Articles for Insurance

Caramel Popcorn Contains Added Sugar, Tax Rate Will Be Higher Than Namkeen, Clarifies GST Council
7 hours, 17 minutes ago

Caramel Popcorn Contains Added Sugar, Tax Rate Will Be Higher Than Namkeen, Clarifies GST Council

Live Law  

The GST Council in its 55th Meeting chaired by Finance Minister Nirmala Sitharaman announced significant changes to the GST regime. Caramelised popcorn comes with added sugar therefore the tax rate for such a popcorn will be different from the Namkeen. It was further clarified that whether it is carbonated drink or juice with added sugar attracts a different tax rate. …

Tax Rate Gst Popcorn Tax Rate Namkeen
“There Has Been An Increase In Inflation:" J&K High Court Emphasises Revising 'Notional Income' Under Second Schedule Of Motor Vehicles Act
9 hours, 44 minutes ago

“There Has Been An Increase In Inflation:" J&K High Court Emphasises Revising 'Notional Income' Under Second Schedule Of Motor Vehicles Act

Live Law  

Recognising the impact of inflation and the devaluation of currency over the years the Jammu and Kashmir and Ladakh High Court has emphasised the need to revise the notional income of non-earning persons as stipulated in the Second Schedule of the Motor Vehicles Act, 1988. The court reasoned, “The income of a non-earning person, as specified in the Second Schedule, …

Insurance Inflation Court Income Company Schedule Motor Vehicles Act
Jharkhand HC Reduces Interest Rate, Compensation By MACT To Family Of Deceased 50-Year-Old, Cites Excessive Award Under Conventional Head
10 hours, 3 minutes ago

Jharkhand HC Reduces Interest Rate, Compensation By MACT To Family Of Deceased 50-Year-Old, Cites Excessive Award Under Conventional Head

Live Law  

The Jharkhand High Court has slashed the interest rate on compensation awarded to the family of a 50-year-old barber who was struck by a mini-bus, ruling that the 12% annual interest granted by the Motor Accident Claims Tribunal, Dumka, was excessive. Justice Subhash Chand, presiding over the case, reduced the interest rate to 7.5%, stating, “The impugned Award passed by …

Insurance Compensation Court Interest Company Tribunal High
Farmers urged to use Krishi Rakshak app to report crop loss
14 hours, 39 minutes ago

Farmers urged to use Krishi Rakshak app to report crop loss

New Indian Express  

The unseasonal rainfall in the last couple of days in all coastal and some interior districts have caused considerable damage to harvested crops. The low pressure induced rains lashed Angul, Balasore, Bhadrak, Boudh, Cuttack, Dhenkanal, Deogarh, Gajapati, Ganjam, Jagatsinghpur, Jajpur, Kandhamal, Kendrapada, Keonjhar, Khurda, Koraput, Mayurbhanj, Nabarangpur, Nayagarh, Puri and Raygada districts, Patil said about 15 lakh farmers from these …

Loss Crop Crop Loss Krishi Rakshak Farmers Urged
Private hospitals benefit most from insurance schemes: CMA president
14 hours, 39 minutes ago

Private hospitals benefit most from insurance schemes: CMA president

New Indian Express  

COIMBATORE: “The Indian healthcare system ranks good in aspects like accessibility and the number of doctors available but struggles with treatment quality,” said Dr J A Jayalal, president of the Commonwealth Medical Association. Without increasing budget allocation, improving the quality of health care will remain a challenge.” Dr Jayalal also said that the penetration of government health insurance schemes is …

Health India Insurance Private Sector Private Hospitals Insurance Schemes
PM-JAY for senior citizens: How to register for free health insurance
14 hours, 39 minutes ago

PM-JAY for senior citizens: How to register for free health insurance

India Today  

The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana offers free health insurance of up to Rs 5 lakh every year to senior citizens. ENROLLING IN THE SCHEME: A SIMPLE PROCESS Senior citizens or their family members can begin the enrolment process by downloading the Ayushman Bharat app from the Google Play Store or the official website. A HEALTHIER FUTURE FOR …

Health Process Senior Citizens Citizens Senior Otp
DC Edit | Rationalise GST in two slabs
19 hours, 20 minutes ago

DC Edit | Rationalise GST in two slabs

Deccan Chronicle  

The Goods and Services Tax Council meeting appears to have ended up as a no-event without taking any major decision. While on one hand the government advocates rationalisation of tax slabs, on the other, it proposed three different rates for popcorn based on its taste and packaging. Pre-packed and labelled salted and spicy, ready-to-eat popcorn will attract 12 per cent …

Tax Gst Caramel Popcorn Caramel Popcorn
NPS Assets to Reach Rs 15 Lakh Crore by Year End
21 hours, 15 minutes ago

NPS Assets to Reach Rs 15 Lakh Crore by Year End

Deccan Chronicle  

Mumbai: The assets under management of the National Pension System are projected to reach Rs 15 lakh crore by the end of the current fiscal year, according to Pension Fund Regulatory and Development Authority Chairman Deepak Mohanty. “The total subscribers at this moment are more than 8 crore, out of which in NPS there are about 1.6 crore subscribers and …

Pension Nps Lakh Crore Mohanty Crore Subscribers
Soaring inflation pushes up health insurance premiums; makes standardised care costlier
2 days ago

Soaring inflation pushes up health insurance premiums; makes standardised care costlier

The Hindu  

Since the COVID-19 pandemic, India is witnessing a surge in healthcare cost inflation, making assured and standardised healthcare unviable for several sections of the society and pushing up health insurance premiums. Speaking to The Hindu, Sumit Bohra, president of the Insurance Brokers Association of India notes that currently in India, rising healthcare costs and growing health insurance premiums are feeding …

Health India Healthcare Insurance Costs Health Insurance Premiums
GST Council Delays Decision On Tax Reduction For Life, Health Insurance Premiums
Trending News
2 days, 5 hours ago

GST Council Delays Decision On Tax Reduction For Life, Health Insurance Premiums

ABP News  

The GST Council on Saturday deferred its decision on reducing the tax rate on life and health insurance premiums, according to officials. The GoM also recommended exempting GST from health insurance premiums paid by individuals, excluding senior citizens, for policies with coverage up to Rs 5 lakh. However, premiums for health insurance policies offering coverage exceeding Rs 5 lakh will …

Insurance Tax Council Senior Citizens Cent Gst Premiums
GST Council meets to decide on lower taxes on insurance policies, ATF inclusion
Trending News
2 days, 6 hours ago

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Deccan Chronicle  

Jaisalmer: The 55th GST Council meeting which is expected to decide on reducing the tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The four-tier tax slab of 5, 12, …

Insurance Tax Council Cent Rate Gst 5 Per Cent
GST Council postpones decision to cut tax on insurance, rate panel defers report submission
Top News
2 days, 7 hours ago

GST Council postpones decision to cut tax on insurance, rate panel defers report submission

The Hindu  

A GST Council meeting on Saturday postponed a decision on reducing taxes on health and life insurance, while the much talked-about GoM recommendation of rate rejig in 148 items was not tabled before the Council. “We will submit the GoM report on rate rationalisation in next meeting of Council,” said Mr. Chaudhary who is the convenor of the panel. The …

Insurance Tax Council Report Rate Gst Proposed
55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products
2 days, 14 hours ago

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products

New Indian Express  

The 55th Goods and Services Tax Council meeting, held in Jaisalmer, Rajasthan, under Finance Minister Nirmala Sitharaman on Saturday, deferred discussions on the much-anticipated proposal to restructure GST on insurance premiums. The GST Council also postponed discussions on the widely discussed rate rationalisation for various consumer items, including so-called ‘sin’ products. Under the current GST framework, e-commerce platforms face specific …

Council Gst Insurance Premiums Gst Council
Storm Darragh blew my wall down but my insurers won't cover £4,000 cost because they say wind didn't hit 55mph
2 days, 21 hours ago

Storm Darragh blew my wall down but my insurers won't cover £4,000 cost because they say wind didn't hit 55mph

Daily Mail  

A man who had his wall crashing down during Storm Darragh has been left over £4,000 out of pocket after his insurance company said the wind was too slow. The couple hadn't tried to use the policy until earlier this month, on December 7, when strong winds during Storm Darragh toppled a wall between his home and the street. Martyn …

Policy Insurance Wind Pay Wall Strong Winds His Home
Why you'll likely never see another new photo of Luigi Mangione again
Trending News
2 days, 22 hours ago

Why you'll likely never see another new photo of Luigi Mangione again

Daily Mail  

Luigi Mangione may never be photographed again, with the heartthrob facing a federal trial where cameras are banned and then potentially life behind bars. Photography is banned at both federal trials and at court proceedings in New York State, which has filed its own murder and terrorism charges against Mangione. Prosecutors are confident in their case against Mangione and if …

Insurance Death Murder Court Pennsylvania Charges New York
Special team issues advisory to farmers in Karaikal on managing paddy affected by waterlogging
2 days, 23 hours ago

Special team issues advisory to farmers in Karaikal on managing paddy affected by waterlogging

The Hindu  

A team of scientists from Krishi Vigyan Kendra, Pandit Jawaharlal Nehru College of Agriculture and Research Institute, and agricultural extension officers has advised farmers in Karaikal to adopt integrated pest management strategies to protect standing paddy crops inundated during the recent heavy rain. Earlier, the Department of Agriculture reported to the Puducherry government that there was a possibility of significant …

Karaikal
Yearender 2024: Govt schemes empowering women - a step towards financial independence
3 days, 1 hour ago

Yearender 2024: Govt schemes empowering women - a step towards financial independence

India TV News  

As 2024 comes to an end, the year has witnessed several remarkable initiatives by the central and state governments aimed at improving the economic status of women. Mukhyamantri Mahila Samman Yojana In Delhi, the Mukhyamantri Mahila Samman Yojana was introduced to provide financial support to women in the capital. While the benefits of this scheme will be available after the …

Women Delhi Financial Assistance Scheme This Scheme Lic Provide Financial
Uttarakhand State Commission Holds National Insurance Liable For Deficiency In Service Over Denial Of Legitimate Claim Amount
3 days, 3 hours ago

Uttarakhand State Commission Holds National Insurance Liable For Deficiency In Service Over Denial Of Legitimate Claim Amount

Live Law  

The Uttarakhand State Commission, presided by Mr. M.K. Singh held National Insurance liable for deficiency in service and upheld the District Commission's order. Consequently, the insurer appealed before the State Commission of Uttarakhand. Contentions of the Insurer The insurer argued that the complainant breached policy terms and did not intimate the theft promptly. However, the complainant contended that the insurer …

Commission Complainant Insurer National Insurance
Insured Cannot Assume Obligation On Part Of Bank To Renew Policy: NCDRC
3 days, 5 hours ago

Insured Cannot Assume Obligation On Part Of Bank To Renew Policy: NCDRC

Live Law  

The National Consumer Disputes Redressal Commission, presided by AVM J. Rajendra overruled the State Commission's order against SBI and held that the insured cannot assume obligation on the bank's part to renew the policy unless agreed otherwise. The loan terms required the stock, machinery, and furniture to be insured with United India Insurance/insurer, with premiums deducted from the complainant's account. …

Insurance Bank State Commission Complainant Renew Insurer Policy
Dear UP CM, Your State's Youth Immigrate to Israel Out of Necessity, Not Choice
3 days, 7 hours ago

Dear UP CM, Your State's Youth Immigrate to Israel Out of Necessity, Not Choice

The Quint  

The NSDC is a public-private partnership company, created in 2008 under India's Ministry of Finance and the Ministry of Skill Development and Entrepreneurship. Launched in 2014, eMigrate aims to protect Indian workers abroad by mandating insurance and ensuring monitoring by Indian embassies and consulates in labour destination countries. Workers migrating through the eMigrate system are required to subscribe to the …

Indian Workers Saudi Arabia Israel Emigrate
Surveyor's Report Can Only Be Rejected Only On Valid Grounds: NCDRC
3 days, 7 hours ago

Surveyor's Report Can Only Be Rejected Only On Valid Grounds: NCDRC

Live Law  

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and AVM J. Rajendra in an appeal against United India Insurance held that a surveyor's report is mandatory for insurance claims and it can only be rejected on reasonable grounds. The surveyor found 46.667% under-insurance for the building and stated machinery and potato stocks were not covered under the …

Policy Insurance Building Report Commission Complainant Insurer
Labour is accused of taking NI from hospices then giving it back under £100m funding plan
Trending News
3 days, 14 hours ago

Labour is accused of taking NI from hospices then giving it back under £100m funding plan

Daily Mail  

Hospices are being handed back money taken from them by Labour’s national insurance raid repackaged as bumper new funding, it is claimed. The Government yesterday said adult and children’s hospices will receive £100 million to help with providing end of life care in what it described as the ‘biggest investment in a generation’. The Keir Starmer-led Government yesterday said adult …

Labour Funding Care Minister Chief Executive Marie Curie Life Care
'We're working class people, how are we supposed to pay?': Family of sick British grandmother stuck in Florida hospital with no travel insurance hit back at critics of their fundraiser to fly her home
3 days, 14 hours ago

'We're working class people, how are we supposed to pay?': Family of sick British grandmother stuck in Florida hospital with no travel insurance hit back at critics of their fundraiser to fly her home

Daily Mail  

With her health in decline, 76-year-old Patricia Bunting was determined to have one final foreign holiday with her grandson William, who is 23 and has autism. With her health in decline, 76-year-old Patricia Bunting was determined to have one final foreign holiday with her grandson William, who is 23 and has autism But Patricia has been hospitalised since November 23 …

Health Travel Insurance Medical Florida Hospital Travel Insurance
Gujarat's most accident-prone driver? Man linked to 24 crashes sparks insurance scam probe
3 days, 14 hours ago

Gujarat's most accident-prone driver? Man linked to 24 crashes sparks insurance scam probe

New Indian Express  

AHMEDABAD: Investigators have uncovered a shocking insurance fraud case in Gujarat revolving around a man allegedly involved in 24 separate accidents in the districts of Panchmahal, Dahod and Mahisagar. However, a private firm engaged by Bajaj to verify the claim discovered a startling pattern—Chunchala had been named the driver in 23 other accidents across Panchmahal, Dahod, and Mahisagar districts. The …

Insurance Gujarat Man Godhra Dahod Fraudulent Claim Panchmahal