News for 'Insurance Laws'

Govt might resort to ordinance route for insurance, coal Bills

Govt might resort to ordinance route for insurance, coal Bills

Rediff.com23 Dec 2014

Since Parliament is still in session, the government refrained from making an official statement but the ministers said there were ample 'precedents by the Congress governments in the past' of Bills being pushed through the ordinance route.

Farmers' outfit warns of another protest if...

Farmers' outfit warns of another protest if...

Rediff.com20 Mar 2023

A 15-member SKM delegation met with Union Agriculture Minister Narendra Singh Tomar at Krishi Bhawan in the afternoon and submitted a demand charter, farmer leader Darshan Pal said.

Mamata, BJP trade verbal blows over NIA team attack in Bengal

Mamata, BJP trade verbal blows over NIA team attack in Bengal

Rediff.com6 Apr 2024

West Bengal Chief Minister Mamata Banerjee on Saturday accused NIA officials of attacking villagers in Purba Medinipur district, the BJP hit back at her saying that the attack on the NIA officials is Sandeshkhalli 2.0 orchestrated by the state.

Over 100,000 small and mid-sized firms flout GST e-invoicing rules

Over 100,000 small and mid-sized firms flout GST e-invoicing rules

Rediff.com17 Nov 2023

Over 100,000 small and medium-sized businesses are non-compliant with e-invoicing norms under the goods and services tax (GST) regime, a mandatory requirement for businesses with an annual turnover of over Rs 5 crore. E-invoicing provides real-time access to invoices that are prepared by the supplier on the purchase of goods, allowing faster accessibility to input tax credit, thereby limiting the manipulation of fake credit as it has to be generated before the transaction. "The default has been reported mainly in businesses with a turnover between Rs 5 crore and Rs 20 crore," a senior official informed

RCap lenders in a fix as Hindujas retract revised Rs 8,950-cr offer

RCap lenders in a fix as Hindujas retract revised Rs 8,950-cr offer

Rediff.com27 Mar 2023

The Hinduja group is learnt to have backtracked from making a minimum Rs 8,950-crore offer for Reliance Capital (RCap) - a deal that it had belatedly put forth in December, after Torrent Investments emerged as the highest bidder for the bankrupt firm in the challenge process. The Hindujas' latest move has put Indian lenders, with an exposure of Rs 24,000 crore, in a spot as it was the former's revised offer that led to a call for a second auction and litigation by Torrent, which had placed a bid of Rs 8,649 crore in the first auction. Torrent has moved the Supreme Court and plans to wait for the apex court verdict before participating in any fresh auction. A banking source said there was an informal meeting of a few lenders of Reliance Capital with the bidders - the Torrent group and the Hinduja group on Friday when the latter changed its stand. The meeting of RCap's committee of creditors (CoC) is scheduled for Monday.

Why it won't be easy for Tesla to drive into India

Why it won't be easy for Tesla to drive into India

Rediff.com10 Mar 2024

India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.

After Llyod's, many reinsurers keen to start ops in India

After Llyod's, many reinsurers keen to start ops in India

Rediff.com17 Mar 2015

After Llyod's, many reinsurers keen to start ops in India.

MH-370 crash: Insurance cos are liable to pay the full sum

MH-370 crash: Insurance cos are liable to pay the full sum

Rediff.com25 Mar 2014

Aircraft that are lost and their debris aren't found are also covered under the 'disappearance' clause in an aviation insurance policy.

FIIs to get more leeway, says FM

FIIs to get more leeway, says FM

Rediff.com4 Mar 2005

Lok Sabha passes coal, insurance bills; set to face hurdles in RS

Lok Sabha passes coal, insurance bills; set to face hurdles in RS

Rediff.com4 Mar 2015

Lack of numbers would upstage it in Rajya Sabha

Will Gehlot's welfare schemes help Congress buck trend in Rajasthan?

Will Gehlot's welfare schemes help Congress buck trend in Rajasthan?

Rediff.com22 Nov 2023

With no apparent wave on the ground or pressing everyday issues, that's what it boils down for voters as Rajasthan readies for assembly polls this week.

Insurers, MFs commit Rs 875 cr to Tech Mahindra

Insurers, MFs commit Rs 875 cr to Tech Mahindra

Rediff.com15 Apr 2009

Tech Mahindra, the highest bidder for Satyam Computer Services, has tied up Rs 875 crore funding from mutual funds and insurance companies and is in talks with banks to mobilise Rs 1,000 crore bridge loans.

Why KYC Is Important

Why KYC Is Important

Rediff.com5 Mar 2024

'Clients deemed higher-risk are required to update their KYC more frequently.'

SC rejects legal status for same-sex marriage, bats for queer rights

SC rejects legal status for same-sex marriage, bats for queer rights

Rediff.com17 Oct 2023

Directing the Centre, states and Union Territories (UTs) to ensure the queer community is not discriminated against, the CJI, who is heading the constitution bench, said queer is a natural phenomenon known for ages and is neither urban nor elitist.

No law broken in funding cluster bomb maker: SBI

No law broken in funding cluster bomb maker: SBI

Rediff.com23 Jun 2016

SBI said it provided credit to Orbital ATK Inc as part of a syndicated deal with other banks.

House votes to sue Obama over healthcare law

House votes to sue Obama over healthcare law

Rediff.com31 Jul 2014

The United States House of Representatives has voted to sue President Barack Obama for overstepping his authority in making unilateral changes to the Affordable Care Act, also known as Obamacare.

Indian laws strong enablers of women empowerment: Smriti at UN

Indian laws strong enablers of women empowerment: Smriti at UN

Rediff.com2 Oct 2020

Irani said the "Government of India took a series of measures for ensuring safety, security and well-being of women during the COVID-19 pandemic."

EC issues 2 notices to Rajasthan Congress over poll ads

EC issues 2 notices to Rajasthan Congress over poll ads

Rediff.com23 Nov 2023

The poll panel has asked state Congress chief Govind Singh Dotasra to respond to the notices by 3 pm on Thursday and 7 pm on Friday, respectively.

'Ministers lost because of their arrogance'

'Ministers lost because of their arrogance'

Rediff.com5 Dec 2023

'Once elected, you have to act like people's representative for the full five years or else people show you your place.'

'Acceptance of LGBTQIA+ is like Vande Bharat Express'

'Acceptance of LGBTQIA+ is like Vande Bharat Express'

Rediff.com18 Oct 2023

'As it happens in any society, when progress happens, hate also comes out.' 'There is always a bit of a risk and possibility of rejection, particularly by an orthodox section of society.'

Read All Contracts Carefully!

Read All Contracts Carefully!

Rediff.com24 Mar 2023

Suppose you had bought a television set that came with a one-year warranty. It breaks down two years after purchase. You can't react emotionally and say that such an expensive set should last for at least five-six years.

Read This Before Filing I-T Returns

Read This Before Filing I-T Returns

Rediff.com18 Jul 2023

Penalties for non-disclosure or inaccurate disclosure of these details can be severe.

HDFC Bank to continue opening branches at same speed in FY24 as last year

HDFC Bank to continue opening branches at same speed in FY24 as last year

Rediff.com24 Apr 2023

After opening close to 1,500 branches in 2022-23, HDFC Bank, the country's largest private sector lender, will continue expanding its branch network at the same speed in the current financial year. The lender says branch expansion is crucial for deposit mobilisation. As of March 31, 2023, HDFC Bank had 7,821 branches, up from 6,342 a year ago.

'Palestinians live in an open prison'

'Palestinians live in an open prison'

Rediff.com29 Jan 2024

'Israelis arrested us before this war and continue to do so -- even more so -- now.'

India's labour laws force employers to use 5 billion sheets of paper!

India's labour laws force employers to use 5 billion sheets of paper!

Rediff.com14 Mar 2016

It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.

Will Odisha Show Faith In Naveen Patnaik Again?

Will Odisha Show Faith In Naveen Patnaik Again?

Rediff.com11 Mar 2024

The 78-year-old Naveen is on the cusp of creating history. He must win the forthcoming Assembly polls to become India's longest-serving chief minister, a record held by Sikkim's Pawan Kumar Chamling.

Labour pangs for surrogacy law

Labour pangs for surrogacy law

Rediff.com31 Aug 2016

The central government has drafted a law to restrict wombs for hire, and there is much to be said on all sides.

Nature settles scores, says Adityanath on Atiq Ahmed's home turf

Nature settles scores, says Adityanath on Atiq Ahmed's home turf

Rediff.com2 May 2023

Addressing an election meeting on what once was the home turf of slain gangster-politician Atiq Ahmed, Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday appeared to invoke nature as a great leveller -- a force that delivers justice.

Review plea filed against SC verdict on same-sex marriage

Review plea filed against SC verdict on same-sex marriage

Rediff.com1 Nov 2023

The review plea by one of the petitioners Udit Sood has been filed with the apex court registry.

10 laws that Jaitley wants to change

10 laws that Jaitley wants to change

Rediff.com2 Mar 2016

Priorities include the amendments of the Companies Act and the Motor Vehicle Act

Opposition embarrasses govt in Rajya Sabha

Opposition embarrasses govt in Rajya Sabha

Rediff.com24 Feb 2015

The government on Tuesday faced embarrassment in the Rajya Sabha when the opposition scuttled its move to withdraw three bills, including one on raising the FDI cap in insurance sector to 49 per cent, which are expected to be introduced in Lok Sabha for replacement of Ordinances.

Tata AIG, ICICI Lombard join race for RCap's assets

Tata AIG, ICICI Lombard join race for RCap's assets

Rediff.com28 Mar 2022

Tata AIG, ICICI Lombard and Nippon Life have evinced interest for the profit-making insurance arm of Reliance Capital (RCap), joining several prominent financial companies from India and abroad in the race for RCap's assets. The final day to submit an expression of interest (EoI) was March 25 and the bidders will now get access to the latest information about RCap before they make financial bids.

Govt unlikely to dilute stake in LIC for 2 years after IPO

Govt unlikely to dilute stake in LIC for 2 years after IPO

Rediff.com14 Apr 2022

The Centre is unlikely to reduce its shareholding in Life Insurance Corporation of India (LIC) for at least 2 years following the insurer's listing because such a move could affect returns for investors participating in the mega initial public offering (IPO). The government's stance was communicated to prospective investors during roadshows after many of them sought clarity on the Centre's plan for lowering its shareholding in the insurer to meet the minimum public shareholding norms. To this, the Centre maintained its stand that it would not look at any equity dilution in the insurer for at least two years to avoid downward pressure on LIC's shares.

Here Comes The Sun, Natasa!

Here Comes The Sun, Natasa!

Rediff.com15 Feb 2023

We see you, Natasa.

Trump's son-in-law's deals with Chinese financial firm raise concerns

Trump's son-in-law's deals with Chinese financial firm raise concerns

Rediff.com8 Jan 2017

The report added that Anbang, which has close ties to the Chinese state, has seen its aggressive efforts to buy hotels in the US slowed amid concerns raised by Obama administration officials who review foreign investments for national security risk.

Why doctors dislike Bengal's new health law

Why doctors dislike Bengal's new health law

Rediff.com31 Mar 2017

They say new rules that make over-billing by private hospitals a criminal offence will hurt their ability to treat patients properly, says Subir Roy.

How To Handle Money Issues After Layoffs

How To Handle Money Issues After Layoffs

Rediff.com7 Jun 2023

Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.

Stop Displaying 'Army' On Private Vehicles

Stop Displaying 'Army' On Private Vehicles

Rediff.com8 Feb 2024

Displaying 'ARMY' on private transport is an attempt to milk the respect and reverence that the common citizen has for a person in the armed forces, observes Colonel K Thammayya Udupa (retd). By writing 'ARMY' and displaying regimental insignias, we expect a few misdemeanours to be overlooked.

Why India's gig workforce is still outside purview of basic benefits

Why India's gig workforce is still outside purview of basic benefits

Rediff.com7 Apr 2023

If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.