LIC of India was incorporated on 1st September 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956. LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959, and Insurance Regulatory and Development Authority Act 1999. As on 31st March, 2016, LIC has 8 Zonal Offices, 113…
Crypto currency is digital foreign money that has an equal purpose as physical foreign money, that is to act as a medium of exchange. So, humans can use crypto currency to pay for goods and services, but it is more generally called a speculative sort of funding asset. Additionally referred to as “crypto,” cryptocurrency uses…
Crypto Tax: Budget 2022 plans to introduce a special tax on virtual assets including crypto currencies and NFTs. What it means for crypto currency investors and when it will be applicable, know details Finance minister Normal Cithara in Union Budget 2022 announced that India will levy a steep tax at a flat rate of 30…
Budget 2022 India, FM Nirmala Sitharaman Speech Live Updates: Speaking at a press conference after presenting the Union Budget, Finance Minister Nirmala Sitharaman said a conscious decision was taken not to increase taxes because of the hardship that people have been facing due to the pandemic. Budget 2022 Updates: Hailing the 2022 Union Budget as…
NEW DELHI: Tata Tele services on Tuesday canceled the plan to convert its statutory debt to equity in the name of the government. The company last month said it planned to allocate 9.5 percent of the total outstanding shares of the company to the government. The company said it communicated its plan to the Department…
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