Minister assures stable fiscal policy By CHEN JIA | CHINA DAILY | Updated: 2021-03-06 07:36 Share CLOSE Minister of Finance Liu Kun addresses reporters queries via video link after the opening meeting of the fourth session of the 13th National People s Congress in Beijing on Friday. [Photo by Kuang Linhua/China Daily]
The people-centered fiscal policy will remain basically stable, without any sharp shifts, Finance Minister Liu Kun said during a news conference on Friday.
Unlike last year, the fiscal deficit-to-GDP ratio and the local government special bond quota targets will decline, but still be higher than the level in 2019, he said.
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(Reuters) - British motor insurer Admiral said on Thursday an expected rise in claims when lockdowns ease and people start driving more would increase its loss ratio this year, with the warning eclipsing a 20% jump in 2020 earnings.
Motor insurers have been a bright spot for the insurance sector, which is facing billions of dollars in pandemic-linked claims, including for business interruptions and event cancellations.
Admiral s pre-tax profit surged to 608.2 million pounds for the year ended Dec. 31 as it settled fewer claims for accidents and car repairs, with coronavirus restrictions keeping people at home and off the roads.
GROUPE SEB: SEB S.A.: Adjustment of the Exchange Ratio and the Threshold Amounts of the Distributed Dividend per Share of the Bonds Redeemable in Cash and/or in Existing Shares (ORNAE)
Regulatory News:
Following the free allocation of shares on March 3, 2021, decided by the Board of Directors of SEB S.A. (Paris:SK) held on February 23, 2021, making use of the authorization it has been given by the Combined Annual Shareholders General Meeting of May 19, 2020 under the 19
th resolution, the Exchange Ratio and the Threshold Amounts of the Distributed Dividend per Share of the Bonds Redeemable in Cash and/or in Existing Shares (ORNAE) due November 2021 (ISIN code FR0013218807) are adjusted.
National
March 2, 2021
ISLAMABAD: The World Bank has pointed out that Pakistan’s tax to GDP ratio dropped to below average during the last two fiscal years. Furthermore, the overdependence on withholding taxes is also bad because it converted into another kind of Sales Tax.
This emerged during a webinar organized by the Pakistan Development Policy Series 2021 in collaboration with the World Bank on Monday. World Bank’s Senior Economist Sebastian James, WB’s Country Director in Pakistan Najy Benhassine and SAPM on Revenues Dr. Waqar Masood, besides others participated
At this point, Special Assistant to Prime Minister on Revenues Dr. Waqar Masood said that the government would abolish 40 withholding taxes, bringing them down from 65 to 25 taxes, starting from upcoming budget for 2021-22. “There is a need to broaden the narrow tax base instead of burdening the existing ones. It’s our serious concern that the average tax collection in Pakistan has dropped in the last fisc