In what would make unit-linked insurance plans (Ulips) more investor friendly, the Insurance Regulatory and Development Authority (Irda) on Tuesday proposed to cap surrender charges and standardise the revival period for polices that had lapsed.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Reserve Bank on Tuesday said it would come out with norms on salaries of CEOs of private and foreign banks by June end, in a move reminscent of the US seeking to control pay of Wall Street executives.
Lending rates have to be sensitive to the policy rate, says RBI.
Since last September, when the Irda capped distribution costs of Ulips, the number of policies with riders being sold had risen from 5% of the total to 20%.
At the same time, Indian companies with a majority foreign shareholding could find it difficult to make 'downstream' investments since the new guidelines do not distinguish between different forms of capital and treats them as FDI. So, a company with high non-FDI foreign capital was considered an Indian entity. Now, they will be considered foreign-owned and their downstream investments will have to follow sectoral restrictions.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
Bharath Arun, who has overseen the golden era of Indian fast bowling, believes that a lot of exciting fast bowlers are coming through the ranks and coaches, along with selectors, should be identifying the next batch in earnest.
The significant changes include devolution of powers within the ministry and the service headquarters and concurrent running of the acquisition process.
The US will lift all restrictions for fully vaccinated international travellers, including from India, from November 8 but they will have to show proof of a negative coronavirus test before boarding a flight to the country, the White House has announced.
WhatsApp's ambitious payment services' blueprint in India has been caught in a bind over concerns around authentication and its data storage practices.
A large number of large and small businesses process EU data, have customers from the EU or have access to data of EU citizens in one way or another.
The RBI may grant licences for setting up small finance and payment banks by April 2015.
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
Pakistan head coach and outgoing chief selector Misbah-ul-Haq has tried to justify the axing of senior players Asad Shafiq, Muhammad Aamir and Shoaib Malik for the tour of New Zealand.
'Xi's emphasis on enhancing conventional military deterrence capabilities, joint operations and power projection are likely to increase friction points with India as with other nations,' points out China expert Srikanth Kondapalli.
'People had said it will explode and everyone will die. Nothing of that sort has happened.' 'Our government has done a splendid job so far.'
Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.
The announcement comes as a big relief to international students, including those from India.
The Trump administration announced those F-1 and M-1 (non-academic and vocational students) visa holders planning to take online classes only will not be allowed to remain in the United State.
'Remember, if an app breaks the rules while giving you money, it will also break them while collecting.'
'Air India's privatisation is acceptable as long as its control does not pass on to a foreign entity,' says A K Bhattacharya.
BJP leader Subramanian Swamy on Friday moved the Delhi High Court seeking an order restraining the Centre from granting any approval to AirAsia for its operations in India.
The move by four airlines -- IndiGo, Air India, SpiceJet and GoAir -- to suspend the stand-up comedian raises fears that the government can use the no-fly list to settle political scores, undermine the freedom of citizens.
The ministry of home affairs has made the use of Aarogya Setu app mandatory for all employees, both private and public, and pinned the responsibility for compliance on the head of respective organisations.
71 districts reported Covid case positivity rate of more than 10 per cent in the week from June 23 to 29, the government said, adding that the second wave of COVID-19 is not over.
'The Bharat Ratna should have been given a long time ago. Not just to irk the Chinese, but to recognise His Holiness for what he is and how we have benefited immensely from his presence in India.' 'I don't think there's been a better ambassador for India's philosophical and cultural past than the Dalai Lama.'
The document consolidating all the aspects of foreign direct investment policy and framework will be released by commerce and industry minister Anand Sharma, an official said.
At the same, it said the latest figures do not establish a clear trend and in no way the government is relaxed about anything at this point.
'If she contests it, then these people will have to fight it in court.'
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
Labour law changes for three years may not be enough as it takes a couple of years for factories to build and operations at a proper scale start only in the third or fourth year.
To believe that the key job of his senior ministers is to ensure that his image be kept intact whatever be the outcome of his policies is to expect too much even of someone as ambitious as Narendra Modi, asserts Rashme Sehgal.
'Why should my vaccine certificate, which I got paying my own money, have the picture of the prime minister?'
The government believes that WTO's push for initiating negotiations on substantive obligations related to e-commerce will oblige India to permanently accept the current moratorium on imposing customs duties on products traded electronically.
The top court had on March 17, maintaining that women and men officers should be treated equally, cleared PC for women in the Navy and asked the Centre to complete the modalities within three months.
The new guidelines can act as a deterrent for students who have for years been unfairly reaping the benefits of the 'Ctrl+C, Ctrl+V' method of research.
Subbarao said, short-term as well as medium-term prospects or Indian economy continue to be grim. Fiscal deficit is going to be much higher, the debt burden much larger and the financial sector will be in a worse shape.
NPPA suggests expanding the list of essential medicines whose prices are controlled
