Questions market regulator's showcause to insurers on conceptual, legal, structural grounds.
The Mumbai Metropolitan Region Development Authority, the nodal agency for the city's makeover, has upped the estimated investment target needed for infrastructure development by over 50 per cent.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has written to Prime Minister Manmohan Singh, opposing the initiation of the Central government to set up a separate Bundelkhand Development Authority.Earlier, Congress General Secretary Rahul Gandhi had demanded the creation of such an authority for the development of Bundelkhand, which spreads across parts of Uttar Pradesh and Madhya Pradesh and is an extremely backward region.
The Insurance Regulatory and Development Authority (Irda) has stuck to its guns on returns from unit-linked pension plans. Despite several representations from the industry, the regulator has decided that insurers will have to provide guaranteed returns of 4.5 per cent on gross premiums until March 11, 2011.
Business leaders warned that closing the offices to save money would send out the wrong signals to potential investors.
India needs to follow countries such as Singapore who have and are further bolstering their cyber security apparatus.
The Rs 2,460-crore project, an initiative of the Mumbai Metropolitan Regional Development Authority, is a modern urban transport where cars move on a single beam in an elevated corridor.
Whatever the outcome of the assembly election in Rajasthan, Ashok Gehlot is firmly ensconced in the Congress inner circle.
The fire was in the middle of the wetlands, fire brigade officials said.
Delhi Metro Rail Corporation has signed a memorandum of understanding (MoU) with Jaipur Development Authority for a four-lane elevated road-cum-metro track project.
Top executives working on improving Bengaluru include Infosys CEO K Gopalakrishnan, Infosys VP-HR Mohandas Pai, and Harman India head Lakshminarayan.
Firm offers no-pain switch from company cover.
Insurance and investment are two different needs. Then, there are Ulip pension plans with no sum assured. No wonder, there is confusion.
Insurance regulator IRDA on Tuesday said it will decide its future course of action on the ULIP controversy in the next two days keeping in mind the government's directive to seek a legally binding decision from a court.
The government on Monday said that the two regulators, the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority, have agreed to maintain the status quo that existed before market regulator's ban on 14 life insurers from raising funds for unit-linked schemes.
The NSE Nifty is at 5,340 down 22 points. Inspite of two big negative news looming in the market, the index lost around 100 points,owing to the huge FII inflow which kept the sentiments positive.
"Disclosure norms for insurance coming out with initial public offer will come out next week," Insurance Regulatory and Development Authority chairman J Harinarayan told PTI.
The Insurance Regulatory & Development Authority has capped the charges from the fifth year to around four per cent of the annual premium paid.
The government will provide necessary land at a nominal rate.
The last few months have been action packed for insurance companies having a ULIP (unit-linked insurance plan) product in their portfolio. This, primarily on account of a cap levied by Insurance Regulatory and Development Authority on the total expenses that can be charged by insurance companies on such products with effect from October 1, 2009.
The Insurance Regulatory Development Authority (Irda) is likely to broaden the definition of infrastructure to include more sectors. The move, being discussed with insurance companies, is aimed at enabling insurers to get access to more papers to invest in and diversify their portfolio.
'Obviously, MSP hike raises chances of a reduction in exports. Even without an MSP hike, India's exports of a number of agri-commodities, like sugar, were unviable in the overseas markets.'
Finance ministry asks Irda to make this and other changes while clearing these products.
Navya Singh was protecting her sovereign right to play, says Aditi Phadnis.
It will help in reducing the turnaround time.
Players seek separate deduction for long term savings, or alternatively hike in exemption limit U/s 80 C; also seek longer period of carry forward of losses under Income Tax Act and also to increase FDI limit from 26% to 49%
About 200 farmers were staging the demonstration on acquisition of land for a layout by BDA, which had given part of it to a private society.
Life insurers, at present, are allowed to invest 50 per cent of their funds in government securities, 15 per cent in infrastructure-related projects, and the balance 35 per cent in other-than-approved instruments for traditional policies.
Urban ministry changes rule before public consultation by environment ministry
Following recommendations from the Deepak Parekh-headed Expert Group and taking into account comments from the public, PFRDA has categorised NPS investments into three asset classes -- E (equity), C (corporate paper) and G (government securities).
The regulator has not been maintaining panel of auditors since 2005 and instead prescribing the requirements for their appointment by insurers. In the backdrop of inflated balance sheet of Satyam Computer Services, chartered accountant body ICAI had pitched for the appointment of statutory auditors for insurance firms by IRDA.
Irda asks insurance companies to increase risk cover from July 1
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
Experts call for consistency in government policies to enable Indian exporters to frame a long-term strategy.
Reliance Infrastructure on Thursday announced the cancellation of Rs 12,000 crore (Rs 120 billion) Mumbai's Metro Line 2 project citing non-fulfillment of certain obligations by Maharashtra government.
The Securities and Exchange Board of India (Sebi) has decided against filing a joint application before a court to resolve its dispute with the Insurance Regulatory and Development Authority over unit-linked insurance plans.
The petroleum ministry has put on back burner the proposal to create a national gas highway development authority, following an opposition from the Petroleum and Natural Gas Regulatory Board, which currently has the powers to authorise pipelines.
With the aim of speeding up the 2010 Commonwealth Games projects, the Indian Government on Thursday approved about Rs 828 crores funding for Delhi Development Authority (DDA). The DDA has been entrusted with the development of Games Village, competition venues for badminton, squash, table tennis and archery.
Check out the winners and the entertainers of two star-studded nights.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
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