Markets

Aurobindo Pharma Rating - 'Add', FDA about-turn likely to lead to volatility

Rescindment of VAI for Unit-IV expected to cause sharp correction in price and puts at risk revenue estimates; TP down to Rs 540

Insurance

Your Money: Buy insurance for financial protection, not for saving taxes

And to be precise, tax savings motives are found to be positively related to the purchase of term insurance policies. News
Industry

AGR dues: No direction from govt yet on invoking telcos’ bank guarantees, says SBI chief Rajnish Kumar

Around 15 telecom operators have dues aggregating to about Rs 1.47 lakh crore. News
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Industry

RBI focusing on sharper off-site surveillance, says Shaktikanta Das

The governor said the regulator was looking to deploy a range of tools and technology to meet its supervisory objectives. News
Banking & Finance

Cash withdrawals have gone up in last 5 years, India second only to China, says RBI report

The central bank cited a report by Credit Suisse, which stated that 72% of India’s consumer transactions take place in cash, double the rate as in China. News
Top News

DHFL muddle: Dheeraj Wadhawan claims Rs 2,500 crore from troubled company

Analyst Corner: RBL Bank - Upgrade to ‘buy’ with unchanged FV of Rs 375

Analyst Corner: Axis Bank - Maintain ‘buy’ with target price of Rs 860

USD 5 trillion economy too idealistic, says Niti Aayog committee official

Who is Ramvir Bidhuri, BJP appointed Leader of Opposition in Delhi Assembly

Car hits crowd at German carnival; several injured

Govt ropes in CSCs to enrol farmers for Kisan Credit Card

Donald Trump India visit: Ex-PM Manmohan Singh, other Congress leaders to skip President Kovind's banquet in US president's honour

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Money

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National Pension System: What happens to your pension if no NPS annuity provider is selected?

National Pension System, NPS, New Pension Scheme, defined benefit pension, defined contribution pension, annuity service providers, annuity options, default ASP, default annuity option, PFRDA, IRDAI, life insurance company, LIC News

RBI's new moto 'cash is king, but digital is divine'

demonetisation, cash transactions, digital payments, Notes in circulation, currency in circulation, CIC, coins in circulation, digitaisation, blackmoney, Reserve Bank of India, RBI, Indian economy, GDP growth News

ESIC Special Service Fortnight 2020: From payment of cash benefits to redressal of public grievances - Check offers

Employee State Insurance Corporation Scheme: Avail the benefits of ESIC Special Service Fortnight The Employee State Insurance Corporation Scheme (ESICS) provides members financial protection in case of an unfortunate health-related eventuality. The scheme offers medical benefits, maternity benefits, unemployment allowance, disability benefits, etc. The Employees’ State Insurance Act, 1948 (ESI Act), incorporates health-related eventualities which workers are exposed to on a daily basis, including any type of sickness, maternity, temporary or permanent disability, diseases contracted from a workplace, death due to employment, or any type of injury that results in the loss of wages or earning capacity. What does the scheme offer? When a company employs has 10 or more employees, it is mandatory for that company to register with the ESIC. Under such a company, an employee earning less than Rs 21,000 per month contributes 1.75 per cent of their salary towards the ESI whereas the employer pays 4.75 per cent towards the ESI making a total of 6.5 per cent. ESIC Special Service Fortnight Avail the benefit of ESIC Special Service Fortnight from 24th February 2020 to 10th March 2020, the ESIC scheme will offer special benefits. It includes; • Health check-up camps daily, for ESI beneficiaries • Spot redressal of public grievances at ESIC offices/hospitals • Distribution of health passbooks at the venue of the camps • Mock fire drill at all ESIC hospitals on 6th March 2020 • Special camps at ESIC office/hospitals for payment of cash benefits and clearance of pending bills of IPs and channel partners of ESIC New initiatives under special service fortnight The monthly contribution has been reduced from 4.75 per cent to 3.25 per cent for employers and from 1.75 per cent to 0.75 per cent for employees. Under the scheme ‘seva setu Kendra’ will be opened for availing health care services and cash benefits. Major benefits of this scheme include - 1. Medical benefits, wherein the ESIC takes care of an individual's medical expenses by providing reasonable medical care, in case of any untimely health-related eventuality. 2. In case a temporary disablement of an employee, the scheme ensures monthly wage is paid to that employee for the period of the injury. In the case of permanent disablement, the employee will be paid for the remainder of the employee's life. 3. In terms of maternity benefits, ESIC provides the average daily wages to the employee for a period of up to 26 weeks from the time of going into labor and 6 weeks in case of a miscarriage. 4. Other benefits include sickness benefit, unemployment allowance, dependent's benefit, confinement expenses, funeral expenses, physical rehabilitation, vocational training, and skill upgradation training under Rajiv Gandhi Shramik Kalyan Yojana (RGSKY) News

Earning Rs 6 lakh, Rs 8 lakh, Rs 10 lakh or Rs 12 lakh? Pay this tax without deductions

new tax regime vs old tax regime calculator News

Why Health Insurance is the need of the hour for you and for your family

Coronavirus, Health Insurance, Critical Illness Cover, Health Insurance Benefits, In-patient Hospitalization, Cashless claim, lifestyle diseases, IRDA News

DIY Mutual Fund investing: Key things to keep in mind before starting SIP yourself

mutual fund, MF, mutual fund sahi hai, AMFI, Association of Mutual Funds in India, Do It Yourself investment, DIY investment, financial planning, systematic investment plan, SIP, equity MF, market risk News

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