Post offices, telecom companies, pension fund managers, FMCG firms and third-party corporate agents may soon offer products of the New Pension System if the
recommendations of Bajpai committee are accepted.
What experts are saying about latest in world of business "Typically, in a rising interest rate scenario one should invest in debt
assets with short tenures since assets with long-term maturities tend
to lose out more," says Ganti Murthy, Head, Fixed Income, Peerless Mutual Fund.
Interesting facts from business world 51% of the countrys workforce is self-employed, while 15.5% are
salaried employees and 33.5% are casual labourers, according to the 66th
survey conducted by the National Sample Survey Office.
Recent rulings in banking, stocks, telecom sector Recent rulings in banking, stocks, telecom sector that could affect you.
Security, higher salary most important for job hunters in 2010 What are the most important factors one considers while accepting a new
job offer? It seems Indian job seekers considered job security and
higher salaries as key for taking a job.
Using ATM of other banks now chargeable beyond 5 transactions From 1 July, savings bank account holders are allowed only five free
transactions from ATMs of other banks, including cash withdrawal,
balance enquiry and changing your secret identification number.
India 12th largest in HNI population in 2010 India's population of high net worth individuals (HNIs) continued to grow, making it the world's 12th largest in 2010. In 2010, it grew at 20.8% to 153,000 from 126,700 in 2009.
RBI monetary tightening continues, loan interest rate up You can expect another round of increase in bank lending and deposit
rates when the RBI continues with its calibrated monetary tightening in
its quarterly policy review on 26 July 2011.
Irda extends health cover portability deadline to October 1 Insurers are seeking more 'clarity' and time to implement the
portability of health insurance and, therefore, the Irda has postponed the implementation by
three months to 1 October.