Predicting the future is always hazardous and subject to the risk of errors, more so when it comes to what changes to expect in our tax laws. Most people may think that at least this year, the expectations would be clear as the direct taxes code (DTC) would come into effect from April. However, given […]
Unlike your investment plans, you don’t have to look for predictions or make alterations to your insurance covers in the New Year. Most fundamentals remain the same: you must have a life cover (preferably term cover) if you have financial dependents; you also must have a health cover for yourself and your family. Sure, there […]
Insurance regulator IRDA today introduced uniform asset-liability management norms for market players to ensure their solvency and asked firms to undertake stress tests to ascertain their ability to meet financial obligations in the event of a crisis. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-issues-uniform-norms-to-ensure-solvency-of-insurance-companies/articleshow/11366394.cms .
The Union government on Wednesday said interest rates on post office savings schemes, except the Public Provident Fund (PPF), would remain fixed throughout the term of the scheme. It clarified that interest rate for such small savings will be declared on April 1 every year and would remain valid till the maturity of the scheme. […]
CDSL Ventures Ltd (CVL), a fully-owned subsidiary of the Bombay Stock Exchange (BSE)-promoted Central Depository Services, on Wednesday become the first KYC Registration Agency (KRA) in the country. The market regulator has made the KRA system mandatory for all client accounts opened from January 1. http://www.business-standard.com/india/news/cdsl-ventures-starts-first-kra-agency/460768/ .
If you plan to buy a pension plan as a part of your tax-saving exercise, you need to wait. The reason is simple: there are just no pension plans available in the market. This strange situation is the result of two developments: one, the insurance regulator has not approved any new pension products since November, […]
The government’s plan to tap into India’s vast postal system to reach out to the unbanked population by utilising offices across the country as banks is expected to take some shape this year as the proposal has been sent to the finance ministry for its nod. The idea that 1.55 lakh post offices could double […]
The Finance Ministry is working on savings banks account number portability, which will allow a customer to retain his account number while changing his bank. “We want to do it (savings a/c number portability). Right now there are some technical problems…we have identified them. We will overcome them soon,” Financial Services Secretary D K Mittal […]
