Financial Daily from THE HINDU group of publications
Tuesday, May 24, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 24, 2005 |
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MONEY & BANKING INSIGHT 
Pension reform — Risk-sharing, the smart way to manage fundsWith over four crore workers covered under the EPF Scheme 1952, the Employees' Provident Fund Organisation is finding it difficult to meet its obligations as it has been called upon to disburse interest at rates higher than its investments fetch. The New Pension System put in place by the erstwhile NDA government, buttressed by the provisions of the Pension Fund Regulatory and Development Authority Bill, 2005, will hopefully ensure that the subscribers' interests are protected, says G. Sriniv asan. More INSURANCE CSC launches insurance tool COIMBATORE: Computer Sciences Corporation (CSC) has introduced a `Customer Service Accelerator' system for integrating the multiple life and annuity insurance transactions. The insurance administration system aims at greater operating ... More FINANCIAL POLICY Sacrificing growth to curb inflation Accretion of reserves benefits the foreign consumer, large industries and exporters, but it hurts investment. It seems, therefore, that the result of the economic policy is to not export wealth, to reduce the consumption of the Indian consumer, to hurt small industries and throttle domestic growth. More DEBT MARKET Jet Airways to pre-pay IDFC debt JET Airways India Ltd has informed the Bombay Stock Exchange that Infrastructure Development Finance Company (IDFC) has agreed to accept prepayment of its subordinated debt assistance to the company. Following this agreement the company has ... More PUBLIC SECTOR BANKS PNB opens 2 more branches in Aluva and Vytilla KOCHI: Punjab National Bank has widened its network in the State by opening two more branches in Aluva and Vytilla in Ernakulam district on Monday. With this, total number of branches of PNB has risen to 130 in the State. Speaking on the ... More
CORPORATE BONDS Emirates plans $550-m Islamic bond issue EMIRATES plans to issue next month its maiden `sukuk' (Islamic bond) benchmarked at $550 million, with a seven-year tenor. Dubai Islamic Bank will be the Mandated Lead Manager for the issue, who will also act as joint book runner along with ... More TRADE & LABOUR UNIONS SBI union flays transfer policy THIRUVANANTHAPURAM: State Banks' Staff Union (SBSU), Kerala Circle, is embarking on the warpath protesting the management's flawed transfer policy. Union members organised a demonstration in front of the State Bank of India local ... More INTERVIEW 
`Let life insurers into derivatives markets'WITH the derivatives market becoming active, there is a case for insurance companies to participate in it, according to Ms Shikha Sharma, Managing Director and CEO, ICICI Prudential Life Insurance. "When the derivatives market were just starting ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back May. 15-May. 21 Forex reserves fall $423 m Banks to get more leeway in call money market PSBs suffer 9% dip in profits, see rise in lending Shriram group picks S. African partner for life insurance foray Pvt banks as RRB sponsors seems a good bet |
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