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Now an effective GST rate of 5% will be applicable on the value of a non-affordable under-construction property, and not 18% on two-thirds of its value, as before.

Builders may pass on input tax to buyers

Affordable home prices may be raised by 2-3%.

5 March 2019 2:35 AM IST

Centre says EC bars dont apply to existing schemes.

Farmers may get Rs 2,000 cr more before elections

Second tranche to be released between April-end and early May this year.

2 March 2019 2:13 AM IST

Health insurance is not just another tax-saving header. It is a necessity. If you are without a health cover today, you are taking a risk. A sudden hospitalisation can be potentially worth lakhs of rupees.

Life insurance to cost less as mortality rate declines

With a significant fall in the mortality rate in India, the cost of life insurance premiums is set to come down to a...

1 March 2019 3:04 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi's not fit and proper' norm applies to all 300

The Sebi order, however, considers NSEL's conduct so heinous that any association with it makes one not fit and proper.

28 Feb 2019 1:05 AM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.

Insurers asked to focus on governance

The high-level meeting was the first of its kind.

22 Feb 2019 1:48 AM IST

The tourists will get an opportunity to visit the deep inside the coal mines in Bhandewada and Ukani to understand the intricacies involved in coal mining.

Goa mining ban resolution may fall on next central government

Local mining bodies have claimed that lives of over 3 lakh people dependent on mining operations are at stake.

21 Feb 2019 1:48 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Govt keen on insurance merger

The move came soon after the incumbent Dr N Srinivasa Rao was appointed as economic advisor at the Rural Development...

20 Feb 2019 2:45 AM IST

Bombay high court

NSEL faces HC music for diverting fund

When will the investors be paid this money remains a moot question as the repayment has become a huge conundrum.

16 Feb 2019 1:55 AM IST

No resource crunch: GICHF

As on December 31, 2018, the average cost of fund stood at 8.01 per cent whereas its incremental cost of fund was at...

14 Feb 2019 1:55 AM IST

Health insurance is not just another tax-saving header. It is a necessity. If you are without a health cover today, you are taking a risk. A sudden hospitalisation can be potentially worth lakhs of rupees.

General insurers see a bleak year

In the first nine months this fiscal year ending March 2019, general insurers have not even crossed Rs 1.2 lakh crore in...

12 Feb 2019 1:40 AM IST

Bombay Stock Exchange

Brokers cry crisis as action looms on 148 members

Consequently, they will not be allowed to carry out any business in the securities market.

6 Feb 2019 3:00 AM IST

The government had targetted an average monthly GST collection of over Rs 1.10 lakh crore this fiscal.

Flagship social security schemes facing cash crunch

Govt is already committed to spend over Rs 35,000 crore this fiscal for the poor and farmers across the country.

19 Nov 2018 11:19 AM IST