Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.
Salman Rushdie has been honoured with the PEN Centenary Courage Award as the Mumbai-born writer made his first in-person public appearance since being stabbed and severely wounded in a knife attack at a literary event in New York last year.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
With cruise missile and air strikes being India's most likely response to a hypothetical Pakistani terrorist outrage in the future, retaliation from the Pakistan air force is inevitable. That is where the S-400 will come into play, says Ajai Shukla.
India has a huge untapped population which doesn't have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory and Development Authority of India (Irdai). Speaking at the Business Standard BFSI Insight Summit, Joshi said, "Today, most of our insurance companies operate at a national level. There is arguably a case for having differentiated operations, which cater to niche sectors the same way we have non-banking financial companies (NBFC) and microfinance institutions in lending." "The capital requirement for niche players may not be as large as those having national ambitions. "Enabling these niche players, which require lower capital, will enhance the penetration in areas which hitherto had not seen traction from large players," he said.
'AAP has to run a marathon and could face a new crisis on the way. The beauty is to learn from the crisis, correct the mistakes and move forward.'
There is the problem of regions in the North East being theatre for power-play by nations with borders and influences converging in those parts, which in turn requires a sizable presence of the armed forces, notes Shyam G Menon.
'When buying a term insurance plan, you need to visualise today what could happen to your family tomorrow in your absence,' suggests Mahavir Chopra, director-health, Coverfox.com.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sebi may allow mutual funds to make use of covered calls as part of their equity strategy.
'Unless it becomes really a big epidemic in India where a huge number of people are getting sick and lakhs of people dying, I do not see a major impact on the insurance sector.'
Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
A well-balanced lifestyle is the cornerstone for people living with diabetes and those at risk, recommends Shilpa Joshi, head of Metabolic Nutrition, Fitterfly.
The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest insurance company, according to details in the initial public offer (IPO) document it filed over the weekend. The regulatory documentation is ahead of LIC selling shares to the public through the stock exchange for the first time this financial year. This will be India's largest ever public listing.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Considering that the Supreme Court has now included two, rather three, new variable to the tribunal's findings, it could imply that whenever the current order comes in for review, the two states could raise specific issues flowing from them, says N Sathiya Moorthy.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Though COVID-19 will wreak more damage to the finances of the Indian population, the insurance sector is unlikely to get hurt.
Kerala will be one of those places where the line between tourism, a land, a people and their way of life will blur. It won't be tourism; it will be a visit to experience Kerala.
A traumatic medical emergency drove physician Dr Devi, of General Hospital soap fame, to run for public office in New York.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Women use acting as a way to protect themselves.'
Is it only about choosing the right model and manufacturer? No, there's more to it. Know how to select the ideal car.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
in the longer run, there is no substitute for a standard term, accident, and a comprehensive health cover, with adequate sum insured that will give you round-the-clock and year-after-year coverage.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Taiwan considers itself a sovereign state -- but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification.
A few tips on how to be prepared for the uncertainties that may come our way.
'But thereafter the same trend is again getting popular and that is what is disturbing and alarming.' 'If this practice goes unchecked, then the entire edifice of the rule of law which gives protection to citizens of this country would crumble into pieces.'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'When people who ignored us, when relatives who have not spoken to us for a long time, congratulated us, it was a proud moment for my mother.'
'I want to be with the Ukrainian people and serve those I know here.'
Sight, smell and touch will help ensure that you are picking up something fresh and ready to use.
In the Kashmir Valley, we need to begin to make a distinction between an insurgent who fights the security forces and a terrorist who murders unarmed civilians, suggests Colonel Anil A Athale (retd).
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