Insurance Regulatory Development Authority (Irda) is planning to put in place the system for holding life insurance policies in electronic format by April 2012 http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/now-a-demat-account-for-your-life-policies/articleshow/11139742.cms .
Six months ago, directors of Kolkata-based AMRI Hospital were part of a closely-knit industrial circle in the city. Since the last couple of days, they are in jail on charges of culpable homicide not amounting to murder, following a fire in the hospital that killed at least 90 people on Saturday. It is this increasing […]
A problem for Chinese companies is turning out to be an opportunity for Indian ones. The recent controversy over accounting standards of Chinese firms listed in the US is forcing investor pools which traditionally invested in these, to capitalise on their high growth, to look at similar investment opportunities in India http://www.business-standard.com/india/news/chinas-accounting-issues-swell-indias-opportunity/458345/
The Securities and Exchange Board of India plans to soon come out with specific regulations for financial advisors, a top official has said. “We have received detailed responses from various stakeholders. It is difficult to give exact timeline when the regulations will be issued. It will come out shortly… we have to build consensus,” Mr […]
. Private insurers that have been operating for more than 10 years would be allowed to open branches and set up insurance joint ventures, including subsidiaries, outside India. The norms would apply to all sets of insurance companies involved with life, non-life, health and reinsurance businesses http://www.business-standard.com/india/news/irda-set-to-allow-foreign-branches-for-pvt-insurers/458495/ .
The value of financial assets worldwide is expected to touch $ 371 trillion by 2020, with emerging economies including India, accounting for about one third of the total amount, says global consultancy McKinsey. http://economictimes.indiatimes.com/news/economy/indicators/global-financial-assets-including-indias-to-be-worth-317-trillion-by-2020-mckinsey/articleshow/11068363.cms
Finance Minister Pranab Mukherjee today expressed the hope that the Direct Taxes Code (DTC), which seeks to modernise tax laws in the country, will come into force from April 1, 2012. “The proposed Direct Taxes Code brings together the policy initiatives on direct taxes. It is slated to come into force from the next financial […]
As part of efforts to encourage foreign investments, Finance Ministry officials today held discussions with representatives of SEBI on the issue of allowing Qualified Foreign Investors (QFIs) to directly buy stocks on the capital market http://economictimes.indiatimes.com/markets/stocks/market-news/finmin-sebi-discuss-direct-entry-of-qfis-into-stock-market/articleshow/11007961.cms
Britain’s financial regulator slapped a £10.5 million ($16.4 million) fine on HSBC Holdings Plc. on Monday for mis-selling products to elderly customers paying for care home costs, the biggest-ever fine for a retail banking offence. http://www.livemint.com/2011/12/05211430/HSBC-fined-10-mn-for-missell.html?h=A4
Unhappy with your broker, yet don’t want to go through the 100-signature ordeal to just open another trading account? Things could be simpler, quite soon, even in terms of costs http://www.business-standard.com/india/news/single-kyc-multiple-options/457672/
