IRDAI allows banks to tie up with insurers

The Insurance Regulatory and Development Authority of India - IRDAI has allowed banks to tie up with insurers, to sell three products each from life, non-life and standalone health insurance segment. Speaking to reporters in Mumbai, IRDAI Member (Life), Nilesh Sathe said the decision will not be bin...

RBI lists activities ineligible for agency commission payment

From now on furnishing of bank guarantees or security deposits through private banks by government contractors will not be eligible for payment of agency commission. In a directive to all agency banks, the RBI yesterday enlisted activities that do not come under the purview of agency bank business a...

RBI to transfer Rs 65,896 cr surplus to govt

IRDAI allows banks to tie up with insurers

The Insurance Regulatory and Development Authority of India - IRDAI has allowed banks to tie up with insurers, to sell three products each from life, non-life and standalone health insurance segment. Speaking to reporters in Mumbai today, IRDAI Member (Life), Nilesh Sathe said the decision will not ...

Retail inflation falls to record low of 3.78% in July

Retail inflation fell to a record low of 3.78 per cent in July on account of cheaper food prices, including of vegetables, fruits and cereals. The retail inflation based on Consumer Price Index (CPI) was as high as 7.39 per cent in July last year, while it was at 5.40 per cent in June this year. Acc...

Retail inflation falls to record low of 3.78% in July; Industrial production rise to 4 month high of 3.8% in June

Retail inflation fell to a record low of 3.78 per cent in July on account of cheaper food prices, including of vegetables, fruits and cereals. The retail inflation based on Consumer Price Index (CPI) was as high as 7.39 per cent in July last year, while it was at 5.40 per cent in June this year. Acc...

IMF welcomes China's new mechanism to value currency

The International Monetary Fund has welcomed Beijing's newly announced system to value the country's currency, saying it will allow market forces to play a greater role in the nation. China cut the yuan's value against the dollar for a second day, sending ripples through f...

Indirect tax collection growth shows economy improving: CEA

Chief Economy Advisor,CEA Arvind Subramanian said the India's real credit growth has started picking up. His remarks came after the indirect tax receipts jumped nearly 40 per cent provisionally to over Rs 567 billion. Talking to the reporters in New Delhi this morning, Mr Subramanian said t...

Retail inflation hits multi-year low of 3.78% in July

Retail inflation fell to a record low of 3.78 per cent in July on account of cheaper food prices, including of vegetables, fruits and cereals. The retail inflation based on Consumer Price Index (CPI) was as high as 7.39 per cent in July last year, while it was at 5.40 per cent in June this year. Acc...

Retail inflation hits multi-year low of 3.78% in July

Retail inflation fell to a record low of 3.78 per cent in July on account of cheaper food prices, including of vegetables, fruits and cereals. The retail inflation based on Consumer Price Index (CPI) was as high as 7.39 per cent in July last year, while it was at 5.40 per cent in June this year. Acc...