by AIP Online Bureau | Mar 25, 2023 | Eco/Invest/Demography, Indian News, Policy
Among other proposals, the bill has proposed that from April 1, investments in debt mutual funds will be taxed as short-term capital gains. The move would strip investors of the long term tax benefits that had made such investments popular. New Delhi: The changes...
by AIP Online Bureau | Mar 24, 2023 | Eco/Invest/Demography, Indian News, Policy
Finance Minister Nirmala Sitharaman while presenting the 2023/24 budget on Feb. 1, had proposed that the government would scrap the tax exemption on the total returns upon maturity of life insurance policies if their aggregate premium exceeded Rs 500,000 ($6,103) The...
by AIP Online Bureau | Mar 24, 2023 | Indian News, Life, Policy
Currently, the insurer cannot invest more than 10% of outstanding equity in a company and 10% of the outstanding debt. New Delhi: The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a...
by AIP Online Bureau | Mar 24, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
“I propose to set up a committee under the finance secretary to look into this issue of pension and evolve an approach which addresses the need of employees while maintaining fiscal prudence to protect the common citizens. The approach will be designed for...
by AIP Online Bureau | Mar 23, 2023 | International News, Non-Life, Reinsurance
John Neal, CEO of Lloyd’s, forecast 2023 premiums of 56 billion pounds, up from 46.7 billion in 2022, according to a statement Rising interest rates have hit investments at many financial firms, and it posted a net investment loss of 3.1 billion pounds, compared with...
by AIP Online Bureau | Mar 23, 2023 | Indian News, Risk Management, Technology
As many as 12 mobile phones, 3 Laptops, 2 CPU’s, mails and tax invoices and data of 138 categories containing sensitive information of government, private organisations and individuals were seized by police Hyderabad: Cyberabad Police apprehended a gang involved...
by AIP Online Bureau | Mar 23, 2023 | Indian News, Life
Siddhartha Mohanty,acting chairman and managing director Life Insurance Corporation Currently, Mohanty is acting chairman of the country’s biggest life insurance firm after the completion of the term of MR Kumar on March 13, 2023. After becoming LIC chairman, Mohanty...
by AIP Online Bureau | Mar 23, 2023 | Indian News, Non-Life
The FIR says that the company staffers prepared false panchnama reports (survey forms), forged signatures of agriculture department officials to under-report the crop losses incurred due to unseasonal rains and other natural reasons, and prima facie cheated farmers to...
by AIP Online Bureau | Mar 23, 2023 | Indian News, Life
The four MDs who are facing the interview are- Siddhartha Mohanty, Mini Ipe, BC Patnaik and M Jagannath Since, some of the top bureaucrats who are part of FSIB , are busy during the Budget session of Parliament, the interview is being conducted virtually...
by AIP Online Bureau | Mar 23, 2023 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
Carbon footprints measure the amount of carbon dioxide released into the atmosphere as a result of everyday activities ECB runs climate stress tests on the euro zone’s commercial banks and has been increasing the penalties – or haircuts, in banking jargon...
