With an aim to revive the mutual fund industry, market regulator SEBI Thursday announced a slew of financial and operational benefits and promised further long-term reforms, while asking the fund houses to reach out to investors in smaller cities.
Peerless Mutual Fund has launched the Peerless Flexible Income Fund, a dynamic bond fund with the flexibility of changing both duration and asset allocation mix of the portfolio, a company release said.
Apollo Munich Health Insurance is a joint venture between Apollo Hospitals Group and Munich Health, Munich Re's newest business segment.
Aviva Family Income Builder product has been designed on the basis of a customer survey and consumer attitudes towards savings conducted by IPSOS worldwide.
Earlier, another general insurance player, ICICI Lombard had come up with such a product in 2009.
The government has extended the last date for e-filing of income tax returns till August 31.
Prime Minister Manmohan Singh on Monday set up a committee to look into taxation matters of the IT sector and research and development activities, to provide clarity on such issues.
To promote penetration of insurance in the country, IRDA Thursday proposed to rope in kirana shopowners, chemists shops and petrol pump operators to sell micro insurance products.
Under the scheme, investors would not hold gold physically and the AMC would keep the equivalent amount of imported gold in its vault with Bank of Nova Scotia.
The government Tuesday announced a new scheme under which any tax payer can seek online help or call an expert home for a nominal fee to help file income tax returns.
In order to boost the National Pension Scheme (NPS), PFRDA on Thursday relaxed norms for registration of pension fund managers to ensure greater competition by removing cap on the number of PFMs.
The government on Tuesday said remittances from abroad will not attract service tax, putting to rest the concerns raised in view of new tax norms.
Private insurer IDBI Federal Life Insurance today launched 'Suvidha Savings Insurance Plan' that is affordable plan with no medical tests and simple documentation.
State Bank of India (SBI) on Wednesday launched a new service that will facilitate filing Income Tax returns online.
Prime Minister Manmohan Singh has dismissed reports of any plan to bring under the service tax ambit foreign remittances by overseas Indians, Kerala Chief Minister Oommen Chandy said on Tuesday.
In its drive to give better returns to investors, SBI Mutual Fund will soon be merging two of its schemes as it has received market regulator SEBI's approval, a top company official has said.
Private mutual fund houses Baroda Pioneer and Quantum Mutual Fund on Friday launched two new schemes.
The plan offers life cover up to 40 times the annual premium and convenient policy term of 10 and 15 years.
Market regulator SEBI Thursday said mutual funds can come out with pension schemes and it is in touch with finance ministry to sort out the taxation issues.
The plan provides relatively lower premium rates for women and special rates for non-tobacco users, Reliance Life said in a statement.
Indian economy badly affected due to terror attacks: Moody's
Price of pulses crosses more than Rs 225 per kilogram
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