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Wednesday, October 16, 2002

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Prudential norms, fees for insurance brokers — Reinsurance fees left to market forces
THE broad regulatory and business environment for insurance broking has emerged with the Insurance Regulatory and Development Authority (IRDA) penning down the prudential business norms and the detailed fee structure that is to be included in the ... More

IRDA to park surplus in public account
THE Insurance Regulatory and Development Authority (IRDA) will cease to enjoy the freedom of parking its annual surpluses in banks. It will, instead, have to mandatorily park them in the Public Account of India. A final ruling to this effect ... More

Serious frauds office taking shape
THE Government has circulated a proposal for the setting up of a serious frauds office (SFO), which envisages an agency investigating corporate frauds on cheating of shareholders, depositors and investors. The SFO may also cover institutions ... More

Venkitaramanan proposed for slot on RIL board
FORMER Governor of the Reserve Bank of India (RBI), Mr S. Venkitaramanan's name has been proposed for appointment as a director of Reliance Industries Ltd (RIL) at the ensuing annual general meeting (AGM) of the company. The shareholders' nod ... More

Cut down on greenhouse gases, earn greenbacks
INDIAN companies have started out on the path of making millions of dollars by reducing greenhouse gas emissions and selling the emission reductions as credits to developed country institutions and companies. The first signs of carbon dollars ... More


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