Clipped from: https://www.business-standard.com/article/opinion/the-start-not-the-end-of-unicorn-seeding-121042101220_1.html Conditions are ripe in a broad range of sectors for strong growth and innovation In the first part of this four-part series, we
Month: April 2021
Irdai slaps Rs 51 lakh fine on four insurers for violation of norms | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/irdai-slaps-rs-51-lakh-fine-on-four-insurers-for-violation-of-norms-121041800452_1.html Regulator Irdai has imposed a penalty of Rs 51 lakh on four insurers, including SBI General Insurance Company, for violation of certain norms
Microfinance, unsecured SME loan pools to face most stress if lockdowns turn more severe: ICRA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/microfinance-unsecured-sme-loan-pools-to-face-most-stress-if-lockdowns-turn-more-severe-icra/2239969/ Credit and Finance for MSMEs: While Covid cases continue to explode in April even as state governments have been mounting restrictions to arrest
CBDT issues procedure and guidelines for submission of Statement of Financial Transactions for dividend, interest income – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/cbdt-issues-procedure-and-guidelines-for-submission-of-statement-of-financial-transactions-for-dividend-interest-income/2239006/ The statement of financial transactions shall be furnished on or before the 31 st May, immediately following the financial year in which the
Covid-19 second wave single biggest challenge to recovery: RBI Governor Das | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/coronavirus-second-wave-cast-a-long-shadow-on-india-s-growth-mpc-members-121042201123_1.html MPC minutes show one member saw little merit in continuing with central bank’s forward guidance Most members were not very sure how the
Govt examining industry demands; breather on tax compliance deadline likely | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-examining-industry-demands-breather-on-tax-compliance-deadline-likely-121042300021_1.html Proposals for a 3-month extension of compliance timeline being considered The Union government is examining proposals seeking relief to businesses through extension of
A rising tide of old ideas: How world economics has changed in 4 decades | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-rising-tide-of-old-ideas-how-world-economics-has-changed-in-4-decades-121042300671_1.html Higher tax rates, central banks pumping out cash, protection for home industry, suppressing interest rates, high social welfare pay-outs – all hark back
IRDAI issues clarification on cashless claims in Covid-19 cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/irdai-provides-clarification-on-cashless-claims-in-covid-19-cases/article34387792.ece FM has also clarified that cashless service will be available at all places Insurance Regulatory and Development Authority of India (IRDAI) has clarified
FM speaks to IRDAI Chairman on Covid insurance claims – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fm-speaks-to-irdai-chairman-on-covid-insurance-claims/article34390040.ece As on 20/4/21, over 9 lakh Covid-related claims have been settled, Nirmala Sitharaman tweeted Finance Minister Nirmala Sitharaman has said that she had
How to select the right insurance cover for your vehicle – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-select-the-right-insurance-cover-for-your-vehicle/article34402660.ece Select a policy that insures your vehicle in all situations According to the Motor Vehicles Act 1988, it is mandatory for all vehicles
Know the two circumstances under which insurers waive premium – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/know-the-two-circumstances-under-which-insurers-waive-premium/article34402711.ece …when you’re critically ill or disabled Two neighbours’ daily routine of watering plants leads to an interesting conversation. Sindu: The hydroponic farm is open
Existing policy to cover hospital stay for vaccine after-effects – IRDAI: The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/irdai-existing-policy-to-cover-hospital-stay-for-vaccine-after-effects/articleshow/81582889.cmsSynopsis Amit Chhabra, health insurance head at Policybazaar.com, said this IRDAI notification clarifies that any hospitalisation on account of after-effects of vaccination, that require
Covid health, life insurance: Recovered from the coronavirus? You might find it difficult to get health, life insurance instantly–economic times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/recovered-from-the-coronavirus-you-might-find-it-difficult-to-get-health-life-insurance-instantly/articleshow/82210586.cmsSynopsis There are many comorbidities which are becoming critical in case of covid infections and insurers have also increased their testing to identify such
BoM aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bom-aims-to-resolve-20-25-stressed-msme-loans-under-pre-packaged-resolution-process/articleshow/82226964.cmsSynopsis Earlier this month, the government had introduced a pre-packaged insolvency resolution process for stressed MSMEs by amending the insolvency law. MUMBAI: State-ownedBank of
Force Majeure: How successful has the law been post Covid in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/force-majeure-how-successful-has-the-law-been-post-covid-in-india/articleshow/82227338.cmsSynopsis Law relating to force majeure is quite settled and one requirement of law that when the contract itself provides for the force majeure
Time, tide & taxman wait for none, not even pandemic – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/time-tide-taxman-wait-for-none-not-even-pandemic/articleshow/82225942.cms Synopsis–Unsure of the consequences of ignoring summons beyond a penalty of Rs 10,000, many of them are reluctantly meeting the officers in Mumbai’s
Govt extends time till June 30 for making payment under Vivad Se Vishwas scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-extends-time-till-june-30-for-making-payment-under-vivad-se-vishwas-scheme/articleshow/82229445.cmsSynopsis The government on Saturday extended the deadline for making payment under the direct tax dispute resolution scheme Vivad Se Vishwas by two months
Is this good politics? Joe Biden’s America isn’t back, it has turned its back – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/bidens-america-isnt-back-it-has-turned-its-back/articleshow/82237602.cmsSynopsis Shockingly, there is no response from the US — the stronger, richer member of the “strategic partnership” (I can’t recall the longer, hyperbolic
RBI action may ease India Inc’s borrowing cost in bond market – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/rbi-action-may-ease-india-incs-borrowing-cost-in-bond-market/articleshow/82221868.cmsSynopsis The Reserve Bank of India (RBI) Friday cancelled an auction of a five-year paper series of Rs 11,000 crore, with bidders reportedly demanding
View: Memos to oneself during a stock market boom a.k.a. not now – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/memos-to-oneself-during-a-stock-market-boom-a-k-a-not-now/articleshow/82233392.cms SynopsisSome pearls of wisdom from a Yoda of the markets to oneself, which includes the knowledge that one knows nothing, that buying anything
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