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IRDAI should set up a committee to review its regulations: Experts

irdai, IRDAI

IRDAI should set up a committee to review its regulations: Experts In line with Finance Minister Nirmala Sitharaman’s budget announcement, the Insurance Regulatory and Development Authority of India (IRDAI) should set a committee of its own to review its various regulations governing the sector, said industry experts.   They also said the said committee ...

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Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS

Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS [ad_1] After the rise in interest rates of small savings schemes early this year, another bonanza has been delivered for senior citizens by the Budget. The deposit limit in the Senior Citizens’ Saving Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS) has been ...

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Parents should stop funding the expensive educational pursuits of entitled children

Parents should stop funding the expensive educational pursuits of entitled children [ad_1] About 20 years ago, when formal financial planning was just taking root in India, we did a household survey to find out about personal financial aspirations. Families were still not talking about financial goals per se. However, children and their future featured almost unanimously in every conversation. Twenty ...

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What are passive debt mutual funds: 5 things to know

What are passive debt mutual funds: 5 things to know [ad_1] 1.Passive debt funds are fixed income mutual funds which track debt or money market index in terms of portfolio.2.They invest in highquality debt instruments.3.Passive liquid funds, passive gilt funds and target maturity schemes are three types of passive debt funds.4.Since the funds are passively managed, they are relatively low ...

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4 reasons Bajaj Finance is this week’s stock pick

4 reasons Bajaj Finance is this week’s stock pick [ad_1] Bajaj Finance (BAF), a diversified NBFC, reported a strong performance in the third quarter of 2022-23 with a 40% y-o-y jump in net profit. The reported net profit was 1.7% higher than the consensus estimates of analysts compiled by Thomson Reuters-Refinitv. The performance was driven by strong customer addition, robust ...

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