Bid to offer extra tax sop on insurance

The finance ministry is planning to offer tax relief of up to Rs 50,000 on savings in pension and insurance products over and above the exemption of Rs 1 lakh under Section 80C of the income tax act. The National Pension Scheme (NPS) and products approved by the Insurance Regulatory and Development Authority are likely to be made eligible for the new benefits.

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Insurance :Odisha scribes to get pension, health insurance

National Journalist Welfare Board for the first time has made provisions of pension for journalists above 65 years and health insurance for all accredited journalists in Odisha. The pension for the year 2011 was given to senior scribes at a function marking observation of the National Press Day here.

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