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ISRO GSLV Mission to Launch INSAT-3DS Weather Satellite The Indian Space Research Organization (ISRO) is set to launch the advanced INSAT-3DS meteorological observation satellite on 17th February 2023 from Satish Dhawan Space Centre, Sriharikota using a Geosynchronous Satellite Launch Vehicle (GSLV) rocket. The mission aims to place INSAT 3DS at into a geo synchronous transfer orbit.   About INSAT-3DS INSAT-3Ds satellite is a follow-on mission of Third Generation Meteorological satellite from Geo stationary orbit. It is the latest satellite in India’s advanced INSAT-3D series designed for weather monitoring, forecasting and disaster warnings from geostationary orbit. It carries optical imaging and atmospheric sounding payloads providing meteorological data to aid weather predictions.   GSLV Rocket Launch Vehicle The rocket chosen to carry the 2,268 kg INSAT-3DS to geosynchronous transfer orbit is ISRO’s heavy-lift GSLV Mk II variant that has Cryogenic Upper Stage with indigeno...

TAX CHANGE : Interest earned on contributions to the Provident Fund beyond Rs.2.5 lakh in a year are now taxable   HOW TO GET AROUND IT : Restrict contributions to Rs.2.5 lakh a year. If you need to invest more, open a PPF account, if you don’t already have one, or else, go for debt funds to defer tax.   TAX CHANGE : LTCG beyond Rs.1 lakh from stocks and equity-oriented mutual funds are taxed at 10%.   HOW TO GET AROUND IT : Harvest gains of up to Rs.1 lakh every year by booking profits, and then buying back the same stocks or mutual funds.   TAX CHANGE : Maturity proceeds of Ulips are taxable if the combined premium of policies bought after 1 Feb 2021 exceeds Rs.2.5 lakh.   HOW TO GET AROUND IT : Restrict investments in Ulips to Rs.2.5 lakh in a year. If you need to invest more, go for the NPS, which can help you save more tax.   Also read : Are you saving enough for retirement? How to overcome the hurdles that prevent you from investing for this crucial g...

AYUSH (Ayurveda, Yoga, Unani, Siddha and Homeopathy) therapies have become a well-established field of medicine in recent decades, owing to their increasing popularity. However, in India not many health insurance companies provide cover for AYUSH treatments. To fix this, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to amend all existing policies and make AYUSH treatment coverage to be at par with other treatments.   “Considering the growing demand for AYUSH treatments, there is a need to consider these treatments at par with other treatments,” stated IRDAI in a circular dated January 31, 2024.   What is AYUSH treatment According to the General Insurance website, “AYUSH stands for Ayurveda, Yoga, Unani, Siddha and Homeopathy. Under the AYUSH the person can get cover for any of these treatments which are the alternates of allopathic sciences. AYUSH is the part of the government and for its development, AYUSH ministry was formed. It was f...