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May 25, 2013
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Personal Finance
Indirect tax collection up 3.3% in April
Indirect tax collection in April, the first month of the 2013-14 fiscal, grew by a meagre 3.3 percent to Rs 33,684 crore with excise duty collection declining 14.7 percent year-on-year.
Latest News
Health, motor insurance to be key growth drivers: Bajaj Allianz
Health and motor insurance will remain the key growth drivers for Bajaj Allianz General Insurance in near future on the back of larger opportunities in these space, a top company official said.
IRDA allows insurance cos to deal in credit default swaps
Insurance Regulatory and Development Authority (IRDA) has permitted the use of Credit Default Swap (CDS), a derivative instrument that offers credit protection, for insurance companies to hedge their risk.
LIC rich by denying claims on flimsy ground: Consumer Forum
The Life Insurance Corporation of India has become the "richest" organisation in the country by rejecting rightful claims of insured under mediclaim policies on "flimsy" grounds, the Delhi State Consumer Commission has said.
Life insurance penetration in India higher than global average
"Life insurance penetration in India was higher than the world's average in 2010 and the combined average is higher than Brazil and Russia and most of other countries of Asia including Bangladesh, Pakistan, China and Sri Lanka," Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha.
Rs 69,465 cr service tax collected in first 7 months of FY13
Service tax collection during the first seven months of this fiscal stood at Rs 69,465 crore, Parliament was informed Thursday.
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Money Matters
HDFC Standard Life tops unfair trade practices complaint chart
The total number of unfair business practice complaints has shot up to 1.68 lakh in 2012-13.
SBI Mutual Fund launches gold accumulation facility
SBI Gold Fund is an open ended fund, which enables the common man to invest systematically in gold.
DPLI launches savings-cum protection plan
The policy can be bought even at the age of 55 or 60 which will mature when the policyholder turns 75, the maximum maturity age.
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