e-Way bill to exhibit details of vehicle fitness, PUC, Insurance :

The e-Way bill, which currently gives only details of the value of goods being transported, may be packed with more data – for instance, on the vehicle’s fitness, insurance paid and pollution under control certification.

Based on a suggestion from an inter ministerial task force, the GST Council has asked the GSTN to work on this proposal in the belief that this will eliminate all check posts and any “undue harassment” by regional transport authorities, and facilitate smooth movement of commercial vehicles.

Hotel Leela defaults on LIC payment :

Cash strapped hospitality chain Hotel Leela venture has defaulted in payment of quarterly interest of Rs. 2.12 crore, which was due on September 19 to Life Insurance Corporation of India. Hotel Leela Venture, which currently has a debt of over Rs. 3,600 crore, had issued secured redeemable non-convertible debentures (NCDs) on private placement basis aggregating to Rs. 90 crore to LIC in December 2008.

The company has defaulted in payment of quarterly interest of Rs. 2.12 crore, which was due on September 19, 2018, Hotel Leela venture said in a regulatory filing. Hotel Leela Venture said its operating cash flows are not sufficient to service its term loans and NCDs and the funds of the company are escrowed with its lenders and are also monitored by the lenders.

Insurers can’t deny cover for HIV + patients, says IRDAI :

IRDAI has said that HIV positive individuals cannot be denied insurance cover, unless supported by actuarial studies. The regulator has asked insurers to stop discriminating against persons with HIV / AIDS.

High treatment cost spurs demand for higher coverage :

The steep rise in the cost of treatment and growing awareness have led to an increase in the average sum insured under retail health insurance policies. The average sum insured, which was typically between Rs. 2 – 3 lakhs till two to three years back, has increased to Rs. 5 – 10 lakh. There has also been an increase in the number of consumers buying retain health cover over and above the group policy offered by employers.