Circular No. IRDA/ACT/CIR/VIP/171/10/2010, dated 21-10-2010 Enclosed are the draft guidelines on Variable Insurance Products. Insurers are requested to send their comments on these guidelines on or before October 31,2010 so that the Authority can issue final guidelines on or before November, 4, 2010. A separate circular is being sent to all insurers where current Universal […]
Expenses of Management (EOM) under section 40C of the Insurance Act, 1938 read with Rule 17E of the Insurance Rules 1939 Circular No. IRDA/F&I/CIR/EMT/169/10/2010, dated 22-10-2010 A detailed review of the various elements of the ‘Expenses of Management’ (EOM) reckoned by non-life insurers for compliance with section 40C of the Insurance Act, 1938 read with […]
The Income Tax department is expecting to collect Rs 5,000 crore as taxes from the payments and salaries relating to award of contracts and payments made by various agencies in the Commonwealth Games .
Mumbai- Till fairly recently, parties held guilty in consumer forums delayed shelling out compensation by paying only a part or by seeking adjournments. Not anymore. The state consumer commission has, among other measures, precluded payment of compen
In what could delay further the implementation of Goods and Services Tax (GST), state panel chief Asim Dasgupta has asked the Centre to do away with GST council and the dispute settlement body in the constitutional amendment bill. “Empowered Group of
The Income Tax department, which conducted searches against major consortia which bagged contracts related to Commonwealth Games, is looking at rate contracts and the difference in market and procurement prices of various goods like air conditioners
Not just you, now your property too will get a unique identification number. By January 2011, all property owners of Bangalore will finally get their updated unique Property Identification (PID) numbers.
The trial in multi-crore Satyam Computers accounting fraud case would begin from November 2, nearly 22 months after B Ramalinga Raju, disgraced founder of Satyam Computer Services admitted fudging of company accounts to the tune of Rs 7,200 crore (Rs
Communications Minister A Raja’s promise to let people switch their mobile service operators while retaining their telephone number has got delayed once again – the deadline for the implementation of mobile number portability has been postponed from
Mahesh Bhupathi has been a resolute fighter on the tennis court since he turned pro in 1995. Clawing his way up the ATP rankings, he has earned a career prize money of $5,191,184. But on Monday he decisively lost the tenacious fight he waged right up
