There is no need to repeal the Life Insurance Corporation (LIC) Act 1956 and convert LIC into a company under the Companies Act, but the sovereign guarantee on the policy holders has outlived its utility and can be cancelled, said experts in insurance law and business....
With international crude oil rates under pressure due to outbreak of coronavirus in China, fuel prices in India fell again on the fifth consecutive day on Monday. The price of petrol was cut by 6 paise and that of diesel by 5 paise across all major cities....
Banking services in the northeastern states were badly affected for the second consecutive day on Saturday as most major banks remained closed due to a two-day countrywide strike by their employees....
The Karnataka unit of the opposition Congress on Saturday slammed the NDA government for the proposed selling of its equity stake in the state-run Life Insurance Corporation of India (LIC). ...
For development works in newly-created Union Territories of Jammu & Kashmir and Ladakh, Union Finance Minister Nirmala Sitharaman has allocated Rs 30,757 crore and Rs 5,958 crore, respectively, for the financial year 2020-21....
Biocon Chairperson Kiran Mazumdar-Shaw on Saturday lauded Union Finance Minister Nirmala Sitharaman for promising to end tax harassment of India Inc and changing the Companies Act to decriminalise many non-compliances. ...
Finance Minister Nirmala Sitharaman said on Saturday the government would sell its entire stake in IDBI Bank to private players....
Opposing the government's decision to list Life Insurance Corporation of India (LIC) through an initial public offering (IPO), the All India Insurance Employees' Association (AIIEA) will first go on one hour walk-out strike on February 3 or 4, a top union leader said on Saturday....
The government has set a divestment target of Rs 2.1 lakh crore for FY21 on the back of planned listing of LIC and privatisation of Air India and BPCL, and it's around Rs 1 lakh crore more than the FY20 goal of Rs 1.05 lakh crore. ...
In a major relief to middle class, Finance Minister Nirmala Sitharaman has proposed to cut income tax rates and change slabs to lower tax incidence for those earning upto Rs 15 lakh a year....
