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MONEY & BANKING
GENERAL INSURANCE:
Mumbai attacks bring to fore inadequacies in terrorism cover
Chennai, Nov. 30 Terrorist attacks on the Trident Oberoi and Taj hotels and the Nariman House in Mumbai have brought to the fore the limitations of the existing terrorism pool in that it does not insure public liability and personal accident. ...
GENERAL INSURANCE:
Tax effect of insurance compensation
Recent terror attacks at vantage locations show how vulnerable our nation is, notwithstanding the economic prosperity and the improved standard of living of the people. The attacks have great psychological ramifications ...
DEBT MARKET:
Yields head south as inflation, oil prices continue to slide
Deluge of deposits triggers demand for G-secs. Bangalore, Nov. 30 Bond yields moved further south as inflation continued to retreat and global oil prices maintained their unimpeded ...
PUBLIC SECTOR BANKS:
IOB disburses Rs 20-lakh loans
The Indian Overseas Bank (Madurai Region), disbursed under differential rate of interest (DRI) scheme for weaker sections, a sum of Rs 20.85 lakh in a function held on Friday. The bank signed a MoU with the Development Promotion Group (Chennai) ...
MERGERS & ACQUISITIONS:
‘RBI alone should take final decision on M&As among banks’
New Delhi, Nov. 30 The Reserve Bank of India (RBI) alone should take the final decision on allowing mergers and acquisitions (M&As) between banks, and the opinion of the Competition Commission should be made available as an input to ...
FOREX:
Weakening rupee
What explains the almost 25 per cent depreciation in the Indian rupee vis-À-vis the US dollar in a matter of about ...
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