IRDAI tells Go Digit to pull out plan
Insurer ased to withdraw all advertisements
Insurance sector regulator IRDAI has asked Go Digit General Insurance to discontinue a product offering life insurance benefits in violation of regulatory norms.
The Insurance Regulatory and Development Authority of India (IRDAI) also asked the insurer to withdraw advertisements regarding the product from all media.
The insurance sector regulator said a show-cause notice was issued in August as deficiencies were observed in complying with the provisions of the Insurance Act.
Investors in the popular small saving schemes Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA), whose rates have not been hiked since January 2019, are unlikely to get higher returns anytime soon, a top government official has indicated.
Mutual fund houses are re-opening their international funds for investment due to the potential loss of long-term capital gains tax benefits if invested after the end of March.
Govt. puts onus of regulating index providers on SEBI, amid concerns about the safety of investors’ savings parked in funds linked to indices that have added or retained several Adani group stocks, despite post-Hindenburg meltdown
Drug major Sun Pharma has said the IT security incident that happened earlier this month will impact revenues of some of its businesses
The local rupee opened at 82.36 against the U.S. dollar and finally settled at 82.37 (provisional) against the greenback, registering a gain of 3 paise over its previous close of 82.40.
Shares of Reliance Industries climbed 1.54%, the most among the 30-share BSE constituents
S&P Global Ratings today kept its forecast for India’s economic growth unchanged at 6% in the fiscal year starting April 1
First Citizens Bank will buy “all the deposits and loans” of Silicon Valley Bank after it went bankrupt at the beginning of March, a U.S. banking agency said Sunday.
The rupee gained 9 paise to 82.31 against the US dollar in early trade on March 27 amid a weak dollar and a positive trend in domestic equities
Equity benchmark indices climbed in early trade on Monday, mainly on account of buying in index majors Reliance Industries and HDFC Bank as well as positive sentiments in the U.S. market.
After registering a sharp growth, India’s net direct tax collections are expected to moderate to 15% for 2022-23