AMFI sting study finds rebating system still in place Mutual fund agents `guarantee' returns
AN investigation by the Association of Mutual Funds in India (AMFI) has found that about 75-80 per cent of mutual fund distributors lured investors into thinking that the plans they were buying "guaranteed a minimum return" on investment. The ...
Vajpayee upbeat on growth pace
THE Prime Minister, Mr Atal Bihari Vajpayee, today said that the country was heading towards peace and prosperity and the entire world had recognised India as a major economic power. Given the backdrop of the `booming' economy, the country is ...
More reforms, manufacturing top BJP agenda
SUSTAINED financial sector reforms, transforming India into a global manufacturing hub and attaining leadership position in the knowledge economy were identified by the BJP as three of the nine major areas of focus in its economic agenda for the ...
Insurance FDI cap at 49 pc likely
MORE big-ticket reforms appear to be round the bend, this time on the foreign direct investment (FDI) cap in insurance. The Ministry of Finance has given its go-ahead to the Department of Industrial Policy and Promotion (DIPP) to process ...
Private operators cry foul over ISPs' plea TRAI may not allow domestic Net telephony
THE Telecom Regulatory Authority of India is unlikely to accept the plea by Internet service providers (ISPs) to allow them to offer Internet telephony services for national long-distance calls, following the objections raised by private telecom ...
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