Life insurers see little impact from tax sop removal
The finance minister announced in the February budget the scrapping of the tax exemption on maturity proceeds of non-unit linked insurance plan (ULIP) policies purchased after April 1 with annual premiums above ₹5 lakh. That had led to a rise in pre-booking of high-ticket, non-linked policies in March. Key Points
Economic TimesHow to buy life insurance to maximise tax-free maturity amount after CBDT's new curbs
The Central Board of Direct Taxes (CBDT) has issued guidelines in August 2023 on how tax-exemption on maturity amount received from life insurance policies (except Ulips) would be calculated. The new guidelines have been issued after Budget 2023 put a cap on annual premium till which tax-exemption on life insurance policies will be available from April 1, 2023. Key Points
Economic TimesCold War II: America’s emulation of Chinese policy could reset their relations
True, tensions prevail. Yet, cooperation may be easier if both countries realize that their policies are neither too different nor necessarily harmful to each other. Key Points
mintYouTube removes 1.9 million videos for rule violations in India
Google-owned YouTube has removed more than 1.9 million videos from its platform in India between January and March 2023 for violating 'YouTube's Community Guidelines'. Key Points
The Tribune IndiaInsurance new rule: e-Insurance in demat like format mandatory for all new policies from April 1, 2024; wh
e-Insurance policies new rule: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024. e-insurance refers to the process of acquiring and managing insurance policies electronically. Policyholders can purchase insurance and store digital policy documents in a dedicated e-Insurance Account (eIA). This eliminates the need for physical documents and simplifies managing various insurance policies, including life, health, and general insurance coverage. What policyholders must know about this new IRDAI rule Key Points
Economic Times
Vision 2047: India’s plans for the telecom sector
The Department of Telecommunications (DoT) has firmed up its vision for 2047 and policies will be framed to meet the following targets it has set, according to people in the know. The government has been formulating policies to achieve its objectives for 2047. Key Points
Economic TimesTwo insurance rules from April 1, 2024: Demat type e-Insurance Account must to buy new policies, latest su
Two major insurance rules that are effective from April 1, 2024, are — compulsory e-Insurance policies for new policyholders and the latest the surrender charges of the life insurance plans such as endowment policies. To make it easier for insurance policyholders, we have summarised the main changes here. Read on Key Points
Economic TimesAndhra Pradesh records Rs 7,653 crore GST revenue in Q1 of 2023-24: Officials
According to officials, the Andhra Pradesh Mineral Development Corporation (APMDC) is earning more revenue from Mangampeta baryte reserves and Suliyari coal block, which is expected to produce 5 million tonnes of coal in the current financial year. APMDC's revenue increased to Rs 1,806 crore in 2022-23 from Rs 502 crore in 2020-21, even as officials projected that it will rise to Rs 4,000 crore in 2023-24. Key Points
Economic TimesInterest rates and prudential norms together help home loan quality: Research
The research paper written is jointly by Amar Nath Yadav, Vivek Kumar and Jyoti Kumari of the Reserve Bank of India's Department of Statistics and Information Management and the external contributor Alok Kumar Chakrawal , vice-chancellor of Guru Ghasidas Vishwavidyalaya, Chhattisgarh. The views expressed are not necessarily of the central bank. Key Points
Economic TimesIRDAI proposes increasing free-look period to return insurance policies
Coming to the aid of policyholders and to curb misselling, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to extend... Key Points
The Tribune India
Freedom of speech at American universities is falling prey to doublespeak
Institutions need divergent voices, inclusive policies and collaborative learning. Their programmes should not be used as a cudgel to promote ideological conformity. Key Points
mintArdern exit, harsh Covid curbs & inflation — why Kiwis voted Labour out after 6-year stint in power
New Zealand: Labour leader Hipkins conceded defeat to National Party’s Christopher Luxon. Observers say ruling party's domestic policies “backfired”. Key Points
ThePrintFor capital gains, 4 midcap capital goods and engineering stocks have upside potential of up to 32%
Two things which impact the demand for capital goods. First is the spending, both by the government and private sector. Second is the focus of the government policies. As far as the first is concerned, government focus money has been going into infrastructure space and hence anything to do with roads and bridges have been doing extremely well. On the policy side, the focus of government policies increasingly turning favorable toward the manufacturing sector, select capital goods and engineering companies which cater to sectors like EV and textiles are making a comeback on the analysts list. Key Points
Economic TimesLife insurance: Disclose true health status when buying a term plan
Among the death claims, more than 85% are non-early in nature, i.e., the claims that arise three years after buying the policies. Key Points
FinancialexpressG-20 meet at Amritsar: Why farm unions, teachers are protesting
On Wednesday, a protest rally was held on the outskirts of Amritsar by different unions. Here is why they are opposing the G-20 meet on education being held in the city. Key Points
The Indian Express
What Donald Trump’s return could mean for West Asia
Donald Trump’s return to the White House raises important questions about how his administration would approach policies in West Asia. The stakes are high, with issues ranging from Israeli-Palestinian tensions to Gulf nations’ aspirations for autonomy, influence, and strategic leverage in an increasingly multipolar world. Key Points
India TodayAhead of 2024 polls, RSS brass meets Shah, Sitharaman & other ministers over economic policies
BJP and RSS hold meeting to discuss strategies on how to take PM Narendra Modi's economic policies to voters. Sangh affiliates also give feedback on impact of welfare schemes. Key Points
ThePrintNow, life insurance maturity money will not be fully tax-exempt: CBDT issues new tax rules
The Central Board of Direct Taxes (CBDT) has issued guidelines on how tax exempt portion from life insurance policies will be calculated (bought on or after April 1, 2023). This would mean that now maturity proceeds from life insurance companies will not be fully tax-exempt except in certain cases. Read on to know more about it. Key Points
Economic TimesWhy Aurangzeb is so controversial? Here is everything you should know about the Mughal emperor
The longest-reigning Mughal emperor, Aurangzeb's policies still evoke a passionate debate and discourse among historians, politicians and the general public due to his religious policies and their impact on India's social fabric. He is often described as a polarizing figure who was an expansionist, imposed tough Sharia laws, brought back the discriminatory jizya tax and was known for his strict and orthodox interpretation of Islam. Key Points
Economic TimesRs 40 trillion investment, 20 lakh jobs: What Naidu wants to achieve in 5 yrs with 6 industrial policies
Andhra Pradesh cabinet approved the policies in one go at Amaravati this week. The proposed incentives will attract industries back to the state, says CM Chandrababu Naidu. Key Points
ThePrint
Anti-poverty schemes may help poor children’s brains grow normally
The relationship between brain development and low-income is relatively well-established, but the role of anti-poverty policies in this relationship is not. A new study fills this gap. Key Points
The HinduMama Earth Co-founder Ghazal Alagh voices concerns over period leave debate, says 'setback for hard-earned equality...'
Alagh, a prominent entrepreneur, cautioned against the implementation of a paid leave policy for menstruation, suggesting that it might pose challenges for women in the workforce. Taking to the social media platform X (formerly Twitter), she shared her perspective on the matter. Key Points
mintU.S. property catastrophe reinsurance rates rise up to 50% on July 1, report says
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes. Key Points
ReutersET Explains: Why banks & agents prefer selling traditional savings insurance products over term insurance
Banks and insurance agents often favour endowment policies over term policies because endowment plans offer them higher commissions. These commissions are typically a percentage of the premium paid by policyholders, making endowment policies more financially attractive for agents and banks. Key Points
Economic TimesHumanity's progress may be in peril as climate change sweeps in
While progress has been made over the past 250 years, recent events suggest a reversal of fortune. Climate change poses the biggest threat to continued progress, and political arrangements have undergone profound changes. Key Points
mint
Prioritise, don't tick all boxes
Countries aim to achieve UN SDGs but struggle due to lack of focus. Malawi prioritizes tablets for learning, India uses class shuffling, and Colombia focuses on literacy. Ghana digitizes revenue, and e-procurement reduces corruption for efficient governance. Key Points
The Economic TimesGood Climate Solutions Need Good Policy—and AI Can Help With That
Climate Policy Radar's tools scan global environmental laws to see what works and what doesn't. What its AI is discovering today will help shape the regulations of tomorrow. Key Points
WIREDLok Sabha elections 2024: OpenAI won't allow its AI to be used for ‘political campaigning, lobbying’
OpenAI has announced new policies to safeguard the democratic process during elections. These policies include allowing technology for political campaigning and lobbying, restricting the creation of deceptive chatbots, and more. Key Points
mintPotential stars of next rally are top MF buys in November
Analysts say that insurance cos have managed to increase premiums on most of their existing policies by 20-30%. Given this increase, the profitability of insurance companies is likely to improve in the coming quarters, making current valuations attractive. Key Points
Economic TimesTailwinds to continue: 6 capital goods and engineering stocks with upside potential of up to 40%
Capital goods and engineering companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Three things impact the demand for capital goods . First, spending by the government, spending by the private sector. Last but not the least the focus of the government policies. After the state election results, there is a higher probability that two out of three factors are likely to continue to play. Will this lead to another round of strong re-rating? Key Points
Economic Times
From climate pledges to action: unbiased data is a must for strong regulation
Technical assistance from independent NGOs can lay the groundwork for the policy successes needed to fight climate change. Rules that promote the use of cutting-edge technologies can foster innovation, enhance competitiveness, and help countries position themselves as climate leaders. Key Points
mintRBI's Shaktikanta Das says US should rethink currency manipulator list
India's central bank governor, Shaktikanta Das, has called for a review of the US practice of putting emerging markets countries on a watchlist as potential currency manipulators. He argued that emerging markets face challenges dealing with the spillover effects of advanced economy policies and that there needs to be a balanced approach. Key Points
Economic Times'Kohrra' actor Suvinder Vicky on life before acting: 'Would sell policies to people'-Entertainment News , Firstpost
The actor revealed, 'Acting isn't like a proper 9-5 ‘job’. The trend in our family was always that either you look after the farm or get a regular job. My father fortunately had a regular job and would do as a hobby, so I inherited that passion.' Key Points
FirstpostGenerali $22 billion portfolio sale to private equity complicated by rate surge
Assicurazioni Generali's plans to shed up to 20 billion euros ($21.87 billion) of insurance liabilities are being hampered as a surge in interest rates has complicated talks with buyers, three people familiar with the matter said. Key Points
ReutersTurkey's market rout deepens as investors believe Erdogan will win another 5-year term in runoff
Turkish financial assets weakened for a second day as investors bet that President Tayyip Erdogan would win another five-year term and continue his unorthodox economic policies. Opinion polls predicted Kemal Kilicdaroglu in the lead. The investors expected him to scrap some of economic policies of the government. Key Points
India Today