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In line with our expectations, the RBI has kept the policy rates unchanged in its 5th Bi-monthly Monetary Policy statement of this fiscal today. RBI mentioned that the 50 bps cut in its previous policy in Sep 2015 was front loaded in response to weak domestic and global demand that was holding back investment.
Read MoreIn a welcome surprise, the Reserve Bank of India cut its policy Repo rate by 50 bps to 6.75% in its 4th Bimonthly Monetary Policy statement of this fiscal today. The RBI kept the CRR unchanged at 4% and cut the ceiling for holding SLR securities in HTM books for banks by 50 bps to 21.5%. RBI mentioned that bulk of its conditions mentioned in the previous policy for further accommodation have been met and that the Jan 2016 CPI inflation target is likely to be met.
Read MoreThe Reserve Bank of India came out with the 1st Bimonthly Monetary Policy statement for the fiscal year FY15-16. On the basis of its assessment of the current and evolving macro-economic situation, the RBI kept the policy rate unchanged with repo at 7.50%.
Read MoreFinance Minister Arun Jaitley has by and large done a balancing Act in the Union Budget 2015. While it created room for better profitability for corporates with the proposal for reduction in corporate tax, the Budget announced higher infrastructure spend to rev up the ailing economy as well as plans for maintaining the fiscal deficit at acceptable levels.
Read MoreRisk and uncertainty are part of everyone’s life and the purpose of insurance is to shift this major financial loss caused due to these uncertainties from individual to insurance companies.
Read MoreOne of the choices you need to make while buying an insurance plan is whether to go for a unit-linked policy (ULIP) or a plan on the traditional platform. In order to be able to decide correctly, you should know your risk appetite, or your tolerance to financial risk.
Read MoreThe moment when a claim on a life insurance policy needs to be made is usually a sensitive one. At such times then, the last of one’s worries should be a delay in the time taken to receive the claim amount. Life insurance usually has 3 types of claims that may be made.
Read MoreA friend in need is a friend indeed. Insurance, thus act as a friend who comes to rescue when we need it the most. Risk and uncertainty are part of life great adventure, we can suffer from critical disease at any time, house or car can be destroyed because of any natural calamity or accident, there can be premature death of the earning member in the family etc.
Read MoreWith the rise in cost and standard of living these days, what is also essential is the provision of finances to support these needs. The concept of providing for these needs through credit cards has become increasingly common in such cases.
Read MoreSecond half of the calendar year is generally a busy season for the families in India. This is the season of festivals and joyousness. People from all religions celebrate their respective festivals with pomp and vigour.
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