Pension Funds’ Total Corpus Surpasses Rs 11 Lakh Crore: PFRDA
The Pension Fund Regulatory and Development Authority (PFRDA) has announced that the total corpus under the National Pension System (NPS) and Atal Pension Yojana (APY) has crossed Rs 11 lakh crore as of January 10, 2024. This is a significant achievement for the pension sector in India, which aims to provide social security and retirement […]
LIC’s Jeevan Dhara II: A New Era of Deferred Annuity Plans
The Life Insurance Corporation of India (LIC) has launched a new individual, savings, deferred annuity plan called Jeevan Dhara II. The plan was unveiled by LIC Chairperson Siddhartha Mohanty on January 19, 2024, and will be available for sale from January 22, 2024. The plan offers a range of benefits and features to suit the […]
Shri Sarbananda Sonowal: Laying the Foundation for Homoeopathy Research in Guwahati
A New Campus for the Regional Research Institute for Homoeopathy Union Ayush Minister Shri Sarbananda Sonowal will lay the foundation stone of the permanent campus of the Regional Research Institute for Homoeopathy and Integrated Ayush Wellness Centre at Azara, Guwahati on 12th January 2024. A total amount of Rs. 53.89 cr has been sanctioned for […]
IT Demand Notices Worth Rs 3,529 Crore Received by LIC
Introduction Life Insurance Corporation of India (LIC), the largest insurance company in the country, has received two demand notices from the Income Tax authorities in Mumbai, amounting to Rs 3,529 crore. The notices pertain to the assessment years 2018-19 and 2019-20, and are based on the disallowance of certain expenses claimed by LIC. LIC’s response […]