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'Increase in service tax would bear a substantial impact'

Rajesh Sud, CEO and managing director of Max New York Life InsuranceAt a macro level the Union Budget 2012-13 is a balanced one. The Finance Minister has taken step to create an environment for......

Insurers see a change agent in new FDI rules

Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled. Fifteen years after the privatisation of insurance, the archaic,......

Double whammy for insurance policyholders

It is a double whammy for insurance policyholders. Last year, service tax was made applicable on insurance premiums; in the Budget presented on Saturday, Finance Minister Arun Jaitley raised the......

Delhi court pulls up Sebi for 'lethargic approach'

The order came in a case in which the regulator had filed a complaint against a firm and its directors alleging that they had floated the Collective Investment Schemes and raised over Rs 22 crore......

Crown of thorns await the next telecom minister

A crown of thorns awaits the next telecom minister at Sanchar Bhawan as the new incumbent will have to address a host of tricky issues like industry infighting, tariffs and improving financial......
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7 get stuck for half an hour in overloaded lift of FC Rd building

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LIC chief S K Roy elected Chairman of apex body of insurers

MUMBAI: Life Insurance Corporation ( LIC) chief S K Roy was today elected as Chairman of the Life Insurance Council, the apex industry body of... ...

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