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George Mathew
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Union Budget 2020: Tour packages, overseas remittances under tax netSubscriber Only
February 02, 2020 04:27 IST
According to the Budget documents, an authorised dealer receiving an amount or an aggregate of amounts of Rs 7 lakh or more in a financial year for remittance out of India under the LRS of the Reserve Bank of India, will be liable to collect TCS, if he receives sum in excess of said amount from a buyer at the rate of five per cent.
Sun, Feb 02, 2020
Explained: Why the markets fell, recorded sharpest Budget-day dip in 11 yearsSubscriber Only
February 02, 2020 04:25 IST
The benchmark Sensex fell 1092 points intra-day and closed 988 points down at 39,735.53. The broader Nifty at the National Stock Exchange fell 2.5 per cent to close at 11,661.
Sun, Feb 02, 2020
Merger of PSBs, insurers to set the stage for reshuffle in health insurance portfolioSubscriber Only
January 29, 2020 04:27 IST
The government is planning to expedite the merger of three public sector general insurance companies and an indication to this effect is likely to be announced in the Budget.
Wed, Jan 29, 2020
Insurers set to launch ‘pay as you use’ motor policy, app-based multi-vehicle coverSubscriber Only
January 23, 2020 04:58 IST
The Insurance Regulatory and Development Authority of India had recently approved 33 proposals — out of 173 proposals it received — from various non-life insurance companies under the regulatory sandbox structure.
Thu, Jan 23, 2020
FDI hike in insurance: Management control among key issues for govtSubscriber Only
January 20, 2020 00:50 IST
The success of a hike in FDI will hinge, to a large extent, on sorting out the ownership and management control which is currently under Indian promoters and investors, experts said.
Mon, Jan 20, 2020
‘Home loan growth declines sharply’Subscriber Only
January 16, 2020 03:14 IST
Affordable housing segment, defined as loan size up to Rs 25 lakh million, saw the lowest growth of 4.1 per cent in Q3 2019.
Thu, Jan 16, 2020
Irdai penalises brokers for cheating Tata AIGSubscriber Only
January 13, 2020 03:00 IST
Tata AIG General made a complaint to Irdai against Unison lnsurance Broking Services alleging fraud in reinsurance placement pertaining to crop insurance, with a premium of around `300 crore in Rajasthan cluster for Kharif 2018 season.
Mon, Jan 13, 2020
Despite overall fall in commercial bad assets, MSME bad loans on the riseSubscriber Only
January 10, 2020 03:15 IST
The overall NPAs of commercial lending declined 20 bps to 16.8 per cent in September last, marginally lower than 17 per cent in September 2018, the report said.
Fri, Jan 10, 2020
Apr-Nov: Housing loans grow 9.9%, non-food credit growth falls to 0.5%Subscriber Only
January 02, 2020 01:25 IST
On a sequential basis (Q2 of 2019-20 over Q1 of 2019-20), the all-India HPI rose by 0.2%, with Jaipur recording the highest rise and Kochi seeing the maximum contraction.
Thu, Jan 02, 2020
Rs 1,01,122 crore pumped into stocks by FPIs in 2019; Sensex rallies by 14.37%Subscriber Only
January 01, 2020 02:02 IST
This is the highest FPI inflow into the stock markets in the past five years — after inflows of Rs 1,13,136 crore in 2013 — with incremental inflows mostly chasing a dozen stocks.
Wed, Jan 01, 2020
Slowdown, high NPAs take toll as PSU banks’ market share sees 4 per cent declineSubscriber Only
December 23, 2019 03:00 IST
While the share of private banks in total credit rose to 34.7 per cent as of September 2019 compared with 31 per cent in September last year, the share of public sector undertaking (PSU) banks contracted from 61 per cent in September 2018 to 57 per cent by September 2019.
Mon, Dec 23, 2019
RBI goes for ‘Operation Twist’ to bring down long-term ratesSubscriber Only
December 22, 2019 00:54 IST
Operation Twist is the name given to a US Federal Reserve monetary policy operation, which involves the purchase and sale of government securities to boost the economy by bringing down long-term interest rates.
Tue, Dec 24, 2019Corporate profits fall 54.3 per cent as demand drops: RBISubscriber Only
December 20, 2019 01:00 IST
A big factor in the drop in aggregate profits has been the huge losses announced by Bharti Airtel and Vodafone Idea Limited (VIL) during the quarter on account of provisioning for adjusted gross revenue (AGR).
Fri, Dec 20, 2019
Stolen, cloned card complaints more than double in FY19: RBI OmbudsmanSubscriber Only
December 18, 2019 03:05 IST
Of the total number of ATM and debit cards complaints, ‘account debited but cash not dispensed by ATMs’ accounted for almost 53%.
Wed, Dec 18, 2019
Five months after names proposed, no full-time CMDs for GIC Re & AICSubscriber Only
December 13, 2019 00:07 IST
In July, the Centre appointed AIC’s General Manager Rajeev Chaudhary as the officiating CMD, after T Alamelu joined the Insurance Regulatory and Development Authority (Irdai) as Whole-time Member (non-life).
Fri, Dec 13, 2019
Irdai planning to launch catastrophe insurance on pilot basis in select statesSubscriber Only
December 08, 2019 00:57 IST
After getting the government approval, the regulator will launch the cat cover in select states as a pilot project, he said.
Sun, Dec 08, 2019
RBI slashes GDP growth forecast to 5% — deepest cut in a decadeSubscriber Only
December 06, 2019 04:45 IST
Also, as inflation concerns grew, the RBI’s monetary policy committee took a pause, leaving the repo rate — the rate at which RBI lends to commercial banks — untouched at 5.15 per cent for the first time in 10 months.
Fri, Dec 06, 2019
‘Millennials bought 44 per cent of total policies sold by LIC in current year till October’Subscriber Only
December 03, 2019 01:31 IST
"If you look at people between 30 and 35 years old another 17 lakh policies. We have sold 44 lakh policies to people below 30 years old, or millennials," says TC Susheel Kumar, Managing Director of Life Insurance Corporation (LIC).
Tue, Dec 03, 2019
RBI likely to cut rates by 25 bps as growth, credit offtake declineSubscriber Only
December 02, 2019 03:51 IST
The sharp fall in GDP growth to 4.5 per cent in the September quarter from 5 per cent previously provides enough reason for the RBI to cut the rate, analysts said.
Mon, Dec 02, 2019
LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscalSubscriber Only
December 01, 2019 01:56 IST
The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.
Sun, Dec 01, 2019
Banks for speeding up DHFL debt recoverySubscriber Only
November 30, 2019 02:42 IST
DHFL’s total liabilities are Rs 83,873 crore, as per its draft resolution plan. Of this, it owes banks Rs 27,527 crore, NCD holders (including retail investors, mutual funds and others) Rs 41,431 crore, NHB Rs 2,350 crore and ECBs Rs 2,747 crore. The exposure of banks could be about Rs 38,000 crore.
Sat, Nov 30, 2019IRDAI panel suggests telematics motor insurance, ‘named driver’ policySubscriber Only
November 27, 2019 00:33 IST
A ‘named driver policy’ as an automobile insurance policy provides coverage only for drivers specifically named on the policy and not for other individuals driving the vehicle.
Wed, Nov 27, 2019
Explained: How Karvy Stock Broking bypassed Sebi regulations, diverted investors’ moneySubscriber Only
November 26, 2019 04:47 IST
Sebi has moved against Karvy for violating norms, including transferring client shares to itself, and pledging client shares to raise money, which it diverted to its real estate arm.
Tue, Nov 26, 2019
Rs 15,000 crore of retail investor money stuck in DHFLSubscriber Only
November 26, 2019 03:00 IST
According to Indian banking laws, secured debt — mainly banks which have given over Rs 38,000 crore loans and NCDs — have the first charge on recovery.
Tue, Nov 26, 2019
To boost investment, govt should consider reducing highest tax slab for individuals: A BalasubramanianSubscriber Only
November 25, 2019 01:18 IST
In an interview to the Indian Express, Balasubramanian — who manages assets worth Rs 253,838 crore — said the government should consider reducing the highest tax slab for individuals in order to boost investment.
Mon, Nov 25, 2019
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