The government is expected to introduce the Insurance Amendment Bill 2024 during the winter session of Parliament, proposing some bold reforms for India’s insurance industry. Narayanan V delves into the potential changes and their impact on the industry What is likely to be included in the Bill? The Insurance Amendment Bill 2024 is expected to
Investing in dynamic bond funds can help individuals optimise returns across varying phases of the interest rate cycle. These funds have the flexibility to invest in both short-term and long-term bonds, depending on the fund manager’s assessment of the interest rate scenario. Predicting interest rate movements is a complex and nuanced process, even for seasoned
A clarification has been sought from the Centre on whether more employees have been appointed on a contractual basis than in regular or permanent roles in central government employment over the past five years. In the Rajya Sabha, Members of Parliament Javed Ali Khan and Ramji Lal Suman raised questions asking the government whether more
Are senior citizens aged above 75 exempt from paying income tax? A post has gone viral on social media platforms like WhatsApp claiming that as India commemorates 75 years of its Independence, senior citizens above 75 will not have to pay income tax any longer. Is there any truth in this claim? PIB Fact Check
EPFO 3.0: The government is gearing up to introduce several measures aimed at enhancing services for EPFO members under the EPFO 3.0 initiative. As part of this plan, as reports suggest, the Union Labour Ministry is considering increasing employees’ pension contributions and issuing an ATM card, similar to a debit card, that would allow them
Coworking firm Incuspaze has plans to expand its portfolio by an additional 20 lakh sq. ft. by December 2025. To fuel this ambitious growth, the company plans to raise USD 25 million through a pre-IPO funding round, according to a press release. Incuspaze, which provides managed flexible office spaces to corporates, is looking to expand
In just a decade, Dhruva Advisors has come to be regarded as a credible source of tax and regulatory services in India, with some of the largest MNCs among the firm’s clients. Dinesh Kanabar, CEO, talks about the direction and pace of India’s tax reforms, the need to cut disputes that lock capital, and what
EPFO 3.0: The Ministry of Labour is considering significant reforms in EPFO services, including removing the 12% employee’s contribution cap, which would allow for higher deposits and pensions for members, according to media reports. As part of the mega revamp in the Employees’ Provident Fund Organisation (EPFO) 3.0 version, the Centre is planning to introduce
The Institute of Chartered Accountants of India, the apex body for chartered accountants, has given its recommendations to the Lok Sabha select committee, which is examining the income tax Bill, 2025. The ICAI’s recommendations include cutting down the number of sections and simplifying the language in the proposed legislation. The ICAI council members have also
The Delhi High Court has ruled in favour of the government in a gas migration dispute between ONGC and a Reliance Industries-led consortium. The ruling could impact India’s oil and gas sector and influence future contractual obligations for shared reservoirs, explains Arunima Bharadwaj ALSO READBritannia CEO Rajneet Singh Kohli resigns, stock dips 0.6% post announcement
Birla Opus, the paints venture of the Aditya Birla group, is offering nearly double the amount of price-offs or discounts on products, at 6-7%, compared to rivals such as Asian Paints and Berger, whose price discounts are at about 3-4% on its products, trade and industry sources have told FE. The pricing action by Birla
Indian equities still trade at unattractive valuations and foreign investors will take at least 6-to-12 months to come back, UTI Mutual Fund CIO Vetri M Subramaniam and its head of equity Ajay Tyagi said on Thursday on the sidelines of a bell ringing ceremony on UTI Nifty 50 Index Fund completing 25 years. The reason
The Kalyani family dispute about their mother’s samadhi is back in court. Sugandha Hiremath, the sister of Baba Kalyani, informed the Pune Civil Court at the hearing held on Thursday that she travelled to Kashi to pay her respects at her mother Sulochana Kalyani’s Samadhi, only to discover that no such memorial existed, which left her
