Draft norms reduce investment ceiling from 25% to 5%.
Turning down the suggestion of Parliamentary Standing Committee, the Union Cabinet also decided that there would be no guarantee of assured returns on schemes by pension funds.
The increase in joining age will provide the options to the subscribers who are at the fag-end of the employment
At least 34 tribal students were hospitalised for suspected food poisoning in East Godavari district of Andhra Pradesh after consuming a meal at their hostel, officials said.
Anna Hazare, who is suffering from fever, on Tuesday refused to give up his fast despite requests from close aides.
The MMRDA ground in suburban Bandra-Kurla Complex in Mumbai awaits the arrival of Anna Hazare, who is expected to reach here on December 26 for his three-day protest fast against government's "weak" Lokpal Bill.
The pension bill is listed in the name of Finance Minister Pranab Mukherjee in the agenda papers of the Lok Sabha for Wednesday.
Testing labs will be established at ports to check illegal export of cow meat, the government announced today in the midst of a raging controversy over the Dadri killing of a man over rumours of eating beef.
The Anil Dhirubhai Ambani Group's financial services arm Reliance Capital on Friday said it has received approval from the Reserve Bank of India (RBI) for its proposed 26 per cent stake sale in Reliance Life Insurance to Japan's Nippon Life.
The fruit has to however meet biosecurity standards including irradiation before they are exported.
Sahberi village ruling to hit sentiment in Noida Extension, where projects worth Rs 40,000 crore are being executed.
Regulator plans minimum death benefit at five times the annual premium.
Since last September, when the Irda capped distribution costs of Ulips, the number of policies with riders being sold had risen from 5% of the total to 20%.
Highest NAV guarantee products accounted for a fifth of Ulip sales after pension plan sales dried up following the stringent norms on Ulips from September 2010.
Aiming to push India into the list of the top 10 agri export nations, the policy has been backed by the Prime Minister's Office
Nandan Nilekani said plans are on track to issue Aadhaar numbers to 600 million (60 crore) people in three to three-and-half years.
Twenty-six per cent FDI cap in sector is not incorporated in Bill as govt retains flexibility.
MMRDA official said that it was already in talks with the World Bank to get funding for the MTHL project.
The Irda is of the view that any insurance product must carry some form of assurance.
Bombay HC stays proposed Metro fare hike till Jan 29.
RBI unveiled a few weeks ago its discussion paper on the proposed holding company structure for financial conglomerates, there were no murmurs of protest from any of the other regulators.
Sebi had in October last year given the go-ahead to insurance companies for coming out with IPOs.
The Mumbai Metropolitan Region Development Authority, which is implementing the project, said that it was in talks with the World Bank for funding the project.
Irda to raise provisioning norms to 163-213 per cent.
The Greater Noida Industrial Development Authority is planning to move the Supreme Court against the Allahabad High Court order setting aside acquisition of land in Gautam Buddh Nagar district. The authority has already held talks with farmers to resolve the land dispute in Shahberi village in the district which saw violent clashes between farmers and the police, killing four people.
Like dematerialisation of securities, it will offer dual benefits of cost-effectiveness and convenience.
The Delhi high court on Wednesday directed the Delhi Development Authority to frame a comprehensive policy to deal with the cases of applicants, who were injured in last Wednesday's blast when they had come to court to attend hearing of a public interest litigation in the Rohini housing scheme case.
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
Life insurance companies would not be allowed to sell Ulips with annual premiums exceeding Rs 50,000 for non-single premium policies and Rs 1,00,000 for single premium polices via telemarketing.
The Life Insurance Council has made a representation to the Insurance Regulatory Development Authority (Irda), seeking some revisions pertaining to unit-linked products.
This is the ninth case in connection with the alleged irregularities in the conduct of Commonwealth Games in New Delhi, which were held during October 3-14 last year.
In a development that is bound to bring cheer for Mumbai's weary commuters and overburdened transportation facilities, authorities for the Mumbai Metro 1 project estimate that the Metro will be fully functional by next year.
Going by the current pace, UIDAI seems unlikely to meet the target of issuing a million Aadhaar numbers a day to cover half the country by 2013.
"It appears as if to economise was criminal and to splurge was civil." This was the observation made by the high-level Shunglu Committee, which found a loss of over Rs 1,600 crore in construction and renovation of venues for Commonwealth Games by different government agencies.
World number six Marin Cilic will be the biggest international star in the singles field at the upcoming Chennai Open, the only ATP 250 tournament in India.
An Irda official said the idea was to improve the penetration levels of insurance and deepen financial inclusion.
The premiums for third-party motor insurance may rise by 50-80 per cent this year.
Fire brigade, Mumbai Police and civic officials rushed to the site to carry out the rescue operation.
The former IAS officer was sworn-in as Minister of State (Independent Charge) of Tourism; and Minister of State in the Ministry of Electronics and Information Technology.
There was uncertainty after the courts annulled land acquisition in a couple of these villages.
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