One out of every four people do not think that life insurance is important, reveals an IRDA sponsored study, which also made a case for effective marketing to increase penetration. The study which was conducted by Delhi-based think-tank NCAER at the behest of insurance regulator IRDA, suggested that private sector and the government should work […]
One out of every four people do not think that life insurance is important, reveals an IRDA sponsored study, which also made a case for effective marketing to increase penetration. The study which was conducted by Delhi-based think-tank NCAER at the behest of insurance regulator IRDA, suggested that private sector and the government should work […]
The Indian insurance regulator Insurance Regulatory and Development Authority (Irda) expects the domestic insurance sector to suffer de-growth of at least 13-14 % during the current fiscal to March 2012, said Chairman J Hari Narayan. The life insurance sector saw a paradigm shift after September 2010 with new regulations, while the general insurance sector witnessed […]
The Indian insurance regulator Insurance Regulatory and Development Authority (Irda) expects the domestic insurance sector to suffer de-growth of at least 13-14 % during the current fiscal to March 2012, said Chairman J Hari Narayan. The life insurance sector saw a paradigm shift after September 2010 with new regulations, while the general insurance sector witnessed […]
Seven out of 10 Indian financial services firms do not regularly update the know-your-customer (KYC) details of their customers, says a KPMG survey on anti-money laundering. Regulations require data to be updated once in two years for every high- and medium-risk customer and once in five years for low-risk customers. http://www.thehindubusinessline.com/markets/article2875828.ece .
Seven out of 10 Indian financial services firms do not regularly update the know-your-customer (KYC) details of their customers, says a KPMG survey on anti-money laundering. Regulations require data to be updated once in two years for every high- and medium-risk customer and once in five years for low-risk customers. http://www.thehindubusinessline.com/markets/article2875828.ece .
A parliamentary panel is set to recommend sweeping changes in personal income tax slabs proposed in the Direct Taxes Code (DTC) Bill. A draft report prepared by Parliament’s standing committee on finance suggests increasing the income tax exemption limit to Rs 3 lakh a year against Rs 2 lakh proposed in the Bill http://www.business-standard.com/india/news/parliament-panel-moots-wider-slabs-for-personal-income-tax/464255/ .
Market regulator SEBI has decided to share with the Ministry of Corporate Affairs the names of over 500 companies, which have garnered money from investors in violation of its Collective Investment Scheme (CIS) rules. SEBI would also give the names of the directors of such entities to the MCA, so that necessary action can be […]
Market regulator SEBI has decided to share with the Ministry of Corporate Affairs the names of over 500 companies, which have garnered money from investors in violation of its Collective Investment Scheme (CIS) rules. SEBI would also give the names of the directors of such entities to the MCA, so that necessary action can be […]
“To increase awareness and investor education, Sebi has proposed a three-dimensional strategy going forward comprising of mass media campaign, coordinated approach with various regulators for financial literacy initiatives and a national strategy for financial education,” said Ananta Barua, executive director, Sebi, who is optimistic about Sebi’s future plans in these areas. Barua was speaking at […]
