RBI notifies hike in FDI cap in insurance sector

The Reserve Bank of India (RBI) on Wednesday notified government’s decision to raise foreign direct investment (FDI) limit in the insurance sector to 49 per cent. “The extant FDI policy for insurance sector has since been reviewed and further liberalised. Accordingly, with Continue Reading

Interest rate of Sukanaya Scheme and 5 Year Senior Citizen Saving Scheme increased by 0.1% w.e.f. April 1, 2015

Government of India increased the interest rate on Sukanaya Scheme & 5 year Senior Citizen Saving Scheme by 0.1% w.e.f. 01 April 2015.   Source: PRESS RELEASE, DATED 31-3-2015 The Press Release can be downloaded by clicking here –> Sukanya Samriddhi Scheme Continue Reading