by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life
Budget allocation to centrally-sponsored National Ayush Mission (NAM) also saw a 50 per cent increase from Rs 800 cores to Rs 1,200 crores for 2023-24 The NAM is focused on providing cost effective Ayush services with the universal access through up-gradation of Ayush...
by AIP Online Bureau | Feb 2, 2023 | Articles, Eco/Invest/Demography, Life
Government aims to plug the arbitrage which HNIs and other wealthy individuals are employing to get healthy tax-free returns on their lumpy Non-Par insurancepurchases The cap of Rs5 lakh will be applicable for all policies bought across insurers. Thus, as the policy...
by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Risk Management
The group’s flagship firm Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by the U.S. short-seller’s criticisms wiped billions more off the value of the Indian tycoon’s stocks. Singapore:...
by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Life
Gautam Adani, Chairman, Adani Enterprises Adani Enterprises nosedived 28.45 per cent to settle at Rs 2,128.70 on the exchange. Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including...
by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Policy
Union Finance Minister Nirmala Sitharaman In what is being seen as a push for the salaried class to switch to the new tax regime where no exemptions on investments are provided, the finance minister in her Budget for 2023-24 allowed a standard deduction of Rs 50,000...
by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
Among these central sector schemes, the budget allocation for the National Health Mission has been increased from Rs 28,974.29 crore in 2022-23 to Rs 29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it has been hiked from Rs 6,412 crore to...
by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News, Non-Life
Total domestic passenger vehicle sales were at 1,55,142 units as compared to 1,36,442 units in the corresponding period previous year, a growth of 14 per cent, it added. New Delhi: Car sales in 2023 got off to a good start with auto majors such as Maruti Suzuki, Tata...
by AIP Online Bureau | Feb 1, 2023 | Indian News, Non-Life, Policy, Regulation, Reinsurance
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News
Some budgetary announcements is negative for life insurance companies– as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for life insurance...
by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News
The Swiss lender’s private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd., according to people familiar with the matter, who asked not to be identified...
