"SAVING BANK ACCOUNT INTEREST TO BE DEREGULATED :RBI GOVERNOR” plus 1 more

SAVING BANK ACCOUNT INTEREST TO BE DEREGULATED :RBI GOVERNOR

Posted: 19 Jun 2010 07:31 PM PDT

Reserve Bank Governor D Subbarao said the central bank is in favour of deregulating interest rates on savings accounts as part of financial sector reforms. "Deregulation of interest rates (including savings rates) is an important way forward for reforms. The base rate system that would come in to affect from July 1 is also an important reform method," he said here. The concerns expressed by banks...

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IRDA TO HANDLE ULIP SAYS GOVT -DISPUTE ENDED

Posted: 19 Jun 2010 07:17 PM PDT

The government has put to rest the two-month-long turf war between insurance regulator Irda and capital market watchdog Sebi, clarifying that life insurance business includes any unit-linked insurance policy, scripts or similar instruments. "Life insurance business shall include any Ulip or any such instruments. This would set at rest all the issues regarding Ulips between two financial...

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