Niva Bupa says no financial impact from Irdai action, vows steps to safeguard stakeholders MUMBAI: Niva Bupa Health Insurance has been barred from opening new places of business for six months after the insurance regulator found that the company had failed to comply with expense of management limits for 2024-25.Irdai in an order issued Aug … Read more
VB G RAM G generates 11.4 crore person-days, women account for 61.5% NEW DELHI: Over 11.4 crore person-days have been generated since the rollout of Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (Gramin) Act (VB G RAM G Act), which replaced MGNREGA, according to the govt portal on the new scheme. Women account for 61.5% … Read more
The move could also help broaden the international use of the rupee. In a bid to push for greater adoption of rupee for trade settlement purposes, the government on Thursday revised parts of the Foreign Trade Policy to give exporters greater flexibility to invoice overseas transactions and receive export proceeds in Indian rupees.The changes apply … Read more
Alongside the import decision, the government has introduced tighter restrictions on sugar inventories held by large consumers. India has allowed duty-free imports of 1 million metric tons of raw sugar until October 31, the commerce ministry said on Thursday, as the government moves to boost domestic supplies and contain record prices ahead of the country’s … Read more
The bond market remains at the heart of the recent market turbulence. US stock market today: Wall Street benchmarks retreated on Thursday as a rise in oil prices renewed concerns about inflation and pushed bond yields higher. This reversed some of the relief that followed the US Treasury Department’s announcement a day earlier. The US … Read more
The H-1B visa route is becoming more selective, compliance-intensive, and less forgiving. Has the Donald Trump administration effectively killed the H-1B visa dream? Frequent policy changes, increasing restrictions and selective picking – the H-1B visa path for Indian professionals is becoming tougher to navigate – with unpredictability serving as the biggest obstruction.H-1B visas have long … Read more
NSE shares may trade on its platform under ‘permitted-to-trade’ route NSE could soon have its own shares trading on its platform, even as they are already listed on another stock exchange first. The exchange may not need a separate Sebi approval to do this, as the move could come under its existing ‘permitted-to-trade’ system, an … Read more
The stock limit will be from Sep 1 to Nov 30 NEW DELHI: The government has imposed a stock limit on sugar for bulk consumers, including confectionery makers, soft drink manufacturers, food processing industries, sweetmeat sellers and other institutional buyers. These consumers can hold a maximum of 10 tonnes of sugar for 15 days.The stock … Read more
The proposal is intended to reinforce stability in the foreign exchange market. Facing pressure on external payments, Pakistan has approached the US for a $10 billion facility to bolster its foreign exchange reserves. The move comes as part of moves to boost confidence among international investors, Finance Minister Muhammad Aurangzeb said, according to a PTI … Read more
Investigators found that a significant share of the funds was routed to a small group of overseas destinations. Income Tax crackdown: The Income Tax Department has uncovered a large overseas remittance network that involves as many as 6,422 new entities. These companies collectively transferred Rs 1.29 lakh crore abroad. The findings have already led to … Read more