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New Delhi: Banks in India cannot see, record or inspect the valuables customers store in bank lockers, Union Finance Minister Nirmala Sitharaman told the Lok Sabha during Question Hour on 30 March 2026. She said this would violate banking regulations and customer privacy, and ruled out the possibility of differential insurance coverage based on the contents of lockers. Under the current framework, standard insurance compensation for locker loss is capped at 100 times the annual locker rent, and ...Read More >
New Delhi, Dec 16 (PTI) As many as seven companies, including Yashoda Healthcare Services, Fusion CX and Orient Cables, have secured Sebi's approval to raise funds through initial public offerings (IPOs), data with the markets regulator showed on Tuesday. Other firms that received regulatory approvals are Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies, and Lohia Corp. Together, these companies are expected to fetch over Rs 6,000 crore, market sources said. These ...Read More >
MUMBAI: India is witnessing a sharp increase in companies purchasing cyber insurance and expanding cover sizes, as boards and management reassess digital risks following high-profile global outages, like the one involving Jaguar Land Rover, and tighter data protection rules. The time taken to put a cyber insurance cover in place has shrunk dramatically to just a few days from six to seven months earlier, as companies move quickly to hedge against operational disruption, regulatory fines and pot ...Read More >
India's insurance market saw strong growth, boosted by the festive season and a government decision to make health insurance GST-free. The festive season, coupled with the government's recent decision to make health insurance GST-free, has provided a strong boost to India's insurance market. According to an analysis by Policybazaar, insurance payments between September 22 and October 14 grew 14 per cent week-on-week and 35 per cent year-on-year, driven by festive spending and consumer preferenc ...Read More >
New Delhi, Sep 16 (PTI) Insurance companies will not be able to claim input tax credit on GST paid on inputs like commissions and brokerages for individual health and life insurance policies with effect from September 22, the CBIC said on Tuesday. The Central Board of Indirect Taxes and Customs (CBIC) has issued a set of FAQs clarifying on the taxation of various goods and services when the new GST slabs kick in from September 22. The GST Council in its meeting on September 3 had decided to ex ...Read More >
Mumbai: The death of a 32-year-old chartered accountant, Raj Leela, has shocked Mumbai. He died by suicide after allegedly being extorted for over ₹3 crore with a private video leak by two people he met on Instagram. The 32-year-old CA Raj Leela More died by suicide on July 5. Raj has left behind a three-page suicide note, mentioning his mother, friends and office colleagues. In his suicide note Raj wrote, "Sorry mother, I could not be your good son... I'm leaving you alone. May God never give ...Read More >
Hyderabad: National Insurance Awareness Day is celebrated every year on June 28. This day focuses on the importance of having insurance and helps people understand its benefits. It also reminds everyone to regularly check their insurance plans to ensure they are current and meet their needs. Insurance offers security, covering loved ones and recovering losses in the event of damage, illness, or death. From term insurance to life insurance, to health insurance, to home insurance, to car insuranc ...Read More >
VMPL New Delhi [India], February 4: In today's hyper-connected world, businesses heavily rely on digital technology to upscale their processes. However, this increased dependence has also made them more prone to cyber threats. The growing risk of cyberattacks is quite concerning for Indian businesses, with scaling financial losses, disrupted operations, and reputational damage as the outcomes. Therefore, it calls for a proactive solution like cyber insurance to ensure a safety net. Let's expl ...Read More >
Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. Also Read | Australia Squad for ICC U19 Women's T20 World Cup 2025 Announced: Fifteen-Year-Old Caoimhe Bray Included. However, in India, many people do not opt for comprehensive two-w ...Read More >
BusinessWire India Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. However, in India, many people do not opt for comprehensive two-wheeler insurance as the government has not made it compulsory. However, it is highly recommended th ...Read More >
New Delhi: The income-tax department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR (income tax return) can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their income tax return for assessment year (AY) 2024-25. The advisory ...Read More >
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