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In 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.
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