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IRDAI chief cautions insurers against predatory pricing

"I would like to give a word of caution here. Though your (insurance brokers) share is very high in group health insurance, the loss ratio in group health insurance is also very high. Probably, it is not very sustainable at present," he said at an event organised by Insurance Brokers Association of India.

Rs 4,500 crore mutual fund money at stake in Voda Idea; Templeton markdown hits 6 schemes

The telco’s survival will now depend on its ability to garner funds to pay the statutory dues.

HDFC Bank to upgrade credit card systems

The instant card generation will initially be available only for existing customers but is likely to be extended to non-customers later. The new system will allow the users to file disputes by clicking photographs of charge slips and uploading them.

FM urged to equalise tax benefits for govt and non-govt employees in Budget 2020

The Income-tax Act, 1961 differentiates between a government employee and non-government employee. However, this should not be the case. There are numerous tax benefits available only for the government employees only.

Growth in mutual funds' equity assets far outpaces the rise in benchmarks

Growth in mutual funds' equity assets far outpaces the rise in benchmarks

AUM of domestic mutual funds grew annually by 19% to Rs 26.9 lakh crore between 2013 and 2019.

Amfi proposes a 17-point budget wish list

Association of Mutual Funds in India (Amfi) has proposed several points for the Budget 2020 to help take Indian mutual fund Industry to next orbit of growth.

Did Nirmala Sitharaman's last Budget leave you rich or poor? A recap

For those with taxable income of Rs 2-5 crore, the surcharge stands increased from 15% to 25%, which means an effective tax rate of 39% as opposed to 35.9%.

'Coal companies must make extra voluntary contribution to staff pension fund'

Coal Mines Provident Fund Organisation commissioner Animesh Bharti told ET: “Following a recent resolution by the trustee board of the CMPFO, coal companies will soon be asked to make voluntary contribution of Rs 10 per tonne of coal produced.

Man earning Rs 7,000 gets tax notice to explain Rs 134 core transactions

“I was hardly 21 when these transactions were made. I had not been to Mumbai or Gujarat in 2011 or 2012. I was then working with a private firm in Indore, earning Rs 7,000 a month, which is non-taxable,” said Ravi Gupta.

‘Life insurers’ raising exposure to guaranteed return plans a long-term risk’

‘Life insurers’ raising exposure to guaranteed return plans a long-term risk’

​ The trend of offering guaranteed products has been visible across the sector.

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