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Income tax rate cut among steps govt working on to revive growth: FM
Postmen, grameen dak sevaks may soon start selling insurance policies
India’s consumer confidence in Nov sees steepest fall in more than 5 yrs
The central bank’s survey was conducted in 13 big cities and 5,334 households. Consumers were surveyed about perceptions and expectations on the general economic situation, the jobs scenario, the overall price situation apart from income and spending.Worryingly enough, respondents felt that prices have increased in the past year and are likely to rise in the year ahead, implying inflationary pressures are likely to stay sticky in the near term.
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposure
“Even if the parent company goes for liquidation, it will be sold and somebody else will take over. So, DHFL’s share in these insurance companies will be transferred to the new owners,” he said and assured that no policyholders will be affected during the process. However, Khuntia asked insurers to write off their exposures to the housing finance company in the similar manner as they followed in the case of the now bankrupt IL&FS.
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