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Insurers want exemption limit raised to Rs 1.5 lakh
Life insurers are pitching for increased exemption on investments in long-term policies. They have asked the government to consider raising the exemption limit to around Rs 1.5 lakh from Rs 1 lakh at present.

FDCI announces Van Heusen Men's week
Men’s fashion will no longer be the neglected child of the Indian fashion world. While women’s fashion has almost two events every year, men’s fashion shows are showcased on the periphery. All this will soon change with the announcement of the Van Heusen Men’s Week by Fashion Design Council of India (FDCI) in September this year.

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Sugar prices set to firm up further in retail market
With sugar mills facing cane shortage, prices of sugar are likely to firm up further in the retail market.
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Stick to the point

Finance Minister Pranab Mukherjee is known to stick to the subject at hand and not get into long discussions. So, when CPI leader Gurudas Dasgupta raised a calling attention motion on the merger of banks and started making several ideological points, this made Mukherjee testy. - Cut time for making DPRs for infra schemes: Pranab - Govt not forcing bank consolidation, says Pranab - Govt to support public sector banks to merge - IIFCL moots dynamic structuring - Govt mulls tax treaty review with 76 nations - PM clears air over 3G auction; bidding shortly The finance minister got up to tell the House, “This is not the occasion to go into the history, philosophy and all other aspects of banking. If the member desires, we can have a separate discussion later.” Congressmen say that when, in the past, Mukherjee was asked to oversee a change in chief ministers in Maharashtra, he went and met the state’s MLAs along with AK Antony. After he heard a few MLAs, he interrupted to say, “I have not come here to hear the history and geography of Maharashtra. Just tell me in ‘yes’ or ‘no’ whether you want a new chief minister.”


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