 show that there has been an increase in the share of government health expenditure (GHE) in the total GDP from 1.2 per cent in FY-14 to 1.3 per cent in FY-19, the survey stated New Delhi: The government's share in the total health...
India’s gold demand dips marginally to 774 tonnes in 2022: WGC
India's fourth quarter gold demand in value was down 15 per cent at Rs 125,910 crore in comparison to Rs 148,780 crore in the same period of previous year India's overall gold demand remained resilient and witnessed a marginal decline of 2.92 per cent in 2022 at 774...
CR Vijayan takes over as acting secretary general of GI Council
C R Vijayan,acting secretary general, General Insurance Council, Though Inderjeet Singh, director and general manager, GIC Re has already been appointed as the secretary general of the GI Council in January first week, is yet to join as his application for...
Insurers now can pay profit related commission to their non-executive directors: IRDAI
Amount of payment of remuneration in the form of profit related commission to each of the non-executive director should not exceed the limits specified in the norms on remuneration of non-executive directors and managing director /chief executive officer / whole-time...
Neglected tropical diseases continue to pose significant health burden in India: Expert
''NTDs continue to pose significant health burdens on some of the most disadvantaged communities in India. In the country, over 670 million people are at risk of infection by Wuchereria bancrofti and Brugia malayi parasites in 272 districts which represents around 40...
Memory chip crisis threatens to wipe out earnings, destabilise suppliers
It’s been a swift descent from the industry’s pandemic sales surge, which was fueled by shoppers outfitting home offices and snapping up computers, tablets and smartphones. Now consumers and businesses are holding off on big purchases as they cope with inflation and...
Insurers hit with thousands of claims as rains soak New Zealand
Citi in a research note observed that IAG’s exposure to the floods in Auckland, which could be potentially as much as A$236 million, is “much greater” than Suncorp’s NZ$50 million cap Major insurers operating in New Zealand including Insurance Australia Group and...
9 lakh govt vehicles, buses older than 15 years to go off the road from Apr 1, says Gadkari
Nitin Gadkari,Union Minister for Road Transport & Highways 'We have now approved the scrapping of more than nine lakh government vehicles, which are more than 15 years old, and polluting buses and cars will go off the road and new vehicles with alternative fuels...
LIC says it has exposure of Rs 36,474.78 crore to Adani group
''Our total holding in the Adani group companies under equity and debt a on date is Rs 36,474.78 crore. This was Rs 35,917.31 crore as of December 31, 2022. Total purchase value of these equities of the group companies, bought over the past many years, is Rs 30,127...