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Govt approval eludes insurance sector
At a time when the finance ministry is taking pro-active steps to smoothen the process of top-level appointments in banks, the insurance sector senses no chance of such a reform. It has been close to a year that the chairman’s position is vacant at Life Insurance Corporation of India (LIC). Going by some recent developments in the sector, the country’s largest life insurer will have to

TPA plans by health insurers hit roadblock

Plans to set up a third party administrator (TPA) for managing health insurance claims by the four public sector insurance players appear to have hit a road block with the companies unable to

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Banks: Widen TDS window

High-value term deposits in banks may not be subjected to tax deducted at source (TDS) if the finance ministry agrees to proposals made by banks on Thursday. In a pre-budget meeting with Finance

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Mukherjee calls for united efforts to meet current challenges of economy
Finance Minister Pranab Mukherjee on Thursday called for united efforts to address the current challenges of the economy.

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Damage by cyclone Thane to lower general insurers' profits
Insurance claims after Cyclone Thane crossed Cuddalore on the Tamil Nadu coast last week leaving a trail of death and destruction could bring down profits of general insurers this fiscal, say industry officials.

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Tendulkar buys Rs 100-crore cover for his 'dream' house

Having moved into his "dream house", ace cricketer Sachin Tendulkar has now secured his five-story Bandra residence with a staggering Rs 100 crore insurance cover, one of the biggest insurance

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