This move by the regulator of enhancing the capital sum insured of Compulsory Personal Accident Cover for owner-driver to Rs 15 lakh is a step in the right direction, Bajaj Allianz General Insurance MD and CEO Tapan Singhel said.
We wish to categorically state that DHFL has not defaulted on any bonds or repayment nor has there been any single instance of delay on any of its repayment of any liability.
Certain categories of FPIs would be required to maintain a list of beneficial owners and provide the same to the regulator.
"This robust performance was partly attributable to a powerful base effect, with GDP growth dampened in 2Q17 (April-June) by companies de-stocking ahead of the rollout of the goods and services tax," Fitch said.
The interest offering on 5-year senior citizen savings scheme will be 8.7 per cent as against 8.3 per cent for the quarter ending September 2018.
Goldman Sachs expects markets to consolidate heading into the elections and the Nifty to reach its 12-month target of 12,000 points, as political uncertainty wanes and earnings accrue.
Jaitley, who spoke to reporters after Prime Minister Narendra Modi held an economic review meeting with all Departments of the Finance Ministry Saturday, said the government would push ahead with its planned capital expenditure without any reduction.
Association of Indian Medical Device Industry (AIMED), which represents Indian medical device companies, wrote a letter to PMO on August 27 stating that “not only retailers and hospitals” but the importers too “enjoy irrational margins in the supply chain”.
Government is confident to have higher growth rate and will meet all capital expenditure targets, the finance minister said.
Latest RBI data showed that the forex reserves fell below the $400 billion mark for the first time over the last one year. It stood at $399.2 billion for the week ended September 7, 2018.
The impact on the labour force was even much more significant. While the job losses could have been at least 3.5 million, the reduction in the labour force was to the tune of 15 million.
Inflation in the ‘fuel and power’ basket was 17.73 per cent in August as prices of domestic fuel increased, in line with high global crude oil rates and a depreciating rupee.
Distribution companies across the country are largely owned by the respective state governments. However, the power generation sector in the country has private companies as well as public companies.
To boost ease of doing business, the Committee has recommended that “an integrated single-window clearance process for environment clearance, forest clearance, mining lease, etc., may be created”.
Extending gains for a second session, the domestic unit hit a session high of 71.53 in early trade. Over the last two trading sessions rupee has recovered 79 paise or over 1 per cent against the dollar.
The finance minister added that the government would also take steps to promote exporters and restrict non-essential imports though he did not specify the items on which the restrictions would be imposed.
For ethanol derived from B heavy or B grade molasses, the price has been raised from Rs 47.49 to Rs 52.43 for every litre. The ex-mill price for ethanol produced from 100 per cent sugarcane juice, so that no sugar is produced from it, is Rs. 59.19 per litre.
Consumer Price Index-based inflation in August eased to 10-month low of 3.69%, while the Index of Industrial Production growth slowed to 6.6% in July.
On Monday, while the rupee hit an all-time low of 72.67 against the dollar before closing the day at 72.45, petrol and diesel prices in Delhi also hit their all-time highs.
The case pertains to complaint filed by Pawan Sharma of Jaipur-based Kalptaru Departmental Store against Sharma Trading company for not passing on the benefit of cut in GST rate effective November 15.