CCEA approves FRP of sugarcane at Rs 230/qtl for 2015-16 season

The Cabinet Committee on Economic Affairs, CCEA on Friday approved the Fair and Remunerative Price, FRP, of sugarcane at 230 rupees per quintal for the 2015-16 sugar season. It will ensure a guaranteed price to sugarcane growers.According to an official release, the FRP will be linked to a basic rec...

Finance Minister stresses need to give Impetus to Credit Growth

RBI allows banks to act as Insurance brokers to increase insurance penetration

Seeking to increase insurance penetration in the country, the Reserve Bank of India has allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies. In the guidelines for entry of banks into insurance business, RBI said that...

SEBI notifies stringent insider trading norms<br/>

Market regulator Securities and Exchange Board of India (Sebi) has notified a stricter set of insider trading norms to check illicit transactions in shares of listed firms by management personnel and connected persons. The new norms, which will revamp nearly two-decade old regulations on insider tra...

SEBI warns public against illicit money pooling schemes<br/>

Making public a list of 63 companies running illegal money pooling schemes, market regulator Securities and Exchange Board of India (Sebi) has cautioned investors and general public against dealing with such entities and advised them not be lured by promises of high returns. The latest list released...

Maran to transfer SpiceJet ownership to Ajay Singh

RBI allows banks to act as Insurance brokers to increase insurance penetration

Seeking to increase insurance penetration in the country, the Reserve Bank of India has allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies. In the guidelines for entry of banks into insurance business, RBI said that...

RBI allows banks to act as insurance brokers<br/>

Seeking to increase insurance penetration in the country, the Reserve Bank of India has allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies. In the guidelines for entry of banks into insurance business, RBI said that...

RBI asks banks not to transfer funds without govt's permission from Greenpeace, 9 others

Concerned over violation of norms by banks, the Reserve Bank of India has asked them not to transfer overseas funds without government&apos;s permission from 10 specified donor agencies, including Greenpeace International. The RBI, in a communication to co-operative banks, said that a couple of ...

Sensex rallies 729 points, its biggest single day gain in 5 years

The Sensex at the Bombay Stock Exchange shot up a mammoth 729 points--its biggest single-day gain in over 5 years--to regain the 28,000-mark, and close at 28,076. The Nifty at the National Stock Exchange spurted 217 points, to 8,494. Stock markets in Japan, China, Hong Kong and Singapore rose betwee...