Financial Daily from THE HINDU group of publications
Friday, August 30, 2002
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Financial Daily from THE HINDU group of publications Friday, August 30, 2002 |
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MONEY & BANKING PENSION PLANS IRDA for abolition of annuity tax THE Insurance Regulatory and Development Authority (IRDA) has favoured abolition of tax on annuity, while submitting its detailed recommendations to the Government, according to the IRDA Chairman, Mr N. Rangachary. Delivering the keynote ... More FOREX Rupee ends weak; securities rise Mumbai: THE rupee closed weaker on Thursday at 48.5250/53 as compared to its previous close of 48.4825/4875 in the forex market. In spite of good supplies of the dollar in the market, dealers contend that there was relatively good buying ... More
NRIs can remit inherited assets sans RBI okay TECHNOLOGY Solar-powered ATMs? AUTOMATED teller machines (ATM) with no screens, that goes to sleep when not in use and run on solar energy! Well that's what the future holds. With more and more banks exploring the semi-urban and rural areas of India, banks feel the need for ... More HOUSING FINANCE Birla Home Fin to focus on small towns BIRLA Home Finance is set to launch a new savings linked home finance scheme targeted at the semi-urban markets. Talking to Business Line, Mr Sanjay Khosla, General Manager, Sales, Birla Home Finance, said that the scheme, which will have ... More LIFE INSURANCE SBI Life launches policy with new features SBI Life Insurance Company has launched `Sukhjeevan Pratham' a single premium policy with enhanced features from its life insurance product stable. Sukhjeevan Pratham is aimed at an audience which looks at seeking a combination of guaranteed ... More GENERAL INSURANCE Expert panel moots insurance for aqua farms IMPROVED access to banking and insurance for shrimp farms and hatcheries, review of funding policy for aquaculture, model legislation for aquaculture and expediting licensing procedures are among the recommendations that followed the two-day ... More
New IRDA motor norms may add to insurance cos' woes RBI & OTHER CENTRAL BANKS RBI to hire agencies to distribute coins The Reserve Bank of India wants to hire private agencies for distributing coins to public. The commission will be Rs 250 per `coin bag'. Coins will be available in denominations of Rs 1, 2, 5, and in 25 and 50 paise. The central bank has ... More PRIVATE BANKS Karnataka Bank cuts term deposit rates KARNATAKA Bank has announced a reduction in interest rates for domestic and NRE rupee term deposits with effect from September 1. As per the revised rate structure, the bank would pay an interest of five per cent on domestic term deposits for a ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Aug. 18-Aug. 24 RBI asks banks to follow norms for a/c opening `Housing finance cos ready to cut rates... ' SBI Life to toe bancassurance Banks reject tax challans sans PAN Max New York looking at `most admired' tag |
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