Budget 2020

RBI policy rates: RBI holds policy rates again. What is in store for debt mutual fund investors?

The Reserve Bank of India has decided to hold policy rates in its bi-monthly monetary policy meeting held from 5-7 April. The central bank kept the policy repo rate unchanged at 4.00% and reverse repo rate at 3.35% in the April policy meet. The RBI has also decided to continue with its accommodative stance. “The […]

Budget 2020

RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways

NEW DELHI: The Reserve Bank of India on Wednesday tried to strike a conciliatory note by delivering on the expectations and extending an olive branch to bond traders, who had been revolting in the recent past. The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections, pledged to keep […]

Budget 2020

Irdai ups max cover under Arogya policy to Rs 10 lakh

(This story originally appeared in on Mar 20, 2021) HYDERABAD: To bring more people under the ambit of health insurance, Insurance Regulatory and Development Authority of India (Irdai) has hiked the maximum cover under the standard health insurance plan — Arogya Sanjeevani Policy — from Rs 5 lakh earlier to Rs 10 lakh. The insurance […]

Budget 2020

IRDAI: Existing policy to cover hospital stay for vaccine after-effects

(This story originally appeared in on Mar 19, 2021) HYDERABAD: Worried about taking the Covid vaccine shot because of the fear of adverse reactions? Fret no more, as your existing health insurance policy will also cover the cost of any hospitalisation arising as a result of the jab. This important clarification came from insurance regulator […]

Budget 2020

Draft e-com policy moots safeguards against data misuse

The government plans to lay down principles for usage of data for the development of any industry, where such norms do not already exist, and put in place adequate safeguards to prevent misuse and access of data by unauthorised persons, according to a draft national e-commerce policy. The government is in the process of developing […]

Budget 2020

Gold gains after Fed maintains easy monetary policy stance

Gold prices rose on Thursday, as the dollar weakened after the U.S. Federal Reserve kept the interest rate unchanged and reiterated its stance to keep benchmark rates near-zero through at least 2023. FUNDAMENTALSSpot gold rose 0.5% to $1,752.41 per ounce by 0119 GMT, while U.S. gold futures rose 1.3% to $1,748.80 per ounce. The U.S. […]

Budget 2020

U.S. trade report flags challenges from ‘Make in India’ policy

The campaign epitomises the challenges facing bilateral trade ties, U.S. Congress told The U.S. tried to resolve “long-standing market access impediments affecting U.S. exporters” with India during 2020, says the 2021 President’s Trade Agenda and 2020 Annual Report — an annual report submitted by the U.S. Trade Representative (USTR) to Congress. The report terms India’s […]

Budget 2020

Aditya Birla Insurance launches new health policy

Aditya Birla Insurance has launched a health policy offering up to 100 per cent return of the premium if the customer did not make a claim in earlier years. The offering is a new version of its existing Activ Health policy that provides a comprehensive health protection with extensive wellness benefits, the company said in […]