regulatory development

PM sets up experts panel to review, rework GAAR


July 13th, 2012 - 6:41 pm ICT by IANS
New Delhi, July 13 (IANS) Prime Minister Manmohan Singh Friday set up an experts' committee to review and rework the controversial General Anti Avoidance Rules (GAAR) tax provision.The four-member ... Read more...

Posted in Business |

RBI cautions investors against illegal finance companies


January 7th, 2012 - 5:53 pm ICT by IANS
Bagmara (Tripura), Jan 7 (IANS) The Reserve Bank of India (RBI) Saturday asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in ... Read more...

Posted in Business |

Insurance firms might find draft bancassurance guidelines difficult


January 3rd, 2012 - 10:53 pm ICT by IANS
Kolkata, Jan 3 (IANS) The draft guidelines on bancassurance by the Insurance Regulatory Development Authority (IRDA) may turn out to be difficult for a few insurance companies in the country, ... Read more...

Posted in Business |

IRDA asks general insurers to avoid unhealthy competition


December 16th, 2011 - 5:59 pm ICT by IANS
Kolkata, Dec 16 (IANS) The insurance regulator Friday asked general insurance companies not to indulge in "unhealthy competition" that has led them to incur huge losses."I urge the companies to ... Read more...

Posted in Business |

TRAI imposes 5 paise deterrant for pesky messages


October 25th, 2011 - 9:22 pm ICT by IANS
New Delhi, Oct 25 (IANS) The Telecom Regulatory Authority of India (TRAI) Tuesday said it will impose a termination charge of 5 paise per SMS on operators from whose networks ... Read more...

Posted in Sci-Tech |

Max Bupa bids for state health insurance in three states


October 18th, 2011 - 12:03 am ICT by IANS
Kolkata, Oct 17 (IANS) Health insurance provider Max Bupa has bid for a product distribution tender under the Rashtriya Swasthya Bima Yojna (RSBY) scheme in three states, a top company ... Read more...

Posted in Business |

Regulator’s nod for Reliance Capital’s 26 percent stake sale to Nippon


September 14th, 2011 - 2:09 pm ICT by IANS
Mumbai, Sep 14 (IANS) Reliance Capital, part of the Anil Ambani-led Reliance Group, Wednesday said it had received approval from the insurance regulator to sell a 26 percent stake in ... Read more...

Posted in Business |

RBI asks northeast to crack whip on chit funds


May 26th, 2011 - 1:35 pm ICT by IANS
Agartala, May 26 (IANS) Worried about rising incidents of non-banking finance companies (NBFCs) hoodwinking the public, India's central bank has asked north eastern states to constitute a robust economic offence ... Read more...

Posted in Business |

Regulatory body sought to check illegal financial firms


March 10th, 2011 - 7:30 pm ICT by IANS
Agartala, March 10 (IANS) The Left Front government in Tripura Thursday urged the central government and the Reserve Bank of India (RBI) to constitute a regulatory body and form a ... Read more...

Posted in Business |

No RBI approval needed for bank branches in northeast: minister


December 30th, 2010 - 3:28 pm ICT by IANS
Agartala, Dec 30 (IANS) The Reserve Bank of India (RBI) has relaxed norms for setting up bank branches in northeast India and no prior approval of the apex regulatory body is required ... Read more...

Posted in Business |

New ULIP norms will build investor confidence: Pranab


September 1st, 2010 - 8:51 pm ICT by IANS
Mumbai, Sep 1 (IANS) Finance Minister Pranab Mukherjee said the new norms for unit-linked insurance plans (ULIPs) which kicked in Wednesday are aimed at building investor confidence. "Reforms are not static, ... Read more...

Posted in Business |

Action needed against illegal non-banking firms: RBI


July 15th, 2010 - 1:35 pm ICT by IANS
Aizawl, July 15 (IANS) The Reserve Bank of India (RBI) has suggested that state governments crack down on unauthorised non-banking firms collecting deposits from people. It also asked people not to deposit ... Read more...

Posted in Business |

Actions against illegal NBFCs in Tripura to continue


June 20th, 2010 - 8:39 pm ICT by IANS
Agartala, June 20 (IANS) The crackdown on unauthorised non-banking financial companies (NBFCs) collecting deposits from people in Tripura will continue, the state police said Sunday. "At least 8 managing directors, directors and ... Read more...

Posted in Business |

Ordinance makes ULIPs insurance product


June 19th, 2010 - 10:21 pm ICT by IANS
New Delhi/Chennai, June 19 (IANS) Setting at rest the tussle between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA), President Pratibha Patil Friday ... Read more...

Posted in Business |

Staff of illegal non-banking bodies arrested in Tripura


June 12th, 2010 - 6:24 pm ICT by IANS
Agartala, June 12 (IANS) The Tripura police have arrested four functionaries of two unauthorised non-banking financial companies (NBFCs) that were collecting deposits from the people in violation of Reserve Bank of India ... Read more...

Posted in Uncategorized |

Insurance Regulatory Authority cancels license of 4261 agents


June 10th, 2010 - 2:54 pm ICT by ANI
New Delhi, June 10 (ANI): The Insurance Regulatory Development Authority of India (IRDA) has cancelled the licences of 4,260 corporate agents of various insurance companies as they did not seek renewal of ... Read more...

Posted in National |

Mukherjee asks insurance industry to reach general masses


June 8th, 2010 - 8:01 pm ICT by ANI
Mumbai, June 8 (ANI): Finance Minister Pranab Mukherjee on Tuesday asked insurance industry to give more focus to generate the required level of awareness about the benefits of insurance to rural ... Read more...

Posted in National |

SEBI restrains 14 insurance companies from raising fresh money


April 10th, 2010 - 3:09 pm ICT by ANI
New Delhi, Apr 10 (ANI) The Securities and Exchange Board of India (SEBI), on Saturday restrained 14 insurance entities from raising fresh money through Ulips - Unit Linked Insurance Products.The SEBI said ... Read more...

Posted in National |

Alankit Group to provide services to New Pension System subscribers


March 19th, 2010 - 6:40 pm ICT by ANI
New Delhi, March 19 (ANI): Alankit Assignments Limited (Alankit) has announced a new activity of Point of Presence (POP) to provide services to the subscribers of New Pension System (NPS) launched by ... Read more...

Posted in Business |

Regulator cautions insurers on terror funds


November 1st, 2009 - 6:34 pm ICT by IANS
New Delhi, Nov 1 (IANS) Insurance Regulatory Development Authority (IRDA) has cautioned insurance companies against policy holders whose identity matches that of those on the United Nations' list of terrorists or organisations ... Read more...

Posted in Business |

New Pension Scheme has just 1109 takers


August 11th, 2009 - 4:44 pm ICT by ANI
Mumbai, Aug. 11 (ANI): The lack of awareness about the New Pension System (NPS) has resulted in only 1,109 subscribers applying for it by July 31. The Pension Fund Regulatory Development Authority ... Read more...

Posted in National |

Insurance regulator may issue ‘embedded value’ norms


June 10th, 2009 - 6:16 pm ICT by IANS
Kolkata, June 10 (IANS) The country's insurance regulator may issue norms for estimating "embedded value" of future insurance premiums by August, a top official said here Wednesday. "The guidance note is ready and ... Read more...

Posted in Business |

Insurers bank on marketing to beat new pension scheme


May 1st, 2009 - 7:04 pm ICT by IANS
Chennai, May 1 (IANS) Life insurers are depending on their strong distribution network to stave off the competition challenge posed by the cheaper National Pension Scheme (NPS) that was launched Friday. Even though ... Read more...

Posted in Business |

Regulator’s report on valuation of insurance firms next month


April 9th, 2009 - 10:43 pm ICT by IANS
Kolkata, April 9 (IANS) The country's insurance regulator will introduce fresh guidelines for valuation of insurance companies, a top official said here Thursday. "A committee of actuaries headed by me is currently working ... Read more...

Posted in Business |

India’s first third party insurance licensee exits business


February 6th, 2009 - 8:57 pm ICT by IANS
Chennai, Feb 6 (IANS) The Hyderabad-based Dawn Services, the first third party administrator (TPA) to be licensed by the Indian insurance watchdog, has decided to exit the business. According to Insurance Regulatory ... Read more...

Posted in Uncategorized |

Left-UPA flashpoints since May 2004


July 8th, 2008 - 6:12 pm ICT by IANS
New Delhi, July 8 (IANS) The often uneasy relationship between the Left parties and the United Progressive Alliance (UPA) government ended Tuesday after four years, over the India-US civil nuclear deal. But ... Read more...

Posted in Politics |

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