The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at the Business Standard BFSI Insight Summit 2025.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
They have cited higher capital for bad-loan provisioning, pending legislative amendments, and delay in finalising rules by the Reserve Bank of India (RBI) as some of the reasons.
Long standing number two passenger vehicle maker in India, Hyundai Motor India, has slipped to fourth position in the domestic market in terms of retail sales last month behind Maruti Suzuki India, Mahindra & Mahindra and Tata Motors, as per the latest data shared by dealer's body FADA. Hyundai Motor India clocked retail sales of 38,156 units last month, a dip of 20 per cent as compared with 47,540 units in February last year.
Most of the Indian players shied away from sliding to avoid potential injuries in their World Cup match against New Zealand in Dharamsala on Sunday.
Violence rocked parts of West Bengal over the filing of nominations for the July 8 panchayat poll as activists of the ruling Trinamool Congress and opposition parties clashed prompting the police to use force to disperse the mob.
India's second largest software services firm Infosys on Monday said it will announce its financial results for the September quarter on October 13. "A meeting of the Board of Directors of the company will be held on Tuesday and Wednesday, October 12 and 13, 2021...to approve and take on record the audited consolidated financial results of the company and its subsidiaries as per Indian Accounting Standards (INDAS) for the quarter and half year ending September 30, 2021," a regulatory filing said.
In the 28th minute, Pakistan too got a penalty corner, their third, but they again failed to stop the push and wasted a bright chance.
Rescuers on Monday recovered 20 bodies from the wreckage site of the Tara Air plane that crashed in Nepal's mountainous Mustang district on Sunday with 22 people on board, including four Indians, minutes after taking off from the tourist city of Pokhara, officials said.
Telecom operator Bharti Airtel Chairman Sunil Mittal on Wednesday said the telecom sector reforms approved by the Cabinet will ensure that the industry is able to invest fearlessly, and the company will respond to Prime Minister Narendra Modi's call to invest and accelerate the country's growth. Among a series of breathers for the stressed telecom sector, the Cabinet has approved the inclusion of revenues earned only from telecom services in the adjusted gross revenue (AGR), and the removal of penalty on dues to be paid to the government prospectively. Mittal congratulated and thanked the government for undertaking these seminal reforms to lift an industry that is at the core of his Digital India vision.
India's No 9 batsman R Ashwin (83 batting) scored a defiant half-century to help India take a 32-run lead in their second innings on Day 4 of the third Test against England on Saturday.
Improvised cannons and illegal firearms were seized from near a Communist Party of India-Marxist office and another area in West Bengal on Thursday by the police and the joint forces.
While margins contracted by 30 basis points on y-o-y basis, they fell a sharper 120 basis points on a sequential basis to 16.8 per cent. Profitability was impacted adversely due to subdued demand, tepid realisations in commodity sectors, and negative operating leverage.
The film does little to add a feather to Ramesh's cap.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
German driver Nico Hulkenberg will race in next year's Le Mans 24 Hours sportscar race with Porsche as well as Formula One with Force India, the German manufacturer said in a statement on Thursday.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
Following is India's schedule on Day 2 of competitions at the 18th Asian Games on Monday.
The MIG 21, on a routine sortie, crashed into a farm in Inda village, 20 km from Bikaner, and caught fire.
Germany's Nico Hulkenberg will continue to race for the Force India next season, the Formula One team said on Monday.
Deora said he "regrets the insinuations" made after the Twitter exchange with Modi.
YSR Congress President Jaganmohan Reddy, who was admitted to a hospital on October 9 after being forcibly evicted by police from the site of his fast to protest bifurcation of Andhra Pradesh, was discharged on Saturday.
Srinivas Bhogle and Purnendu Maji reveal the Most Valuable Players of the Inda-Australia ODI series.
Former tennis World No 1 Steffi Graf is in India and she wasted no time in making a quick stop over at the Taj Mahal in Agra.
Based on internal evaluation and legal opinion, the management was of the opinion that the company has the ability to ultimately recover the aforesaid ICDs
These concrete steps should include measures to address any number of pressing concerns, including prohibitively high tariffs and discriminatory forced localization requirements that are blocking US exports of a wide range of products.
The FIFA recommendations have talked about a unified league from 2019-2020 season starting with the existing 10 ISL teams and two others through sporting merit.
Virat Kohli is the epitome of swagger, KL Rahul's strokeplay embodies lazy elegance but it is patience that is Cheteshwar Pujara's second name.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
67 players, including 23 overseas, were sold and Rs 86.8 crore spent on them by the eight franchises in Bangalore on Monday.
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