After months of intense focus on unit-linked insurance plans, which has resulted in a complete overhaul of norms, the insurance regulator is now looking at other areas. One area is the distribution of products. “Product efficiency alone will not contribute to a healthier market,” said Irda chairman J Harinarayan. He added that the regulator was [...]
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Companies can soon donate more to political parties
A Parliamentary Standing Committee has recommended raising the limit of donations a company can make to the political parties in a year from 5 per cent to 7.5 per cent of the average net profits in three immediate past financial years. It said increase in the maximum percentage of contributions allowed was necessary “in view [...]
Advanced economies need long-term policy reforms to reduce public debt
Advanced economies must pursue long-term policy reforms to reduce public debt levels over the coming decades and ensure future fiscal sustainability, the International Monetary Fund has said. In order to protect the fragile economic recovery, support growth and job creation and provide reassurance to capital markets, fiscal adjustment plans must be clearly defined—but with a [...]
Govt to take up request for 8 new SEZ proposals
The government will take up eight fresh requests for setting up special economic zones, which have emerged as major sources of exports, on September 16. The inter-ministerial Board of Approval (BoA) on SEZs, headed by Commerce Secretary Rahul Khullar, will also consider framing a policy for setting up units for recycling of plastics in SEZs, [...]


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