As the government tabled insurance bill in the Parliament on Monday, trade unions of public sector firms called for a strike on Tuesday against the move that aims to raise FDI limit in the private insurers to 49 per cent and the minimum paid up capital in LIC to Rs 100 crore (Rs 1 billion).
PFRDA, India's new pension regulator, has introduced New Pension System will help working Indians lead a dignified retired life.
Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.
The insurance sector is going to get a big boost.
He also pointed out that the home ministry was neither consulted, nor did it give the necessary security clearance
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
Tax Guru Anil Rego answers your personal income tax queries.
Railways sprinter Merlin K Joseph smashed the 13-year-old national record in women's 100m race in the semi-finals on Sunday, but could manage only a bronze in the finals on the second day of the 53rd National Open Athletics Championships in Ranchi.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Sensex ends lower; govt schemes in focus.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
The current 3-page form is simplified version of an income tax return form after removing mandated disclosure of foreign trips and dormant bank accounts introduced two years back.
Ways on how consumers can maximise benefits.
Advisors and agents known to you personally can also sell wrong policies.
Macro and micro environment are becoming more challenging.
'Around 15 crore poor people have lost their money.'
The idea was that despite some defaults the high rates would assure good profits.
Given the high cost of treating cancer and the reasonable premium rates at which these plans are available, one should opt for a cover at the earliest.
How the 4 ministries have performed
.jpg)
The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
Paroma Chatterjee has done over 800 gigs, performed at many big clubs in India and abroad and won acclaim for her skill.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
Steps taken by the government over the past few months signal a determined effort to reform the subsidy regime.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Parekh said divestment can unlock huge funds.
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
Single window clearances for realty must.
'Making the railways better is a different type of a challenge.'
.jpg)
As home deals are down to a trickle, most are looking at life beyond broking.
The corporate sector does not care from where the money is coming.
