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GST Council to set up GoM to look into Andhra’s demand for 1 pc calamity cess

by AIP Online Bureau | Dec 21, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

The GoM in January 2019 decided to approve the levy of 1 per cent ‘calamity cess’ by Kerala for a period of two years to fund rehabilitation work in the state hit by floods. The goods and services that faced the 1 per cent cess were decided by Kerala...
NPS assets under management to touch Rs 15 lakh cr by fiscal end: PFRDA Chairman

NPS assets under management to touch Rs 15 lakh cr by fiscal end: PFRDA Chairman

by AIP Online Bureau | Dec 21, 2024 | Eco/Invest/Demography, Indian News, Intermediaries, Pension & Social Security, Regulation

(L to R)- Rama Mohan Rao Amara, MD of State Bank of India; Deepak Mohanty, chairman, PFRDA, Siddhartha Mohanty,MD&CEO, LIC; Amitabh Chaudhry, MD & CEO of Axis Bank at an event to launch of official launch of the Association of NPS Intermediaries in Mumbai...
GST Council exempts tax on insurers’ contributions to  Motor Vehicle Accident Fund, defers any decisions on life and health covers

GST Council exempts tax on insurers’ contributions to Motor Vehicle Accident Fund, defers any decisions on life and health covers

by AIP Online Bureau | Dec 21, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Policy

No decision was taken with regard to reduction in GST on insurance premiums as the GoM needed more time to study the issue. Many inputs are awaited including the one from insurance regulator IRDAI, Finance minister Nirmala Sitharaman “It was felt any decision on...

Net inflows in SIPs up 233 pc in India this year, MF industry sees 135 pc growth

by AIP Online Bureau | Dec 21, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Interestingly, the net AUM which was at Rs 49.05 lakh crore in November last year, crossed the historic milestone to touch Rs 68.08 lakh crore in November this year Total inflows into the mutual fund industry grew by 135.38 per cent at Rs 60,295.30 crore in November...

Autism a significant health burden in India: Study

by AIP Online Bureau | Dec 21, 2024 | Data, Eco/Invest/Demography, Health

The study showed that India had 708·1 case of ASD per 100, 000 persons in 2021. Of these, 483·7 were females, while 921·4 were males. About 140 per 100,000 persons suffered poor health and disability due to ASD in India in 2021 New Delhi: Autism spectrum disorder...

8.39 cr hospital admissions worth over Rs 1.16 lakh crore authorised under AB PMJAY till Nov 30: Govt

by AIP Online Bureau | Dec 20, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

Many of the states and Union territories implementing the scheme have converged their respective State Health Insurance Schemes with AB PMJAY, thereby increasing the population covered under government-funded medical insurance to include more than 18 crore families,...

GST Council to decide on insurance premium tax; major rate rejig unlikely

by AIP Online Bureau | Dec 20, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

A final decision of the insurance taxation under GST is likely on Saturday as most states are in favour of lowering taxes on premium. New Delhi: The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance...

DoT asks telcos to play cybercrime awareness caller tune 8-10 times daily

by AIP Online Bureau | Dec 20, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“In order to make the public aware about cybercrime through the caller tune campaign, it has been decided to play caller tune audios through pre-call announcement/ring back tone arrangement, which will be provided to TSPs by nodal officers of I4C. Caller tunes...
Pollution-free environment a constitutional right, says HC; pulls up authorities for ‘inaction’

Pollution-free environment a constitutional right, says HC; pulls up authorities for ‘inaction’

by AIP Online Bureau | Dec 20, 2024 | Eco/Invest/Demography, Health, Indian News

“There needs to be an inherent will, desire and resolve to curb environmental pollution, and effective and drastic steps in that regard being required to be taken, so that people are not adversely affected on health and other counts, more particularly when...
Lavanya Mundayur takes charge as CMD of Agriculture Insurance Company

Lavanya Mundayur takes charge as CMD of Agriculture Insurance Company

by AIP Online Bureau | Dec 19, 2024 | Indian News, Non-Life, Policy

Lavanya Mundayur, CMD, Agriculture Insurance Company After clearing Mundayur‘s appointment with a bit of delay, the government will now approve the appointments of new executive directors (EDs) and will also shortlist  the names for the post CMD of Oriental Insurance...
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