Pension fund regulator from January 1

The finance ministry has notified the formation of the Pension Fund Regulatory and Development Authority.From January1, the PFRDA will manage the pension scheme for new government employees and......

Govt eyes 200 mn new bank accounts in a year

The Narendra Modi government will ask banks to open 200 million accounts in a year from this Independence Day. The Sampoorn Vittiya Samaveshan Mission aims not just to open bank accounts but to......

Uniform KYC Norms On The Cards

Illustration: Uttam Ghosh/Rediff.com   Days after the Financial Stability and Development Council (FSDC) discussed a proposal to bring out uniform Know Your Customer (KYC) norms, the......

State pension funds may invest more in stocks

Finance Minister Arun Jaitley, who wants pension and insurance funds to invest more in equities and infrastructure, could make a decision soon. India is considering allowing state retirement funds......