News

IRDAI asks insurers to inform policyholders via SMSes on receipt of premium from Jan

IRDAI asks insurers to inform policyholders via SMSes on receipt of premium from Jan

The IRDAI said the order is being issued to enhance the policyholder protection and information.

Source Money Control | 13/12/2018


Sensex Tumbles 714 Points as Exit Polls Show Congress-BJP in a Close Fight in Assembly Elections

Sensex Tumbles 714 Points as Exit Polls Show Congress-BJP in a Close Fight in Assembly Elections

The BSE Sensex cracked below the 35,000 mark, plunging 713.53 points, or 2 per cent, to close at 34,959.72. Similarly, the broader NSE Nifty fell 205.25 points, or 1.92 per cent, to 10,488.45.

Source News 18 | 10/12/2018


Urjit Patel Resigns as RBI Governor Amid Rift with Govt, Cites Personal Reasons

Urjit Patel Resigns as RBI Governor Amid Rift with Govt, Cites Personal Reasons

In a statement, Urjit Patel said it was a privilege and honour to serve the central bank and expressed his gratitude to his colleagues and directors of the RBI central board.​

Source News 18 | 10/12/2018


Vijay Mallya To Be Extradited Rules London Court: 10 Points

Vijay Mallya To Be Extradited Rules London Court: 10 Points

Vijay Mallya is wanted in India for defaulting on Rs. 9,000 crore in loans to his failed Kingfisher Airlines.

Source NDTV News | 10/12/2018


LIC profit rises by 32 per cent to Rs 25K crore

LIC profit rises by 32 per cent to Rs 25K crore

After distributing 95 per cent of surplus to policyholders, balance Rs 2,430.19 crore is government’s share.

Source The Indian Express | 10/12/2018


No TDS on interest income up to Rs 50,000 in case of senior citizens, clarifies CBDT

No TDS on interest income up to Rs 50,000 in case of senior citizens, clarifies CBDT

CBDT has clarified that in the case of senior citizens, no TDS is required to be deducted u/s 194A, where the amount of such income doesn't exceed Rs 50,000 in aggregate.

Source Financial Express | 08/12/2018


‘17 of 20 fastest-growing cities in the world will be from India’

‘17 of 20 fastest-growing cities in the world will be from India’

The list of fastest growing cities is dominated by India with 17 among the top 20 cities in the world, according to a global economic research report.

Source The Times of India | 07/12/2018


How to ensure a special child is cared for life

How to ensure a special child is cared for life

Creating a financial safety net for a child is crucial. Plan ahead to accumulate enough

Source Live Mint | 05/12/2018


3 new PAN rules to be effective from today; Here’s all you need to know

3 new PAN rules to be effective from today; Here’s all you need to know

Permanent Account Number (PAN) is the tax identification number mandatory for filing income tax returns and can be applied either online or offline.

Source Financial Express | 05/12/2018