Most insurers align premium rates with GIC Re norm

Even though a case has been filed in the Telangana High Court by Laurus Labs Ltd pleading scrapping of General Insurance Corporation of India's (GIC Re) move to accept fire insurance risks at a stipulated rate, majority of primary insurers have aligned premium rates with that of the reinsurer, said industry officials

Ship-building industry seeks quashing of RBI circular to survive

Ship-building companies have petitioned the Supreme Court that the industry can survive only if the February 12 circular of the Reserve Bank of India (RBI) is quashed and set aside.

Filing Income Tax Returns in India

Income tax returns in India must be filed by the deadline of July 31, 2018, where the income earned during FY 2017-18 will be accounted for. Filing after the deadline will incur penalties.

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Bangalore: Economy, Industries, and Infrastructure

Bangalore (officially Bengaluru) is among the world’s top 10 fastest growing cities with an average economic growth rate of 8.5 percent. Read to know about the city's economy, major industries, and infrastructure.

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Jet suspends 12 international services till April-end

Jet Airways has suspended 12 international flights even as it grapples with a reduced fleet strength, industry insiders said on Friday.

Setting Up a Limited Liability Partnership in India

Foreign direct investment (FDI) in limited liability partnership (LLP) has opened new avenues of opportunities for many foreign companies to enter India. An LLP is essentially a hybrid form of corporate structure that combines benefits of both, a company (private or public) and a partnership firm. It embodies limited liability for its partners, like a[.....]

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Audit in India – New Issue of India Briefing Magazine Out Now

The latest issue of India Briefing Magazine - "Audit in India", is available for download from the Asia Briefing Publication Store.

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GST Composition Scheme for SMEs in India

The composition scheme under the Goods and Services Tax allows SME suppliers of goods (intrastate) to file their GST returns at a fixed rate. We discuss the advantages and challenges of the scheme.

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Aadhaar Update: New Ordinance Promulgated, Business to Pay for Aadhaar KYC

India's new Aadhaar and Other Laws (Amendment) Ordinance, 2019, allows private companies to use Aadhaar number for voluntary KYC mechanisms at extra cost. Read to know more.

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India Eases E-Visa Rules for Businesses

India's new business e-visa rules provide for longer visa validity, continuous stay up to 180 days and multiple entries. Read to know more

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US to Suspend Preferential, Duty-Free Trade with India under GSP

In a major setback to India-US trade relations, US President Donald Trump announced his decision to withdraw India’s name from the Generalized System of Preferences (GSP) program. Read to know the details.

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Economy of Mumbai – India’s Major Commercial Hub

Learn about the economy of Mumbai, the capital city of Maharashtra and India's economic powerhouse, and commercial hub.

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