Many claim disputes arise not because the insurer refuses to pay but because policyholders don't know the claim process, miss important documents or misunderstand what their policy covers.
...and 3 lakh for harassment.
Senior CPI(M) leader V Sivankutty has criticised the Kerala UDF government for allegedly spreading misinformation about the Centre's PM SHRI scheme and attempting to implement it despite earlier opposition. He clarified that the previous LDF government froze the agreement over concerns about the National Education Policy and that funds received were not for PM SHRI. The scheme continues to be a politically contentious issue in the state.
Despite the Centre's GST 2.0 guidelines aiming to facilitate provisional refunds within seven days for low-risk cases, many large taxpayers are still encountering significant delays in obtaining Goods and Services Tax (GST) refunds under the inverted duty structure (IDS), with experts citing inconsistent state-level scrutiny and subjective interpretations.
The Indian government has announced the replacement of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin), or VB-G RAM G Act, 2025, effective July 1. The new scheme aims to expand guaranteed wage employment and link it more closely with infrastructure development and climate resilience, but faces concerns from opposition parties and labour rights activists.
As heart disease increasingly impacts young Indians, understanding the complexities of health insurance, including higher premiums, waiting periods, and the benefits of specialised cardiac policies, becomes vital for financial protection.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
The development comes as the AIFF looks to redefine its commercial framework for the ISL, India's top-tier football competition, after the conclusion of its previous agreement cycle.
The Delhi High Court has extended the suspension of actor Rajpal Yadav's sentence in cheque bounce cases until April 1, acknowledging his 'substantial' payment towards the outstanding amount.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
Filing a belated return is far better than not filing at all.
Adani Enterprises' subsidiary Kutch Copper (KCL) and Australian Securities Exchange-listed Caravel Minerals on Thursday signed a non-binding memorandum of understanding (MoU) for collaboration on the Caravel Copper Project in Western Australia's Murchison region, for an undisclosed amount, according to a joint statement.
The petition points out that Shami's annual income, as disclosed in his Income Tax Return for 2021-22, stood at nearly Rs 48 crore, while she has been forced to live in "downtrodden conditions", struggling to meet even basic expenses.
Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
'Everyone involved in this transaction must be punished and penalised.'
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
The Indian Institute of Human Rights invites applications for its two-year, distance learning, post-graduate programme in human rights.
The Indian Institute of Human Rights invites applications for its two-year, distance learning, Post-graduate Programme in Human Rights.
'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'
The Indian Institute of Human Rights invites applications for its two-year, distance learning, Post-graduate Programme in Human Rights.
The Indian Institute of Human Rights invites applications for its two-year distance learning post-graduate programme in Human Rights.
State-owned mining giant, Coal India, is hoping to recover around 75-80 per cent of its liabilities from customers with whom it has long-term fuel supply agreements (FSAs) after the Supreme Court (SC) allowed states to recover dues retrospectively. A legal recourse, however, is underway. "We are impacted in two states - Jharkhand and Odisha.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
Tax experts answer your budget-related queries
The Delhi high court on Friday imposed Rs 25,000 costs on Bharatiya Janata Party leader Shazia Ilmi for 'wilfully suppressing' complete facts in her plea alleging defamation and violation of her privacy during a show hosted by journalist Rajdeep Sardesai.
The Supreme Court of India has expressed concern over the erosion of the family institution, stating that people in India, while valuing the concept of 'vasudhaiva kutumbakam' (the world is one family), are failing to maintain unity even within their immediate families. This observation came in a case involving a dispute between a mother and her eldest son over property and family relations.
The Supreme Court of India has ruled that a wife is entitled to maintenance from her husband even if she refuses to cohabit with him after a decree for restitution of conjugal rights, provided she has valid and sufficient reasons for refusing to live with him. The court stated that the circumstances of each case must be considered individually and a decree for restitution of conjugal rights does not automatically disqualify a wife from receiving maintenance. This landmark ruling clarifies the legal interpretation of Section 125(4) of the Criminal Procedure Code (CrPC) regarding maintenance and emphasizes the importance of considering individual circumstances when determining a wife's right to maintenance.
In a path-breaking decision with far-reaching socio-economic impact, the Centre has allowed woman employees to nominate her son or daughter for family pension, instead of her husband, according to an official statement issued on Monday.
In a path-breaking decision with far-reaching socio-economic impact, the Centre has allowed woman employees to nominate her son or daughter for family pension, instead of her husband, according to an official statement issued on Monday. Previously, family pension was granted to the spouse of a deceased government servant or pensioner, while other family members became eligible only after the spouse's ineligibility or demise, the statement said. Union Minister of State for Personnel Jitendra Singh said that the Department of Pensions and Pensioners' Welfare (DoPPW) has introduced an amendment to the Central Civil Services (Pension) Rules, 2021, allowing female government employees or pensioners to grant family pension to their eligible child/children after their own demise, in place of of their spouse.
The National Commission ruled that the insurance policy is deemed to be automatically transferred to the purchaser when the vehicle is registered in their name.
If gratuity is not paid within 30 days of termination, the employer must pay interest as set by the central government.
The Delhi high court has imposed costs of Rs 1 lakh on a man who made Lord Hanuman his co-litigant in a plea concerning the possession of a private land having a temple of the deity.
Submitting a late return helps you stay compliant with tax regulations and avoid legal issues.
The National Commission held that any individual possessing a bearer instrument is legally entitled to encash it, and the bank is bound to honour such an instrument when it is presented for payment.
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
RIL's Rs 53,124 crore rights issue was India's largest-ever rights issue. It was also the world's largest rights issue by a non-financial institution in the last ten years.
Ambani now holds 80.52 lakh shares or 0.12 per cent of RIL, up from 75 lakh shares held before the rights issue. His wife Nita and children Isha, Akash, and Anant too got 5.52 lakh shares each after they subscribed to the rights offering. They, too, hold 0.12 per cent each in the firm.
The income tax department has garnered about Rs 4,600 crore in taxes from 56 lakh updated I-T returns filed by taxpayers in the past two years, Central Board of Direct Taxes (CBDT) chief Nitin Gupta said. In a post budget interview to PTI TV, Gupta also said the I-T department has set up a demand management centre at Mysuru, Karnataka, which is focusing on disputed pending large tax demands of above Rs 1 crore. "We are continuously improving the services and creating litigation free environment. We have come out with a facility for updation of return.
