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ING Life, Suvidhaa to roll out over 700 renewal collection outlets in Guj
ING Vysya Life Insurance Company Limited (ING Life), part of the ING Group, a financial services company, today announced its tie-up with Mumbai-based Suvidhaa Infoserve, a company pioneering in service commerce (s-commerce), to collect insurance policy renewal payments for its customers. Customers of ING Life can now pay their policy renewal premium at over 7,000 Suvidhaa outlets across 300 cities in India, including over 700 outlets in Gujarat.

Options limited for Madhya Pradesh
Will Madhya Pradesh be isolated on goods and service tax (GST) issue? If highly placed government sources, working the new tax system, are to be believed, the state government will have to follow the trend. “Eventually the state will have to implement the system, we cannot linger on. Other states like Chhattisgarh have also agreed to implement it, Gujarat government has welcomed it, Haryana has accepted it ‘in principle’ except for few points. How Madhya Pradesh can stand out?” asked an official. But the state finance minister has a long list to point out flaws in the new tax system, the main being, “The GST will bring even dal-chawal (rice and pulses) under tax net, which are exempted from VAT.”

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Subir Roy: An affordable ride
Subir Roy / New Delhi November 27, 2009, 0:31 IST
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SFIO to probe Sesa Goa accounts

The Serious Fraud Investigation Office (SFIO) has initiated an inquiry into Vedanta group company Sesa Goa. The scope includes verifying the past eight years’ financials, said a government official. “The investigation period also includes the time after Vedanta acquired Sesa Goa in April 2007. The movement of the share prices will be checked as part of the investigation,” said the official. - SFIO probes into Sesa Goa for financial irregularities - Sesa Goa gets govt letter ordering probe - Govt forms committee to expedite Satyam probe - SFIO will be able to seize papers, interrogate: Govt - SFIO to be armed with additional powers - SFIO concludes year-old Elder Pharma probe When asked, Sesa Goa Managing Director P K Mukherjee said: “We are not aware of any such order and can comment only once we receive any information in this regard.”


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