"The industry is using all of its resources to manage these claims. Many insurers are setting up mass assessment centres to process a large number of motor vehicle claims, and assessors are already active in the city looking at damage to property." … [Read more...] about Canberra hail storm leaves NRMA customers wondering when their cars will be towed and repaired
Locksmiths who make car keys
External Link: @realDonaldTrump: After having been treated unbelievably unfairly in the House, and then having to endure hour after hour of lies, fraud & deception by Shifty Schiff, Cryin’ Chuck Schumer & their crew, looks like my lawyers will be forced to start on Saturday, which is called Death Valley in T.V. … [Read more...] about Donald Trump impeachment: Key takeaways from day four
By Tarun Chugh India has grown leaps and bounds in terms of broadening the ambit of financial inclusion. From just 40 per cent adults having bank accounts in 2011 to almost 80 per cent in 2017, we have come a long way in terms of providing access to the financial system to our citizens. Now that almost every household has a bank account, it’s time to deepen the financial inclusiveness. Even as the insurance industry is carving out its space by leveraging digital technologies and last-mile partnerships to deepen insurance penetration from the current levels of just 4 per cent of the GDP, a lot more is possible with the right incentives from the government. The overall market size is expected to be $280 billion by the end of 2020 with immense growth potential. The upcoming Budget provides a good opportunity for the government to realign taxes and other financial incentives such as deductions with the growth in disposable incomes as well as the rising middle-class population, … [Read more...] about Budget: Life insurance industry expects govt to make annuities tax free, widen section 80C
By Sudhir Kaushik of Taxspanner If the net taxable income after all deductions does not exceed Rs 5 lakh, the taxpayer won’t have to pay any tax. Find out if you are eligible for any of these tax deductions to lower your income below the threshold. 1. Savings account interest Sec 80TTA Up to Rs 10,000 interest earned on a savings bank account balance is exempt from tax. 2. Medical insurance Sec 80D Up to Rs 25,000 premium for medical insurance of self and family and Rs 25,000 for parents (Rs 50,000 if they are senior citizens). 3. Education loan Sec 80E Interest paid on education loan for self or dependant. Deduction can be claimed for a maximum of eight financial years. 4. House rent without HRA Sec 80GG If taxpayer doesn’t get HRA, he can claim lowest of the following three: Rs 5,000 a month, 25% of income or rent paid minus 10% of income. Also read: Find out how much you need to invest to save tax 5. Donations Sec 80G Donations to eligible organisations … [Read more...] about Can these deductions make you tax free?
Kolkata: Reserve Bank of India (RBI) Governor Shaktikanta Das has set broader financial stability as the central bank's immediate policy-making priority amid concerns over the failure of some non-bank lenders and weaknesses of banks, expanding the remit of balancing growth and inflation. “The regulation and supervision of banks and non-bank financial intermediaries has rested with the Reserve Bank and has kept pace with the prescribed global norms over time. More recently, the focus of financial stability has not only confined to regulation and supervision but also extending the reach of formal financial system to the unbanked and unserved population,” Das said in a speech. He said that the focus on price stability as the sole objective of monetary policy has been questioned after the global financial crisis, underscoring the need for adopting a flexible inflation target to achieve macro-financial stability. “In this milieu, financial stability has emerged as … [Read more...] about Governor Shaktikanta Das sets broader financial stability as the central bank’s immediate policy-making priority