Tamil Nadu top state in collecting health insurance premium: ASSOCHAM

The state of Maharashtra has emerged on top for collecting highest health insurance premium worth over Rs 4,370 crore as of financial year 2012-13, according to a sector-specific analysis conducted by apex industry body ASSOCHAM. “ Clocking a growth rate of over 76 per cent, …

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Car Penetration In India: 12 Cars per 1000 in 2010, 72 Cars per 1000 in 2015

Car penetration in India will grow at the fastest clip in the coming 5 to 7 years among the emerging markets, even outpacing China at 12 per cent albeit on a low base. With the growing population and increasing wealth in the BRIC markets, the overall motorisation rate will s…

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Terminology - Share Market - P - Notes

P - Notes -  Terminology - Share Market Participatory Notes = P-Notes P - Notes are mostly used by overseas HNIs (High Networth Individuals), hedge funds & other foreign institutions, to invest in Indian markets through registered Foreign Institutional Investors (FIIs), wh…

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RBI Guidelines: Banks Are Not Responsible For the Contents of The Lockers..!

According to the Reserve Bank of India (RBI) guidelines, banks are not responsible for the contents of the lockers. A bank only needs to provide for protection of the lockers. According to Mr. Narayan Raja, CEO, Banking Code and Standard Board of India (BCSBI), ''The …

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Investments High Risk? What Investors Thinking?

Apparently, there are savers& investors in India a large number, actually- who think equity mutual funds (MFs) are a highly risky investment avenue. By itself that's fine, because riskiness is a relative concept. But a survey that found this also found that a substan…

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Income Tax: Know Your Ombudsman..!

OMBUDSMAN Delhi : 011(National Capital Territory) Room No 251, Central Revenue Building, I.P. Estate, New Delhi-110 002 Mr. Prakash Chandra, Income Tax Ombudsman Phone:011-23379925 (O) Fax: 23378551 E mail : delhi-itombuds@nic.in <delhi-itombuds@nic.in> Kanpur: 0512 (U.P &am…

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A to Z of Income Tax Ombudsman..!

The Income Tax (I -T) Department’s website has become a single window for various I -T related activities, like IT filing tax return, applying for a Permanent Account Number (PAN), locating an assessing officer (AO), and many others. But, redressal of taxpayer grievances rema…

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RBI Raises Gold Loan Limit to Rs. 2 Lakh..!

The Reserve Bank of India (RBI) has raised the limit for urban co-operative banks (UCBs) to sanction loan Rs. 2 lakh against gold collateral to from Rs. 1 lakh at present. The urban co-operative banks are allowed to give gold loan under the bullet repayment scheme.  The bullet…

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