The Hindu Business Line : Sunday, September 14, 2003

HDFC Standard Life Pension Plan
WITH the salaried class increasingly realising the importance of having to plan out their finances for their post-retirement days, pension plans are gaining in prominence. One such plan is that of HDFC Standard Life. ... More

INSIGHT

Insurance schemes: Suitable for debt, not equity
In insurance schemes, the impact of administrative charges wipes out the benefits of their tax-efficiency. As such, insurance schemes are not attractive options for channelling your investments into equities. More

FOREX

Forex kitty swells as dollars come in billions
THE country has become the pilgrim centre for dollars with the greenback surge continuing unabated. For the week ended September 5, the forex reserves have grown by $ 1.11 billion to top $87 billion. Forex reserves now stand at $ 87.365 ... More

INSURANCE

Pvt insurers face rough terrain in countryside
``Not many people are aware of any private insurance company and even the few who did mention a private insurance company were hesitant to put their money." More

STOCKS

Union Bank: Attractive valuation
FRESH investments can be considered in the stock of Union Bank of India, which trades at a discount to its book value of Rs 48 and at a multiple of less than four times its earnings for the 12-month period ended June 2003. The stock offers a ... More

LIFE INSURANCE

Group superannuation plans — Giving employees a happier retirement
GROUP superannuation schemes offered by insurance companies can be a good option for organisations to systematically plan for the increasingly crucial post-retirement days of their employees. A well-crafted plan can ... More

LIC announces lower bonus
THE Life Insurance Corporation of India (LIC) has announced lower levels of bonus for its policyholders for 2002-03 compared to 2001-02, The following are the salient features of the bonus announcement:

Final ... More

CREDIT MARKET

Increase in gross bank credit
GROSS bank credit has recorded a sharp increase of Rs 4,599 crore for the fortnight ended August 29, to touch Rs 7,32,000 crore. In the previous week, there was a decrease of Rs 1,430 crore in gross bank credit. While a section of bankers hope ... More

EVENTS

High-level team for IMF meet in Dubai
A HIGH-LEVEL Indian delegation led by the Governor of the Reserve Bank of India Mr. Y.V. Reddy, will be participating in the Dubai 2003 Annual Meetings of Boards of Governors of the World Bank Group and the IMF, scheduled to be held at the Dubai ... More

Benchmark meet
The new RBI Governor, Dr Y.V. Reddy, calling on the Finance Minister, Mr Jaswant Singh, at North Block in the Capital on Saturday.