With a host of companies across the world eyeing the Indian market, a large percentage of citizens in India consider that 2012 will be a better year for them financially than last year, according to a report by research firm Ipsos. http://www.financialexpress.com/news/89-indians-say-2012-will-better-ipsos/898145/ .
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are ready to launch trading in the small and medium enterprises (SME) segment and a formal announcement is round the corner, according to officials. However, market players believe key issues regarding market-making and other costs are yet to be addressed. http://www.business-standard.com/india/news/bse-nse-gearto-launch-sme-trading/461273/ .
Not the national capital’s Aurangzeb Road, home to real estate tycoon KP Singh. Not Bangalore’s Sarjapur Road, home to India’s software czar Azim Premji. India’s most affluent neighbourhoods are Faridabad’s sectors 14, 15, 16, 16A and 17 (average household income: Rs 22.96 lakh); Mumbai’s Walkeshwar (Rs 18.17 lakh); and Noida’s sectors 19 and 27 (Rs […]
Chartered accountants, lawyers and other professionals may have to shell out more money as state governments are contemplating raising the incidence of professional tax. The issue of raising the professional tax, currently capped at Rs 2,500 per annum, will come up for discussion at the meeting of the Empowered committee of state Finance Ministers on […]
Single-premium plan likely to be only for women initially; Centre, states to share premium for economically weaker sections. Customers may soon get health, insurance and pension covers, as well as a scholarship for their daughter’s school education under one policy. http://www.business-standard.com/india/news/govt-may-bring-multiple-covers-under-one-policy/461166/ .
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/ .
