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Govt rejects demands by industry bodies seeking zero-rating GST on healthcare services
Tarun Bajaj,Revenue secretary Responding to the representations of the industry, revenue secretary Tarun Bajaj also rejected the demand for zero-rating for healthcare industry saying such ''carve-outs'' may generate similar demands from other sectors, like education,...
Mumbai-bound SpiceJet Q400’s windshield outerpane cracks mid-air
Officials said the Kandla-Mumbai flight of SpiceJet was at 23,000 feet altitude when the windshield's outer pane cracked This is at least the seventh incident of technical malfunction happening on SpiceJet aircraft in the last 17 days Earlier in the day, SpiceJet's...
Hong Kong exchange enlists HSBC, Tencent to help create carbon market
Worldwide efforts to combat climate change have spawned voluntary carbon markets, which allow emitters to offset their carbon by purchasing so-called credits, which are issued by projects targeted at removing or cutting emissions Hong Kong: Hong Kong's stock exchange...
SBI General Insurance launches comprehensive cyber insurance cover for individuals
Anand Pejawar, Deputy managing director, SBI General Insurance SBI General Cyber VaultEdge covers unauthorised e-transactions, loss of wages resulting from identity theft and instances impacting online reputation including social media trolling, bullying, and...
Inflationary recession, a key concern for global re/insurance industry: economists and strategist at Geneva Association meeting
Given the instability and distortions that come with protracted high inflation, it could have a negative impact on the growth of insurance markets and insurance penetration. Insurers have a big tool kit at their disposal to respond to inflation, for example through...
Trading dries up on Indian crypto exchanges as new transaction tax kicks in
Three exchanges -- ZebPay, WazirX and CoinDCX -- suffered declines of between 60% and 87% in the value of daily trading immediately after the 1% tax deductible at source became effective on July 1, data from CoinGecko show Warnings from Indian crypto exchanges that a...
SpiceJet’s Delhi-Dubai flight diverted to Karachi due to fuel indicator malfunction
This is the sixth such incident on SpiceJet aircraft in the last 17 days.The Directorate General of Civil Aviation (DGCA) is investigating all six incidents New Delhi: SpiceJet's Delhi-Dubai flight was diverted to Karachi on Tuesday as the fuel indicator started...
India has eliminated all queues by going online, digital push has curbed graft, saved money: PM
Prime Minister Narendra Modi In the last eight years, he said, the DBT (Direct Benefit Transfer) initiative, which aims to transfer subsidies or financial assistance directly to eligible beneficiaries through their linked bank accounts, has saved Rs 2,23,000 crore...
IAEA Initiative sets to facilitate safe and secure deployment of small modular reactors
"In nuclear, we must have the highest standards of nuclear safety and security – they are indispensable for the public, governments and investors. Nuclear safety, security, and safeguards will be the litmus test for deployable reactors at the scale needed. The NHSI is...
Howden acquires a New Zealand broker to focus on Pacific market
Matt Bacon, CEO Howden Pacific, commented: " This acquisition is another great step forward in our strategy to expand our platform in New Zealand, and continue to offer a choice to clients and talent in this key Pacific market" Auckland: Howden, the international...
Climate change is driving 2022 extreme heat and flooding
For heatwaves and extreme rainfall, “we find we have a much better understanding of how the intensity of these events is changing due to climate change,” said study co-author Luke Harrington, a climate scientist at Victoria University of Wellington Less understood,...
Australia floods worsen as thousands more flee Sydney homes
The Insurance Council of Australia, which declared the floods a 'significant event', urged affected people to apply for claims, even though the full extent of damage was unknown now Sydney: Torrential rains kept battering Australia's east coast on Tuesday,...
Maha: IMD issues orange alert for next 5 days in Konkan; NDRF teams deployed at Mahad and Chiplun
Meanwhile, after a break of a couple of days, heavy rains returned to Mumbai on Monday. According to civic officials, the island city recorded 21 mm of rainfall from 8 am to 6 pm, while the eastern and western suburbs received 17 mm and 25 mm of rainfall, respectively...
Passenger vehicle retail sales up 40 pc in June as chip supply improves
Two-wheeler retail sales last month rose 20 per cent to 11,19,096 units, as compared to 9,30,825 units in the year-ago period, FADA data showed Commercial vehicle retail sales also witnessed an 89 per cent year-on-year increase last month at 67,696 units....
LIC to invest Rs 80.67 crore in rights issue of its Nepal joint venture
LIC, which got listed on the bourses in May, will hold its first Annual General Meeting on September 27, 2022, according to stock exchange filing. Mumbai: State-owned LIC will invest Rs 80.67 crore in the proposed rights issue of its joint venture LIC (Nepal) Ltd. The...
RBI gives green signal to HDFC, HDFC Bank merger proposal
Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan Mumbai: HDFC Bank on Monday said it has got...
Finance ministry asks CPSEs, govt depts to exempt PSU gen insurers from 1.5 solvency requirement in official tenders
The Government has recently infused capital in these three general insurers and stands committed to provide more capital, as may be required, said an ``office memorandum'' signed by Mandakini Balodhi , director(Insurance), MoF. High solvency ratio makes three of the...
Maruti Suzuki to phase out pure petrol-powered cars in 10 years
The move comes as Maruti, India's biggest car manufacturer, looks to update its product offerings in line with green targets set by the Indian government, the report said BENGALURU: Automaker Maruti Suzuki India will phase out vehicles that run completely on petrol in...