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What Happens When You Miss a Term Insurance Premium Payment?
Missing a term insurance premium doesn't immediately cancel coverage. A grace period allows for payment, and nominees can receive benefits if death occurs. Unpaid premiums after the grace period cause the policy to lapse, stopping life cover. Lapsed policies can be revived within five years, often requiring health checks.
RBI Pushes for Interoperability in Trade Receivables e-Discounting System
The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS). This initiative aims to prevent business concentration among a few entities, drawing parallels to early issues on the UPI platform. Industry discussions and a process note have been shared.
Flipkart Extends Zero-Commission Model to All Fashion Items
Flipkart has removed commission fees for all fashion items, regardless of price, to attract Gen Z consumers and expand its product offerings ahead of the festive season. This move builds on its existing zero-commission policy for products under Rs 1,000 and its Shopsy platform.
Amazon and Flipkart Sales Kick Off Mid-Year Sale Cycle with Mixed Results
Amazon's Prime Day and Flipkart's GOAT sales have launched the mid-year sale period with varied outcomes across product categories. These sales, running from July 4-6 and July 4-9 respectively, are seen as indicators for the crucial festive season ahead.
India Rises to 11th in FDI Recipient Rankings, Inflows Surge 44% to $39 Billion
India climbed to 11th globally as an FDI recipient in 2025, with inflows up 44% to $39 billion. The country is favored for electronics, auto, and manufacturing investments, driven by its scale, digital demand, and skills. Outflows also rose, narrowing net inflows.
India Asks US to Reconsider Tariffs on Products Over Forced Labour Allegations
India has urged the US Trade Representative (USTR) to reconsider imposing a 12.5% additional tariff on Indian products, citing forced labour allegations. India argues the proposed tariffs lack legal standards, country-specific analysis, and a clear link to US business impact.