Sebi is locked in a turf battle with insurance regulator IRDA over who has jurisdiction over ULIPs.
A day after the finance ministry brokered a truce between two financial sector regulators, Sebi on Tuesday said any new ULIP scheme launched after April 9, 2010 by insurance companies will remain covered by its earlier ban order.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
Why do we need a cure here for peculiarly Western diseases when we don't have those diseases, and which the West itself is not trying to cure, asks Debashis Basu.
Regulators are expected to work within their domain, says Pranab Mukherjee.
The United Nations estimates about one third of the world's 1.2 billion poorest people live in India
With the Securities and Exchange Board of India abolishing the entry load on mutual funds, sector experts believe distributors are likely to aggressively push high-commission insurance products. The quashing, applicable from August 1, will bring down their commission to less than half of what they earn right now. The result is likely to be aggressive selling of, for one, unit-linked insurance plans (Ulips).
The cornerstone of any efficient financial market is certainty and coherence in its regulatory framework.
Legislative process in the country is unduly long and tedious
The sector faces many challenges and calls for prompt corrective action.
There is little doubt that the policy offers some interesting features, but these do not come for free, policy holders have to pay for the same by way of higher premiums.
As the Centre faces multiple hurdles, BJP-governed states such as Rajasthan, Madhya Pradesh and Gujarat have swiftly moved in to usher in radical reforms as they aim to take a larger share of the FDI pie.
Governor Banwarilal Purohit administered the oath of office and secrecy to 68-year old Stalin, for whom this would be the first stint as CM
Trade ministers from 162 WTO countries will gather in Kenya's capital from Dec. 15-18 to work on an agreement to liberalise global trade.
If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders.
A bench of justices R S Endlaw and Asha Menon issued notice to the Centre and the Delhi government seeking their stand on the plea by two women seeking to get married under the SMA.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The Competition Commission of India (CCI) is to be congratulated for imposing a large fine, of nearly Rs 1,800 crore (Rs 18 billion), on Coal India Ltd for alleged abuse of its monopolistic position.
'The world does not care about the tension on our border.' 'India has to emerge as a strong economic power.' 'Respect comes when the world sees a country with a direction and leadership that has a vision,' points out Ramesh Menon.
India is failing to take advantage of its important ally, Japan as much as it should, notes Mihir S Sharma.
The previous United Progressive Alliance government had permitted up to 51 per cent foreign direct investment in multi-brand retail but the current National Democratic Alliance government is opposed to it.
Even under the RTI response, all public sectors banks have washed their hands of any responsibility.
Pakistan would want to take full advantage of the situation to direct Taliban trained terrorists into the Kashmir Valley, alert Lieutenant General Ashok Joshi (retd) and Colonel Anil A Athale (retd).
Unit linked insurance plans, though, a best selling product may not be actually best suited for you, says financial expert Amar Pandit.
Priya Nair tells you how you can use technology to invest better and maximise returns.
Or, what will the Indian policy process allow it to be, says Ajit Balakrishnan.
Amritsar-born entrepreneur John Nath Kapoor was arrested by the FBI for bribing doctors to over-prescribe a powerful opioid to patients.
Third time lucky is an apt phrase to describe the remarkable rise of Joe Biden, a veteran in US politics for around five decades, from being one of the youngest senators in history to the oldest American president-to-be.
While two-wheeler sales are down 15 per cent year-on-year, passenger vehicles sales are lower by 5-7 per cent.
The legendary investor never fails to amaze. Here's Buffett as you have never seen before.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Denouncing India's attempts to get Indian diplomat Devyani Khobragade full diplomatic immunity, United States law enforcement officials warn that it will set a terrible precedent. Rediff.com's Aziz Haniffa reports from Washington, DC.
Thanks to Budget 2018, seniors can invest more and also save more.
Cost is not the only factor that one should look at. It's best to keep investment and insurance apart
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
In the last few years, unit-linked insurance plans (Ulips) have quietly become one of the largest players in the Indian stock market. With a total investment estimated at Rs 1.5 lakh crore to Rs 2 lakh crore, they are almost close to the investment made by equity mutual funds.
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