Business Today

40% increase in women buying health insurance in FY24, shows Policybazaar data

The survey, based on responses from over 23,000 respondents, also shows a 43% increase in the number of women purchasing individual coverage

EPF account holders must add nominee by Dec 31: check guidelines

From next year, only the nominated members will be able to withdraw the EPF savings in the event of subscribers' sudden demise.

Govt relaxes cash payment cap of Rs 2 lakh in COVID treatment post High Court nudge

All hospitals, nursing units, dispensaries and COVID care centres will be able to accept cash over Rs 2 lakh from the patient's family. The exemption will be applicable on all transactions between April 1 and May 31

LIC 10th most-valuable insurance brand, third most-strongest globally: Report

The report also looks into the strongest insurance brands. The list is led by Italy's Poste Italiane, followed by Spain's Mapfre, and India's LIC

CBDT notifies new ITR forms for AY 2021-22, filing process unchanged

Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been incorporated in the forms, CBDT said in the notification for the new ITR forms

RBI cancels licence of Maharashtra-based Karad Janata Sahakari Bank

Following the cancellation of its licence, The Karad Janata Sahakari Bank has been prohibited from conducting the business of 'banking' which includes acceptance of deposits and repayment of deposits with immediate effect

PPF rate slashed to 7.1%, lowest in 43 years; small savings rates cut up to 1.4%

The new interest rates for small savings schemes will remain in effect for the first quarter of financial year 2020-21, that is from April 1, 2020 to June 30, 2020

Why LIC disinvestment is a big, bold decision of Modi govt

While the government divests its stake in LIC, it should also shoulder the responsibility of creating other huge profit-making companies with large market capitalisation, whose reserves can support the Indian economy for key investments and in times of distress as well

Income tax on gifts: Know when your gift is tax-free

If the gift amount is significant, chances are you will end up paying the highest tax rate of 30 per cent on your gift