Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries about HEALTH insurance and AUTO insurance.
Not all companies are generous with numbers these days - they're willing to share details of their core operations, but many of them are reluctant to let shareholders get even a glimpse of newer ventures
As per the assessment done by the RBI, the gross NPA of the SBI was 11,932 crore more at Rs 1,84,682 as against Rs 1,72,750 reported by the bank. As a result the bank has to make additional provisioning of Rs 12,036 crore in the balance sheet.
Creeping acquisition norms may be reviewed after a year. Companies may have to submit their plans on key decisions like strategic tie-ups and capital infusion for six months after delisting. The matter was discussed at the board meeting of the Securities and Exchange Board of India held last week.
The Enforcement Directorate has recently recorded the statement of former NSE managing director and chief executive officer Chitra Ramkrishna, lodged inside Delhi's Tihar jail, as part of a money laundering investigation against her and others, officials said Tuesday. The proceedings for recording the statement were conducted on two occasions inside the jail. The statement has been recorded under the criminal sections of the Prevention of Money Laundering Act (PMLA), they said. Ramkrishna is lodged in the Tihar jail after she was arrested by the Central Bureau of Investigation (CBI) on March 6 in the alleged National Stock Exchange (NSE) co-location scam case and investigation linked to other governance irregularities at the bourse.
'A political party taking the law into its hands is objectionable, especially in the context of the 2002 incidents in Gujarat.'
Adani group on Friday rejected NDTV's assertion that Sebi approval is necessary to acquire interests in RRPR, saying the promoter entity is not a part of the regulator's order that restrained Prannoy and Radhika Roy from accessing the securities market. Terming the contentions raised by RRPR as "baseless, legally untenable and devoid of merit", Vishvapradhan Commercial Private Ltd (VCPL) said the holding firm is "bound to immediately perform its obligation and allot the equity shares" as specified in the Warrant Exercise Notice. In a regulatory update, Adani Enterprises Ltd said VCPL has received a reply on behalf of NDTV and RRPR over the Warrant Exercise Notice dated August 23, 2022.
'The RBI's clarification on non-performing advances accounting is likely to increase NPAs by around one-third for non-banking finance companies,' domestic rating agency India Ratings and Research said in a report on Friday.
Markets watchdog Sebi has disposed of adjudication proceedings without imposing any penalty on Reliance Industries Ltd in a matter related to alleged incorrect disclosure of diluted earnings per share in its financial results more than 13 years ago. Sebi decided not to impose any penalty for the alleged violations mainly on two grounds, including that the amendment to the relevant law that made incorrect disclosure of information by a listed company punishable came into force prospectively from March 2019. Besides, the regulator mentioned about its pending appeal before the Supreme Court against a Securities Appellate Tribunal (SAT) order.
Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.
A Delhi court on Friday denied bail to Jawaharlal Nehru University student Sharjeel Imam in connection with allegedly giving an inflammatory speech and inciting violence in 2019, saying that the speech was on communal lines and its content 'tend to have a debilitating effect on the peace and harmony.'
Six of the seven Bills listed on the agenda of the Rajya Sabha have already been passed by the Lok Sabha.
The Union government told the Nagpur bench of the Bombay high court that audit statement of receipt and payment accounts of the PM CARES Fund for 2019-20 was available on the trust's website.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
'By keeping silent, I could have avoided the subsequent targeting. But that would have not been the right thing to do'
The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.
White-lipped tamarin is a type of monkey that lives in the Amazon area of Brazil and Bolivia. Prevost's squirrel is a colourful species from the forests in the Thai-Malay Peninsula and nearby islands. Sugar gliders are tiny marsupials - 6.3 to 8.3 inches in length - native to Australia.
Shares of Adani Group companies were in focus during Monday's session, with four of the six listed stocks being locked in the upper circuit of 5 per cent, bouncing back up to 11 per cent from their respective intra-day lows on the BSE. Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE. Adani Ports and Special Economic Zone (APSEZ) and Adani Enterprises rallied over 7 per cent and 6 per cent, respectively, in intra-day trade. In comparison, the Sensex rose 0.44 per cent to 52,574.46 on Monday. Last week, all Adani group stocks had come under pressure after a media report suggested that the National Securities Depository (NSDL) had frozen accounts of three foreign funds that own stake in four of Adani Group companies.
A bench of Justices L Nageswara Rao and B R Gavai said bodily autonomy and integrity are protected under Article 21 of the Constitution.
In a bid to counter tax evasion, the Finance Ministry is contemplating making it mandatory for individuals and Hindu Undivided Families (HUFs) to report Indian assets and liabilities in income-tax (I-T) return forms.
Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.
That bliss is set to end soon, with the finance ministry planning to make it mandatory for individuals and Hindu undivided families to report assets and liabilities in income-tax return forms.
The Emirates Cricket Board (ECB) had suspended opener Ashfaq during the ICC Men's T20 World Cup Qualifier in October last year but no formal charges were laid as it waited for investigations to get over.
Colgate-Palmolive India (Colgate India) on Wednesday met distributors' body to sort out the issue of price parity between the traditional trade and organised distributors, which are present offline as well as online. These companies include Jiomart, Booker, Udaan and Elastic Run. Colgate India's meeting with distributors comes after the traditional channel stopped supplying its Colgate MaxFresh range of products in Maharashtra.
Banerjee also alleged that instead of using the spyware for the security of the country, it was used by the central government which she claimed purchased it, for "political" reasons against Judges and officials.
The British government has warned that its citizens in Pakistan, Iraq, Iran and other parts of the Muslim world could be targeted in a violent backlash over "anti-Islamic" views expressed in diplomatic documents being leaked this week, media reports said on Sunday.
Chartered accountants are readying themselves for a higher onus on individuals to report violations that they come across as part of their work. There has been a scramble to understand the implications as the non-compliance with laws and regulations (NOCLAR) comes into effect in less than six months. It is applicable from April 1, 2022 after being deferred earlier because of the Covid-19 pandemic.
The NCPCR asked Facebook for taking appropriate action against the Instagram profile of Gandhi over violation of provisions of the Juvenile Justice Act, 2015, the Protection of Children from Sexual Offences Act, 2012, and the Indian Penal Code, and demanded the removal of the video from the platform.
The timing of these transfers, while being projected as routine, is significant in both strategic and political terms, asserts Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
The National Commission for Scheduled Castes has asked Maharashtra's chief secretary and director general of police, Mumbai police commissioner and the Union home secretary to appear before it on January 31 for an in-person hearing on former Narcotics Control Bureau zonal director Sameer Wankhede's 'harassment' complaint.
The court remanded advocate Uke and his brother Pradeep Uke in the ED's custody till April 6.
Use of non-vegetarian ingredients and labelling them vegetarian would offend religious and cultural sentiments of strict vegetarians and interfere in their right to freely profess their religion, the Delhi high court has said.
In one of his statements before the NCB, Aryan Khan admitted that he started smoking ganja in the US in 2018 when he was doing graduation there, as per the chargesheet.
Any sex worker who is a victim of sexual assault should be provided with all facilities available to a survivor of sexual assault, including immediate medical assistance, in accordance with law, it said.
The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets. As per the amendments to the Finance Bill, 2022, circulated among the Lok Sabha members, the ministry proposes to remove the word 'other' from section relating to set off of losses from gains in virtual digital assets. This would mean that loss from the transfer of virtual digital assets (VDA) will not be allowed to be set off against the income arising from the transfer of another VDA.
Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.
If General Asim Munir, Pakistan's new army chief, wants to help defuse the current polarised atmosphere and shepherd civilian politicians towards negotiations on an acceptable date for elections, he may need to distance himself from any perception of needless hostility to Imran Khan, explains Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
Independent directors
The government on Friday came out with new guidelines to prevent misleading advertisements, including those targeting children and making free claims to woo consumers.
The panel said data protection law is designed to limit the processing of personal data to legitimate reasons and adds there is a conflict between transparency and privacy.
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