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MONEY & BANKING
FOREX:
The rupee's rapid rise
In economic theory, the balance of payments must, by definition, always be in balance because a deficit on the current account — imports minus exports — is automatically made up by an equivalent surplus on the capital account. ...
INSIGHT:
A nuanced approach called for
Monetary Policy. India's monetary policy has navigated the turbulence since the global financial crisis rather well. It is good there was no steep tightening despite the resurgence in inflation — a recognition of the role of supply-side ...
REGULATORY BODIES & RULINGS:
Pension schemes may be next on SEBI radar, say fund managers
After united-linked insurance policies (ULIPs), will pension funds be next on ...
REGULATORY BODIES & RULINGS:
Life insurers await outcome of IRDA, SEBI stand-off
Life insurance companies are eagerly awaiting the outcome of the stand-off between the Insurance Regulatory and Development Authority and the Securities and Exchange Board of India on unit-linked insurance ...
HUMAN RESOURCES:
Public insurers may offer 17.5% hike in wages
Talks to continue, pension demand may not be accepted. The Government has agreed to meet the insurance employees' demand for a 17.5- per-cent increase in wages, though it remained non-committal ...
EVENTS:
India poised for double-digit growth in 4 years
Likely to witness 8.5 per cent growth this fiscal, says Basu. While making an estimate of 8.5 per cent growth for 2010-11, Dr Kaushik Basu, Chief Economic Advisor, Union Ministry of Finance, said here on Wednesday that India should be able to ...
PEOPLE:
Ajay Banga is MasterCard global CEO
MasterCard Inc has announced the appointment of Mr Ajay Banga as the global President and CEO of the company. From July 1 onwards, he will replace the current CEO, Mr Robert W, Selander, who has been elevated to the position of the ...
LIFE INSURANCE:
Insurance cos can go ahead with new ULIP launches: IRDA
Life insurance companies need not worry and can go ahead with their plans for unit-linked insurance plans (ULIPs), going by the stand of the Insurance Regulatory and Development Authority (IRDA) ...
PUBLIC SECTOR BANKS:
PNB targets 25% growth, to open 7 branches
Punjab National Bank is targeting about 25 per cent growth in business in Andhra Pradesh during the current ...
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