Guidelines Financial News

The Insurance Regulatory and Development Authority of India’s (IRDAI) draft circular on redesigning the policyholder surrender value through the revised concept of threshold limit and adjusted guaranteed surrender value for non-linked policies (both par and non-par) will affect the overall margins of insurance companies, if implemented in its existing shape, according to India Ratings and Research (Ind-Ra).

menopause becoming more mainstream this year, advocates in Canada are hopeful this shift could drive progress in health care and workplaces to better support women in what can be a very difficult stage in their life.In an aging population, more women in their 40s and 50s are openly talking about their own experience with menopause on social media and elsewhere.Gen X women truly have had enough. We're a different generation who demand more & we're not afraid to stand up for ourselves.Thanks to everybody who has watched, commented and liked my TEDx – sitting at 6k views & growing!! https://t.co/glXlTm4ge2#menopause #perimenopause pic.twitter.com/Gyv5FccisP— Amanda Thebe (@amandathebex) December 18, 2023 #periomenopause was tough.

The first of its kind affordable insurance product covering risks against life, health, and property, is set to be rolled out in the first quarter of the next financial year, reported Business Line. 

Ishan John Chatterjee, Director,YouTube India, says “in terms of the trends, as I mentioned before, short form video, lots of casual creation is happening there; longer form consumption happening on connected TV and screens and lots of consumption happening from non-urban, non-metro places and languages other than English and Hindi.” So, YouTube recently completed 15 years of being in India. Which categories did really well over the past few years and especially in 2023, the kind of geographies that particularly stood out for you, the genre, languages, overall what did Indians watch in 2023? Ishan John Chatterjee: This is an important year. As you said, we have completed 15 years in the country and YouTube's journey in many ways has mirrored India's own digital transformation. Now to your point about what has happened in this year, I think there are some very interesting trends that we have been seeing over the last couple of years, which have only been reinforced. So, I would say the first one is the growth of short form video as a category.

China has released draft guidelines aimed at curbing excessive spending on online gaming

cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest circular. The Central Bank of Nigeria (CBN) in February 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets, citing money laundering and terrorism financing risks.

Santosh Kumar Singh, Fund Manager, Motilal Oswal AMC, says “I still find IT very attractive, I am very bullish on capital markets and I think that the biggest financialisation is going to get played through the capital markets. Also, health has been a place where the market has been very, very bearish for multiple reasons. I think it is a space which has got very high longevity. And at the same time, this is a space where the competitive edges of the company can stay for a very long period of time. So yes, those are the two spaces I am really liking.” Talk to us about the valuation of the market. What went through your mind when you were looking at the screen the day before yesterday? All of us thought that the much-awaited correction, cleansing of froth would happen. But we barely corrected for a day and everything came back? Santosh Kumar Singh: Yes, so see if I am looking at the market, it seems the valuation is inching closer to one standard deviation on the Nifty side, right. And that is where my view is. Above that, I do not see a re-rating. Above that, a lot of froth starts to pick in so I am not expecting it to go above that. That is where the EPS growth of the market comes into play. The EPS growth seems to be doing okay, around 13-14% EPS growth for the next couple of years. So the market may give that sort of return.

Haryana Government on Saturday announced winter vacations for all Government and Private schools from January 1 to January 15, 2024. The decision comes in view of the cold wave expected in the state in the next few days. The schools will open on January 16, 2024 as per the circular issued by the state administration.

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Hong Kong’s Securities and Futures Commission (SFC) has expressed its readiness to consider applications for spot crypto exchange-traded funds (ETFs).

Japan said on Friday it would prepare to ship Patriot air defence missiles to the United States after revising its arms export guidelines earlier that day, in the pacifist nation's first major overhaul of such export curbs in nine years. The announcement comes as Japan, which had long adopted a stance of not allowing exports of deadly weapons, seeks to boost its defence industry amid an increasingly tense security environment in the Indo-Pacific. «This holds significant meaning in terms of further strengthening the Japan-U.S. alliance.

Yes Bank co-founder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020.

Indian Venture and Alternate Capital Association, or IVCA, is reportedly in discussions with central government officials to help ease the wide-ranging curbs the banking regulator imposed earlier this week on Alternative Investment Funds (AIFs), potentially choking institutional fund flows to a high-risk and hitherto lightly regulated investment vehicle experts believe could be misused to evergreen doubtful corporate loans. SIDBI, which loans funds to small industries, and various AIFs are simultaneously seeking clarity or relief amid the sudden changes in AIF investments ordered by the Reserve Bank of India (RBI). «The industry association had a meeting with senior government officials and expects some relief or clarity within the next 30 days,» said a source at the grouping that represents the interests of private equity and venture funds.

₹775.6 crore, where repayments were overdue by over six months, to an asset reconstruction company. “The bank received a binding bid of ₹280.39 crore, or 36.15% of outstanding pool for the said non-performing asset (NPA) portfolio, on (an) outright cash consideration basis," the bank said in a regulatory filing on Thursday, without naming the ARC. Bandhan Bank said it opted for a Swiss Challenge auction for selling the soured loans.

bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020.

According to forecasters, the northern regions are expected to experience 80mph winds while rainy conditions are anticipated throughout the festive period. In contrast, London residents might have a milder Christmas, with forecasted highs of 12C.

Covid samples for RT-PCR test amid an uptick in coronavirus cases, officials said on Thursday. The department has also ordered them to conduct the genome sequencing of Covid-positive RT-PCR samples, they said.

EV battery for optimal performance and efficiency. The battery is the most expensive component of an electric vehicle, so taking precautions is crucial. While charging your electric vehicle is a regular practice, there are certain things you should avoid to ensure the longevity of your battery. Firstly, it is important to avoid charging your electric vehicle to 100% or letting it drain completely. Both of these practices can strain the battery and contribute to its deterioration. It is recommended to maintain the charge level between 20% and 80% for regular daily use. In addition, excessive use of fast chargers should be avoided, especially for regular daily charging needs. While fast charging is convenient, it can cause the battery to heat up rapidly, leading to increased wear and tear.

Election Commission has asked political parties not to use derogatory words for persons with disabilities in public discourse, saying usage of such semantics in speech by politicians and candidates can be interpreted as an affront to such people. In an advisory issued to parties on Wednesday, the poll panel said the very foundation of democracy lies in representation of all communities in the electoral process. «Of late, the Commission has been made aware of use of derogatory or offensive language in the political discourse about people with disabilities (PwDs).

Personal finance has to do with the way you handle your money. Everybody just simply wants a hack that can multiply their money manifolds. Amassing wealth is not like a two-minute instant noodle, it's a process that involves a balance of budgeting, saving, and investing. Of course, there are some thumb rules when it comes to personal finance. These thumb rules can be used by those who are just beginning their financial journey as well as others who are already on their path. There's no ‘one size fits all’ funda and these rules only provide you with a basic understanding.

Covid is spiking again. Just how serious is it now? JN.1 Covid variant: 21 cases found in India, highest detected in THIS state Covid’s new strain JN.1 not a cause for immediate concern: Centre COVID-19: Mumbai leads with 8 out of 11 Maharashtra cases; virus tracking sought JN.1 (BA.2.86.1.1) variant emerged in late 2023 and is a descendant of the BA.2.86 lineage (Pirola) of SARS-CoV-2.