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Personal Finance
Govt detects Rs 1,761.09 crore undisclosed income till June
The government has detected an undisclosed income of Rs 1,761.09 crore while it seized Rs 75.37 crore in a total of 41 searches till June this fiscal, Parliament was informed Friday.
Latest News
US biz body hails passage of Insurance Bill in India
A leading business body in the US has hailed passage of the Insurance Laws (Amendment) Bill in India that raises the FDI cap to 49 percent, saying such a legislation would promote investment, create jobs and increase financial stability.
Insurers eye billions of dollars as Par clears Bill
Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.
Govt expects Rs 25,000 cr foreign investment in insurance sector
Foreign capital to the tune of Rs 25,000 crore is likely to flow into the insurance sector, with Parliament approving hike in foreign investment cap to 49 percent, Minister of State for Finance Jayant Sinha said Thursday.
Insurance Bill passage to boost foreign investment: Industry
Industry chambers Thursday hailed the passage of the Insurance Bill in Parliament, saying this long-awaited reform will mark a new beginning in the insurance sector and pave the way for higher foreign investment.
Govt invokes Sachin, Kohli to bat for Insurance Bill in RS
Government Thursday invoked names of cricket icons Sachin Tendulkar and Virat Kohli to bat in the Rajya Sabha for Insurance Bill, which provides for raising the foreign investment cap to 49 percent from 26 percent.
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Money Matters
Life insurance market clocks 20% growth in first quarter
After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.
Govt reduces claims settlement period by EPFO to 20 days
EPFO has settled 11.06 lakh claims in June, 38 percent of these were settled within 3 days and 76 percent within 10 days.
HDFC Bank unveils PayZapp online payment solution
"PayZapp, a payment solution, will revolutionise the way payments and purchases are done on the go today using mobile devices.
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