Banks can’t claim tax relief on FD insurance
Reversal of credit would lead to an increase in cost by anywhere between Rs 200 to Rs 500 crore for banks.
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposure
DHFL Pramerica Life, launched in 2008, ...
Postmen, grameen dak sevaks may soon start selling insurance policies
The IPPB, which is a corporate agent, can seek permission from Irdai fo...
Only up to Rs 1 lakh, not all money, insured in banks: RBI-owned subsidiary
Finance Minister Nirmala Sitharaman last month said the government plans to bring in legislation on raising the insurance cover on bank deposits from the current Rs 1 lakh during the winter session of Parliament.
RBI keeps repo rate unchanged: What does this mean for your loans and fixed deposits?
The Reserve Bank of India, in its monetary policy review today, kept the repo rate unchanged at 5.15%
Coal India faces CAG heat over Rs 371 crore excess PF deposit
PSU accused of violating law by parking co’s share of leave encashment
Policy shift: Insurers blacklist coal
Coal exit policies have been announced by 17 of the world's biggest insurers controlling 46 percent of the reinsurance market and 9.5 percent of the primary insurance market, said the Unfriend Coal campaign, a coalition of environmental groups, as it released its third scorecard on the sector.
78% depositors of PMC Bank can withdraw entire deposits: Government
The minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with the money obtained. Sitharaman said the Rs 50,000 withdrawal ceiling for depositors continues but for scenarios like marriage, education, livelihood and other "hardships", the withdrawal limit if Rs 1 lakh.
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F&O: Fall below 11,888 level may take Nifty to 11,800-11,700 zone
Builtup of long positions were seen in Bharti Infratel, Kotak Mahindra Bank and Berger Paints.
ET Awards 2019: India can be the oasis of growth amid global turmoil, says Piyush Goyal
The Narendra Modi government is determined to take policy initiatives, the minister said at the ET Awards.
How IRDAI protects policyholders from crises at insurance companies
Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA. If any asset is impaired and the rating falls below AAA, it has to be marked to market. The insurer cannot hide this.
Tax optimiser: NPS, perks can help Yadalam reduce tax outgo by Rs 87,000
Yadalam should opt for the NPS benefit offered by his company. Under Sec 80CCD(2), up to 10% of the basic salary put in the scheme is tax free.
IRDAI proposes to reduce sum insured on standard health indemnity insurance to Rs 5 lakh
IRDAI proposed to mandate all general and health insurers to offer a standard indemnity-based health insurance product with a sum insured ranging from Rs 1,00,000 to Rs 5,00,000 on individual as well as family floater basis
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