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Budget Wishlist: Insurers expect for tax concessions to push industry’s growth
Scrapping or slashing of Goods and Services Tax (GST) on insurance premiums, making pension/annuity proceeds tax-free, and creating a separate category for tax deduction for premium paid are some of the budget wishlist of Indian insurers The industry players are also...
Inflow in gold ETFs drops 90 pc in 2022; asset base, investors account grow
''A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while they wait for a correction. A rising interest rate structure coupled with inflationary pressures that the economy has been witnessing for...
FPIs pull out Rs 15,236 cr from equities in Jan as China reopens
Foreign investors pulled out a net amount of Rs 15,236 crore this month so far on attractive Chinese markets and concerns about the US economy entering a recession. However, foreign portfolio investors (FPIs) have turned buyers in the last four trading sessions. The...
China’s National Bureau of Statistics refuses to reveal number of deaths occurred in December, 2022: Report
The National Bureau of Statistics reported a total of 10.41 million deaths in 2022, averaging 867,500 deaths per month. The announced 59,938 COVID-19-related deaths over a month, showcased 7 per cent of 2022's monthly average deaths, which is in no way consistent with...
First Indian intranasal Covid-19 vaccine to be launched on Jan 26
Earlier, Bharat Biotech had announced that it would sell the intranasal vaccine for Rs 325 per shot for procurement by the government and Rs 800 per shot for private vaccination centres Homegrown vaccine for the lumpy skin disease in cattle, Lumpi-ProVacInd, is likely...
343 infrastructure projects show cost overruns of Rs 4.5 lakh crore
Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages New Delhi: As many as 343 infrastructure projects,...
Maha govt positive about old pension scheme for teachers and govt employees: CM Shinde
Eknath Shinde, Chief Minister,Maharashtra Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension However, the pension amount is contributory under the National...
Study finds orienteering can train brain, help to fight cognitive decline
"Modern life may lack the specific cognitive and physical challenges the brain needs to thrive.n the absence of active navigation, we risk losing that neural architecture." says Jennifer Heisz, Canada Research Chair in Brain Health and Aging at McMaster University,...
Calorie reduction can be more effective for weight loss than intermittent fasting: Study
The number and quantity of meals were more important predictors of weight gain or reduction than the interval between meals, according to recent research. The findings of the study were published in the Journal of the American Heart Association, an open-access,...
EPFO adds 16.26 lakh net subscribers in November, 2022
Among the new members, the highest enrolment is registered in the age-group of 18-21 years with 2.77 lakh members, followed by age-group of 22-25 years with 2.32 lakh members. The age group of 18-25 years constitutes 56.60 per cent of the total of new members during...
SBI Life Insurance Q3 profit falls over 16% to Rs 304 crore
The asset under management (AUM) grew by 17 per cent from Rs 2,56,870 crore as on December 31, 2021 to Rs 2,99,990 crore as on December 31, 2022 with debt-equity mix of 71:29, it said Mumbai: Private sector SBI Life Insurance on Saturday reported more than 16 per cent...
SC turns down plea seeking to enforce ‘one car one person’ norm
The top court was hearing a plea filed by NGO Tsunami on Roads, seeking directions to initiate an effective national programme against air pollution in order to get special attention, priority and better coordination among the states and the Centre, with a better...
Contract personnel deleted software files: US on mega aviation outage
The US Federal Aviation Administration has so far found no evidence of a cyber-attack or malicious intent. The FAA continues to investigate the circumstances surrounding the outage. A glitch in the FAA software, which grounded thousands of flights in the country...
Abbott faces U.S. criminal probe over baby formula -WSJ
The U.S. Food and Drug Administration found "shocking" results during an inspection such as cracks in vital equipment, a lack of adequate hand-washing and evidence of previous bacterial contamination. The regulator and the company later reached an agreement that...
Joshimath crisis: Badrinath National Highway develops cracks
Significantly, the number of structures that have developed cracks in the holy city has increased to 863 In view of the cracks, along with the obstruction of the road to Badrinath Dham, the contact of the Indian Army with the China border may also be cut off...
Rising Pvt Sector:Tapan Singhel to replace Anjan Dey as chairman of GI Council
Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance The choice for the chairmanship of GI Council tilted in favour of one of the private sector CEOs as the market share public sector insurers, basically the four PSU general Insurers, NIA, OIC, United...
Indian insurance industry needs Rs 50k annual investment for doubling its growth in 5 yrs
Debasish Panda,chairman, IRDAI "If we have to double the penetration, every year there is a need to infuse an additional Rs 50,000 crore. While half of these funds need to be generated by the insurers internally, the other half has to mobilised from markets and...
NCLT directs lenders to maintain status quo on Reliance Capital matter
Torrent Investments had filed a plea seeking the tribunal to quash the lenders' plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Torrent Investments was the highest bidder offering Rs 8,640 crore Mumbai: The National Company...