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Tag: Insurance

Puri Jagannath Temple Priests To Get Insurance Cover

Puri: The Shree Jagannath Temple Administration (SJTA) has decided to provide health insurance cover to the all the priests performing various rituals at the 12th-century shrine throughout the year. SJTA…

FY22 Prospects Uncertain, Insurers Wish For An Insurance Cover

Chennai: Insurance is basically a business based on uncertainty of events. Curiously, the general insurance industry officials while hoping for a growth, are uncertain about the prospects for FY22, as…

New TCS, TDS Rules Not For Insurance Agents, Power Trading
New TCS, TDS Rules Not For Insurance Agents, Power Trading

New Delhi: The government has exempted power trading transactions from the purview of tax deducted at source (TDS) and tax collected at source (TCS) to prevent practical difficulties in implementing the levy from affecting functioning of the exchanges. The Finance Act, 2020 inserted new section 194-0 in the Income Tax Act 1961 which mandated that […]

FM Raises Deposit Insurance Cover Five Times To Rs 5 Lakh

New Delhi: To address concerns of small depositors over failure of banks, Finance Minister Nirmala Sitharaman on Saturday proposed to raise the insurance cover on saving deposits five times to Rs 5 lakh. The decision assumes significance in the wake of a scam in the Punjab and Maharashtra Cooperative (PMC) Bank affecting lakhs of customers […]

Irdai to review Motor Third Party obligations on insurers

New Delhi: A working group set up by insurance regulator Irdai will look at reviewing the regulations on formulae of current Motor Third Party obligations. “The working group to revisit the IRDAI (Motor Third Party Obligation in respect of insurers), Regulations 2015,” the Irdai said. Sec 32D of the Insurance Act, 1938 requires every insurer […]

SBI facilitates loan service for Fani-affected entrepreneurs in Odisha

Bhubaneswar: The State Bank of India (SBI) has announced that it will facilitate loan services for all the cyclone-affected entrepreneurs in the State under various schemes of the bank. Also, loans already applied by businessmen who have been affected by Fani will be soon sanctioned by the SBI. The Bank will further provide coverage to […]

Ola riders can now avail insurance of Rs 5 lakh in just Re 1

Bengaluru: Indian ride-sharing major Ola on Thursday announced an insurance cover worth Rs 5 lakh for riders using its cab and auto services by paying Re 1. “Users booking an Ola ride can opt for a trip insurance cover at Re 1 for all intra-city travel, Rs 10 for Ola Rentals, and Rs 15 for […]

Money flow into financial savings increased post note ban: Viral Acharya

New Delhi: Post demonetisation, there has been a visible channelising of money towards financial assets like insurance and mutual funds, Reserve Bank of India (RBI) Deputy Governor Viral Acharya said on Saturday. “It will take us many years to understand the outcome of demonetisation. I sense that in financial assets, something has changed as black money […]

Kharif Crop Insurance
Odisha includes 7 crops under PMFBY insurance for kharif, 2017

Bhubaneswar: Odisha government today decided to include seven major crops – paddy, groundnut, cotton, turmeric, ginger, red-gram (arhar) and maize – under the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the kharif season, 2017. This was decided at the State Level Coordination (SLC) Committee meeting on Crop Insurance held under the chairmanship of Chief Secretary […]

Bargarh Sugar Mill employee dies
Employee’s death ignites agitation at Bargarh Co-Op Sugar Mills

Bargarh: Tension over the death of an employee of Bargarh Cooperative Sugar Mills Ltd on its campus Sunday night during work continued for long. The other employees sat on dharna demanding compensation to the family of the deceased and security to the employees working in the organisation. The deceased was identified as Ramlal Gupta, a […]