TV prices set to rise again as govt considering customs duty hike on open-cell panels
The government wants to incentivise local manufacturing by increasing customs duty. The plan is to increase the duty by up to 12 percent in three years from the current 5 percent. In Sept 2019, the CBIC had said there will be no hike in cutoms duty if manufacturers develop domestic capacity
LIC sees Rs 3.76 lakh crore additions in equity holding value in FY21
The country’s largest insurer saw its equity holding value rise to Rs 7.69 lakh crore in FY21 as against Rs 3.93 lakh crore a year ago, representing a whopping 96 percent year-on-year growth
COVID-19: Here’s a primer on getting insurance claims settled on time
Keep a list of documents and medical bills ready for quick claims settlement. If your insurer has a tie-up with a local hospital, opt for it.
Up to Rs 1 crore a month — this is how much insurers could save by hot desking, hybrid offices
Giving up office space by sending some teams to work-from-home settings while retaining others through hot desking options is being explored to cut costs.
Exclusive | COVID-19 second wave: Amid tussle between hospitals and insurers, 171,000 claims await settlement
The delays in clearing claims are primarily because of disagreements between hospitals and insurance companies over the claim amount and charges imposed. As of April 28, there were 1.1 million Covid-19 health claims worth Rs 15,568 crore filed with insurers. Of these, 930,729 claims worth Rs 8,918.57 crore have been settled.
No child left behind: Come 2023, schools will no longer rank students merely on marks scored in exams
The Education Ministry wants schools to promote multi-disciplinary education by having a 50-50 balance of academics with other activities such as sports, literature, martial arts, music and dance. Students will be assessed on aspects such as their participation in extra-curricular activities, inter-school competitions, sporting prowess and basic etiquette. Classroom interactions will also be closely monitored.
General insurers seek higher rate for third-party motor insurance as losses mount
Insurers say their viability is at stake as losses are mounting, and the regulator did not increase third-party insurance rates in FY21, but transporters are opposing the move saying higher premium will amplify their stress
COVID-19 claims: Insurers look to redraft service-level agreements with hospitals
Many hospitals are not ready to settle cashless claims despite agreements with insurers. Facing the heat from the finance ministry and the regulator, insurers are looking to tweak these agreements and remove errant hospitals from the network.
Semiconductor shortage may choke laptop supply ahead of new academic session
Laptops could be in short supply in India because of the scarcity of semiconductor chips made in China. The shortage comes during the peak-demand period of March-June, which accounts for 40 percent of sales in India
How to not be a 'Covidiot' employer during a raging pandemic
Employees are engaging in extremely callous behaviour, ranging from hiding COVID-19 positive data of colleagues from close contacts in the office to forcing staff to work despite being infected.
Covid-19 second wave: Job losses, pay cuts back to haunt restaurants
The second wave of Covid-19 has hit the restaurant industry hard since lockdown-like restrictions have led to eateries only being allowed to offer home-delivery and takeout services.
Board exam cancelled for Class X: Tougher entry conditions likely for Class XI admission
Students are worried that in the absence of board exam scores, there would be no objective criterion to evaluate them, which creates a lot of uncertainty about their future.
Post COVID-19 troubles: Recovered people find higher exclusions, rise in insurance denials
Insurance companies, facing almost 10 lakh COVID-19 claims worth Rs 14,000 crore, are either denying new policies to people who recover from the disease, or inserting harsh clauses, fearing big claims in the future, but vaccination is likely to restore normalcy even though the premium may be high.
Jabs for all: Students planning to go abroad for education feel left out
Many universities in the US are planning to make vaccination compulsory to be able to attend physical classes in 2021. For Indian students, this is an added concern.
Covid-19 second wave: Offline coaching classes feel the heat
Several coaching classes offering tutoring for board exams and competitive tests have not been able to pivot to online modules. With fresh curbs restricting movement across India due to Covid-19, these coaching-centre owners are a worried lot
COVID-19 second wave: Students giving board exams face their worst ordeal in 2021
For Indian students giving their Class X and Class XII board examinations in 2021, there is a constant fear of exams being postponed and results being delayed due to the second wave of COVID-19.
Explained: What the PFRDA Amendment Bill means for pension subscribers
The Pension Fund Regulatory and Development Authority (PFRDA) Amendment Bill looks to separate the NPS Trust from PFRDA. This is to ensure that there is no conflict of interest. It also seeks to establish a Pension Trust for employees of private sector companies.
Restrictions may impact sales in short-term, pent-up demand will release soon after: Godrej's Kamal Nandi
Godrej Appliances is manufacturing medical refrigerators at its Shirwal facility in Satara, Maharashtra. However, other appliance production in the state is now temporarily suspended till April 30 due to state government restrictions.
Board exam 2021: CBSE cancels exams, but other boards have mixed reactions
State boards are undecided on the fresh schedule for Class X and Class XII exams, even though they are only a few weeks away. Maharashtra and Rajasthan are among the states that have decided to postpone the board exams. However, fresh dates are yet to be announced.
CBSE Board Exam 2021: COVID-19 delays heighten anxiety of students taking board exams
Students want a fixed schedule for the Class XII board exams to be announced soon. They are worried about missing admission deadlines of Indian foreign universities if results are delayed too much
Here is a checklist for companies on how not to interview female candidates
Prodding female candidates about their marital status, pregnancy during job interviews is becoming more common in India. But, this serves no real purpose to the job role.
White-goods makers seek cheap land parcels to expand manufacturing under PLI scheme
Appliance makers want real estate to be offered at subsidised rates so that they can set up new manufacturing facilities under the production-linked incentive scheme. The India business head of a global appliance maker told Moneycontrol that about 70 percent of the costs involved in setting up a manufacturing unit pertain to acquiring land
Explained: Here is how the standard fire insurance policies will work
Bharat Griha Raksha will cover homes, while Bharat Sookshma Udyam Suraksha and Bharat Laghu Udyam Suraksha will protect micro, small and medium enterprises
Usha finds surprise takers for its sewing machines—8-14 year-old kids
With an extended lockdown, young Indians want to explore the area of sewing and allied crafts. With this, sewing machine brands like Usha benefit.
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