The fear of a commodity transaction tax (CTT) is haunting derivative traders once again, prompting the consumer affairs ministry to take up their cause http://www.business-standard.com/india/news/ctt-concerns-haunt-commodity-traders/463367/ .
Though the JP Morgan Asset Management India and ValueNotes’ quarterly Investment Confidence Index has remained almost flat between July and December 2011, the investment sentiment of investors with smaller wallet sizes (Rs 2-5 lakh) has fallen the most. It, however, has improved among HNIs, said the survey. Significantly confidence among young investors – aged 22 […]
The Securities and Exchange Board of India (SEBI) on Saturday decided to hike the minimum investment limit in the portfolio management scheme (PMS) to Rs 25 lakh per client from the current Rs 5 lakh. This may result in portfolio management services soon going out of the reach of many retail investors. http://www.thehindubusinessline.com/markets/stock-markets/article2839974.ece
The finance ministry has formed four committees to take stock of insurance business in the country with representation from insurance companies, industry bodies, rating agencies and finance ministry officials. The panels that will prepare a ‘roadmap’ for the insurance industry in India do not have any representation from India’s insurance regulator, three people involved in […]
Single premium product, which has caught the fancy of the life insurance industry after the change in regulations around unit-linked insurance products, may be in for some reform. “We need to think about the need of insurance as long-term business. Focus had shifted to three-pay or four-pay products and, even worse, to single-pay products. Industry […]
Investing in sovereign bonds, which are debt instruments issued by the government, has long been the exclusive domain of corporates and financial institutions, apart from a few ultra high net worth individuals (UHNIs. Now, the common man has been provided the opportunity to transact seamlessly in the G-sec market. All you need is access to […]
The Bombay Stock Exchange (BSE) is set to launch the third and final phase its market-making scheme in February. This is after the exchange tasted success with the first two phases, as average daily equity derivative volumes recorded a sharp jump from nil to Rs 3,000 crore, in nearly four months. http://www.business-standard.com/india/news/bse-to-launch-third-phasemarket-making-scheme/463178/ .
The deregulation of interest rates on savings bank (SB) account seems to be encouraging banks to offer value added services to customers. Some banks are increasingly exploring the possibility of providing insurance cover on liabilities products such as SB account and fixed deposits instead of offering higher interest rates http://www.thehindubusinessline.com/industry-and-economy/banking/article2834604.ece .
State-run Housing and Urban Development Corporation (HUDCO) today said its public issue of tax-free bonds will hit the market on January 27 with a target of raising up to Rs 4,685 crore. “HUDCO is issuing tax-free bonds with a face value of Rs 1,000 each… aggregating Rs 2,000 crore with an option to retain over-subscription […]
To give a leg-up to the National Pension Scheme, the regulator for pension funds has changed the incentive mechanism for distributors by fixing it at 0.25 per cent of the contribution made by subscribers, subject to a ceiling of Rs 25,000. At present, the distributors are allowed to charge only Rs 20 every time a […]
