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Fashion house Dolce & Gabbana has launched a new alcohol-free perfume for dogs called ‘Fefé’ in honor of Domenico Dolce’s poodle, but not all vets and pet owners agree it’s safe or appropriate

TDP) and Jana Sena Party — have demanded a rollback of the goods and services tax (GST) levied on health and life insurance and handlooms. The demand was raised by BJP's two allies during the discussion in the Lok Sabha on the Budget. Speaking on the budget, TDP's Narasaraopet MP, Lavu Srikrishna Devarayalu, demanded that long-term capital gains tax be reduced and indexation be brought back. «A lot of members have raised a point with regard to the reduction in long-term capital gains tax from 20% to 12%. They also mentioned about indexation… There is also a lot of talk outside. So, I hope the finance minister will look into it. There should be a relook at indexation because middle-class people think that real estate is one thing that they can safely invest in. We feel that it should be protected» Devarayalu also made a strong case for the rollback of GST on health and life insurance. «There is 18% GST on health insurance policies. „If 75% people have life insurance, only 25% of them will have health or medical insurance. These are uneven numbers. It should be the opposite way. More people should have health or medical insurance and less people should have life insurance or the number should be equal, at least. But somehow it is skewed in one direction. It can be addressed only if GST is reduced so that more people can have access to health insurance,“ said Devarayalu.

Pixel Update bulletin for August, the security patch includes fixes for 11 vulnerabilities as of the August 1 release and an additional 35 issues addressed in the August 5 update. Notably, this patch resolves problems that could allow unauthorized privilege escalation without requiring extra execution rights.

(Bloomberg) -- Billionaire Gautam Adani’s flagship firm is considering raising around 100 billion rupees ($1.2 billion) to 120 billion rupees through a share sale, according to people familiar with the matter, a move that would follow a separate recent fundraising deal at his power transmission unit. Adani Enterprises Ltd. may seek to raise funds through a so-called qualified institutional placement, or QIP, the people said, asking not to be identified because the matter is private.

The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”

Authorities in Nepal all five people on board a helicopter were killed when it crashed in the mountains just north of the capital

GST of 18% on life or health insurance policies pinches policyholders and discourages citizens from taking a new or higher insurance cover. The pain of policyholders gets amplified as insurance is a product where most beneficiaries will get the benefit only when they face an eventuality like death or hospitalisation. What this means is that in some cases, they would pay the premium and high tax but not get the benefit. While the insurance industry has been raising its voice against this, the issue of 18% goods and services tax (GST) on life and health insurance premiums has again come to the forefront now. The political parties of the INDIA bloc have recently protested the high tax outside the Parliament building and demanded that the central government withdraw this GST. At least one person in the government has also aired similar views. A few days ago, Union Minister of Road Transport and Highways Nitin Gadkari wrote to Finance Minister Nirmala Sitharaman urging her to roll back the 18% GST on such financial products. After Gadkari's letter, West Bengal Chief Minister Mamata Banerjee has also urged Sitharaman to remove GST on insurance premiums. So will the central government remove the 18% GST and bring down your life and health insurance premium? As the Centre looks into the issue, let us understand why everyone wants the government to remove GST from insurance premiums and how it can lower your insurance premiums.

₹1.5 lakh per house for the economically weaker section (EWS) category. Currently, people with an annual income of ₹6-12 lakh are considered to be in the MIG-1 category and those with ₹12-18 lakh annual income are under MIG-2 category, under the housing scheme.

While the advice and financial industry girds itself for a $90 trillion Great Wealth Transfer, only a minority of Americans expect to leave a financial gift for their descendants, suggests new research from Northwestern Mutual.

government has asked state-run banks to assist their regional rural arms in upgrading their technology and onboarding them to the National Payment Corporation of India's (NPCI) BASE platform that facilitates the direct benefit transfer (DBT) program. Last week, several cooperative banks and regional rural banks (RRBs) were affected by a ransomware on one of the technology service providers, C-Edge Technologies. «Sponsor banks have been asked to help their RRBs with technology upgrades, which will improve their performance in areas related to credit disbursement, NPA management and cybersecurity,» said a government official, adding that Nabard will be closely monitoring this initiative.

Farmers' Welfare and Rural Development, Shivraj Singh Chouhan, announced that under Pradhan Mantri Fasal Bima Yojana (PMFBY), a penalty of 12 per cent will be imposed on insurance companies if the claimed payment gets delayed, which will be directly deposited into the farmers' accounts. According to a press release by the Ministry of Agriculture and Farmers Welfare, he identified state government delays in releasing premium amounts as the primary cause of payment delays and urged prompt action. The central government will release its share immediately to prevent further delays, with payments being made directly to farmers' accounts from the Kharif season onward. Chouhan attributed the bulk of payment delays to issues such as delayed release of premium amounts by state governments and disputes between insurers and state authorities.

Shapoorji Pallonji group will provide security cover of six times the loan value it will obtain from Power Finance Corporation, the company said in a press statement on Tuesday. “We are fortunate to work with PFC over the last 9 months to craft a unique proposal, that has a twin security structure leveraging the strength of the SP group’s large real estate franchise, as well as a portion of the Tata Son’s shares owned by the Mistry family”, said Venkatesh Gopalakrishnan, director, group promoters office, Shapoorji Pallonji.

₹40,000 on the best electronic items. This highly anticipated event, running from August 6 to 11, presents an exceptional opportunity to grab top-of-the-line electronics at unbeatable prices.

Tax Intelligence (DGGI) has sent showcause notices to 10 foreign airlines operating in the country, for alleged non-payment of tax amounting to ₹10,000 crore, officials said. They include British Airways, Lufthansa, Oman Air, Emirates and Singapore Airlines, they said. The notices, sent over the past three days, deal with unpaid tax dues on the import of services by Indian branches from head offices, officials said. Airlines are not covered by a June 26 circular on valuation of supply of import of services by a related person, where the recipient is eligible for full input tax credit, an official said. DGGI sought segregated list This is the circular cited by Infosys following a recent integrated GST demand amounting to Rs 32,000 crore.

Kaiju No. 8 Season 2 is set to release in 2025. This news came from a teaser during Kaiju Day 2024. Here is everything we know about the upcoming season.

Amazon India is also offering a variety of financing options to make purchases more affordable. Customers can benefit from up to 24 months of no-cost EMI, exchange offers worth up to ₹50,000, and coupon offers valued at up to ₹5,000. These options make it easier for shoppers to spread the cost of their purchases over a period of time without incurring additional interest.For those in need of mobile accessories, the festival has some fantastic deals.

evacuated from Kedarnath Dham, according to news reports.

Unny Radhakrishnan and Bindhu Unny's journey from the brink of bankruptcy to financial stability is a tale of resilience and reinvention. In the late '90s, they were idealistic young professionals driven by a passion for social impact, only to end up being financially broke.

stress in unsecured retail, micro finance and some rural advances as seasonal impact of the heatwave, election season slowdown and higher risk weights led to increase in slippages during the first quarter. However, analysts do not expect asset quality to be a challenge yet. Instead, most observers believe that Indian lenders will have to contend with falling margins and slow deposit growth this year. Data from the results of 40 listed banks analysed by ET showed that though net profit increased a healthy 21%, margins continued to be weak and deposit growth still lagged credit demand. There was a notable increase in stress in some micro finance and personal loan accounts. State Bank of India's fresh slippages increased to ₹7,903 crore in June 2024 from ₹7,659 crore a year ago and was double the ₹3,867 crore reported in March 2024 mainly as ₹3,000 crore of loans to individuals slipped during the quarter and was the largest chunk of fresh slippages, followed by ₹2,500 crore of agriculture loans. Chairman Dinesh Khara attributed the slippages to some delay in salaries by some state governments during the quarter.

government is all set to bring a Bill in Parliament to amend the 1995 law governing Waqf boards to ensure more accountability and transparency in their functioning and mandatory inclusion of women in these bodies, sources said. They claimed that the move comes in the backdrop of demands from within the Muslim community. The Bill to amend the Wakf Act, 1995, will make it mandatory for Waqf boards to register their properties with district collectors to ensure their actual valuation. There are 30 Waqf boards in the country. The sources on Sunday pointed out that the revenue generated by all Waqf properties is estimated at Rs 200 crore per annum. This is not in sync with the number of properties such bodies have, they said.

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