Fwd: Today's Exclusives - IRDA chief admits pension plans were mis-sold

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Nov 17, 2011 at 5:30 PM
Subject: Today's Exclusives - IRDA chief admits pension plans were mis-sold
To: palashbiswaskl@gmail.com

 

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17 November 2011   Moneylife Exclusive IRDA chief admits pension plans were mis-sold Raj Pradhan IRDA chairman appears to inclined towards the idea of guaranteed pension product even after scrapping of the 4.5% p.a guarantee. According to him, the pension ULIPs sold prior to 1 September 2010 were mis-sold as it was not really sold for pension needs...     Other ML Exclusives   RBI to discuss Damodaran committee recommendations with IBA The apex bank will discuss the suggestions on pre-penalty on foreclosure of home loan, Internet and mobile banking with the IBA; Out of the 230 recommendation of the Damodaran Committee around 88 have already been accepted by the RBI... ............................................................................................................................................ Daily Market Report: Small bounce back possible If the Nifty manages to hold above today's low we may see a small bounce back... ............................................................................................................................................ Defaulting industrialists list is already there buried on CIBIL site The CIC through an order asked the RBI to publish list of top 100 defaulter industrialists. However, fearing backlash from judiciary, the central bank had handed over the job to publish list of defaulters against whom a suit has been filed to CIBIL... ............................................................................................................................................. Piracy at sea and the commerce behind it –Part 1 The long term solution to piracy lies in the world reverting to ships flying with the flag of their own nationality, not flags of convenience... ............................................................................................................................................ Who Should Regulate Indian Micro-Finance? Lack of a proper regulatory framework, including lack of proper supervision had played an important role in the disorderly growth of the NBFC MFIs... ............................................................................................................................................ Commercial real estate overall paints a bleak picture Phoenix Mills MC Mumbai project has Rs725.9 crore debt on its book... ............................................................................................................................................ 61 major railway accidents this year, though there has been a steady decrease over the years The Railway Board's director of safety Ashish Merhotra, while replying to an RTI query said, "Only consequential accidents involving loss of life or grievous injury or loss of property worth Rs2 crore or interruption to through traffic above the threshold value are reportable to the board"... ............................................................................................................................................ There are grey areas in mediclaim portability guidelines, says Subramanyam Subrahmanyam B, vice president & head, health vertical, Bharti AXA General Insurance, speaks to Raj Pradhan... ............................................................................................................................................ Personal finance today - Social media users on phones to exceed PC users: Nielsen - Franklin Templeton MF launches Corporate Bond Opportunities Fund - SBI, MoneyGram tie up to provide cash remittances facility   At a Glance   - Finance ministry raises investment limit in G-Secs, bonds by $5 billion each - Lupin to acquire Japan's I'rom Pharma for undisclosed sum - Food inflation eases to 10.63% for week ended 5th November - Power ministry bans Ernst & Young due to evaluation errors - iGate to delist Patni; stock up 8%   Corporate Wrap-up   - Jaiprakash Power profit soars to Rs280.65 crore in Sept - BGR Energy wins thermal plant contract worth Rs1,698 crore - Unitech sales stood at Rs2,088 crore in April-Sept FROM the ARCHIVES   Inspection reports of co-operative banks should be made public by RBI, rules CIC In a precedent setting judgement, the CIC asked for the audit and inspection report of a cooperative bank to be disclosed under the RTI Act, rejecting the central banks contention that the disclosure would lead to loss of faith in some banks and adversely affect economic interests of the state... ...................................................................................................................................................... Wellness versus illness The ghost of Adverse Drug Reactions staring at our face as the biggest cause of death in modern medicine, could be avoided if we follow the holistic management of illnesses to bring man back to his/her state of wellness...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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