MONEY & BANKING
Govt may opt for pension, insurance under IRDA
PENSION reforms could take a different shape under the United Progressive Alliance (UPA) Government. In what could alter the course of the ongoing pension reforms, the Finance Minister, Mr P. Chidambaram, may veer towards making the Insurance ...
RBI puts brakes on money supply growth
The RBI has not resorted to either open market operations or hiking the Bank Rate, CRR or repo rate to impound excess liquidity from the system.
Unconvincing dollar rally
Though the dollar rallied when spot crude oil prices pulled back by more than 10 per cent during the week ended August 27, it does not mean the currency has strengthened. The market reaction is dangerously myopic and long-term investors should u se the opportunity to diversify, says V. Anantha Nageswaran.
Motor detariffing process Insurers flay `piecemeal approach'
INSURERS have expressed a wish to see the current de-tariffing motor insurance exercise cover the entire range of issues instead of a piecemeal approach. At a seminar in the city, organised by the South India Purchase Association, Mr G.K. ...
RBI assurance to bankers lifts bonds
Bankers were assured that investment guidelines would be altered to reduce the balance sheet impact during the second quarter.
`There is room for negotiations; we are flexible'
MR C.H. Venkatachalam doesn't really fit the traditional image of a trade union leader. Attired in white shirt and dhoti, he is calm and collected. He has been spearheading the bank trade union struggle for wage revision and settlement of some ...
Prudential Bank gets RBI nod to pay up to Rs 20,000
THE Prudential Co-op Bank Ltd has said that the Reserve Bank of India gave it permission to make payments up to Rs 20,000 a depositor. "We will pay amounts up to Rs 20,000 to all the depositors irrespective of the type of account," bank's ...
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