The Indian insurance industry is looking for remunerative tax incentives from the Union Budget 2013-14 to boost sales volumes and increase penetration of insurance into the market. While on one hand, life insurers are looking for separate deduction limits for long term insurance products, non-life insurers are hoping for special exemption categories for home and […]
The recently introduced Rajiv Gandhi Equity Savings Scheme ( RGESS) – named after a popular prime minister who was assassinated in 1991 – offers Indian investors earning less than Rs 1 million ($18,600) a year a 50 per cent tax break on stock investments of up to Rs 50,000. http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/india-courts-investors-to-boost-investment-in-local-markets/articleshow/17108169.cms
The recently introduced Rajiv Gandhi Equity Savings Scheme ( RGESS) – named after a popular prime minister who was assassinated in 1991 – offers Indian investors earning less than Rs 1 million ($18,600) a year a 50 per cent tax break on stock investments of up to Rs 50,000. http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/india-courts-investors-to-boost-investment-in-local-markets/articleshow/17108169.cms
Wall Street’s credit-derivatives traders, who before the financial crisis commanded $2 million of annual pay, are being replaced by machines as banks cut costs and heed new regulations. UBS, Switzerland’s biggest bank, fired its head of credit-default swaps index trading, David Gallers, last week, with no plan to fill the position, according to two people […]
The wealth of individuals in the country is expected to double to Rs 179 lakh crore in the next four years, according to a report by Karvy Wealth. http://www.financialexpress.com/news/individual-wealth-to-soar-to-rs-179l-cr/1028217/
Ending speculation that the Reserve Bank of India (RBI) may issue final guidelines for fresh banking licences without the amendment of the Banking Regulation Act, the central bank on Thursday said that neither the final norms nor the process for inviting application could be done without changing the law. http://www.business-standard.com/india/news/new-bank-licences-only-after-rbi-act-amendment/492136/
The Insurance Regulatory and Development Authority (IRDA) has asked health insurance companies to indicate premium to be paid by the policyholder in the first five yearswhile filing new products for its approval. However, the companies are free to increase the renewal premium based on medical inflation, cost of healthcare and its underwriting practice, say insurance […]
The mutual fund landscape in India is undergoing rapid changes. The industry watchdog, Securities and Exchange Board of India, has ushered in a whole new framework for this investment avenue primarily to help revive a flagging industry. While industry players scurry to deal with the revised guidelines, fund investors need to be aware of the […]
Investors have turned bullish on equities after big-bang reforms were announced by the government last month, as delivery-based volumes, buying shares and holding these for a certain period, touched an 11-month high http://www.business-standard.com/india/news/delivery-based-volumes-touch-11-month-high/489605/
Consumers can look forward to a series of changes and not just the advent of new companies and insurance options if the reforms package approved by the Cabinet on Thursday gets a green signal from Parliament. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/fdi-in-insurance-health-insurance-business-to-get-a-fillip-new-players-boon-for-consumers/articleshow/16681151.cms
