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Simplify term life insurance claims for your family while you're away - (A)

Term life insurance is a crucial step in ensuring the financial well-being of your family members when they can’t trust you. If the worst were to happen, it would be an emotionally frightening time for his family. However, the complaint procedure should be started as soon as possible. It is true that the claim process …

HDFC Investment Fund applies for India's first defense-oriented investment fund - (A)

HDFC Mutual Fund, the third largest asset manager in the country, has submitted a defense fund application which will be the first such fund in the mutual fund industry at Rs 37 lakh crore. The HDFC Defense Fund will be a sectoral fund that will invest in companies involved in the defense sector. HDFC Mutual …

LIC has over Rs 21,000 crore in unclaimed funds - (A)

Around Rs, 21,539 crore in unclaimed amount was in Life Insurance Corporation of India (LIC) at the end of September 2021, according to draft registration documents filed on Sunday. In FY21, the unclaimed amount was Rs 18,495.32 crore as compared to Rs 16,052.65 crore in FY 2020. In FY 2019, this amount was Rs 13,843, …

Fertilizer subsidies to hit record Rs 1.65 crore in FY23 - report - (A)

Fertilizer subsidies are expected to hit an all-time high of Rs 1.65 crore this fiscal year against the budget estimate of Rs 1.05 crore due to an unprecedented rise in the cost of raw materials and fertilizers in the world, according to a report. India’s fertilizer subsidies are expected to reach a record Rs 1,650 …

Prime Minister Modi spoke about VAT collected by states on fuel, but did not mention central government excise taxes - Ashok Gehlot - (A)

When Prime Minister Narendra Modi reported on rising fuel prices in many opposition-ruled states, including Rajasthan, Chief Minister Ashok Gehlot said on Wednesday that the prime minister “accidentally mentioned Jaipur instead of saying Bhopal” as gasoline and diesel cost more in BJP. ruled Madhya Pradesh. The Congress leader also said that the Rajasthan government has …

GST offset paid to states over 8 months, Rs. 78,704 crores outstanding - Finance Department - (A)

The Finance Department said on Wednesday that the center has already released eight months of GST allocation to states for the fiscal year ending March 2022 and that there are Rs 78,704 crore outstanding due to insufficient funds in the fund. In a statement, the ministry said that normally GST compensation is released for 10 …

High oil prices driving inflation in India, monetary tightening needed - IMF - (A)

Rising oil prices due to the war in Ukraine have pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses to improve growth potential, a senior IMF official said. The country’s economy is expected to grow 8.2% in 2022-23, down 0.8 percentage points, said Anne-Marie Gulde-Wolf, acting director of the …

PMGKAY - is the expansion of the free grain program a fiscal constraint or a welfare decision - (A)

The union cabinet approved on March 26 a six-month extension (of 1 in addition to his normal quota of food grains under the National Food Safety Act (NFSA)) to Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY). The PDG press release further stated that the government will spend Rs 80,000 crore on 24.4 million tonnes (t) …

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