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Rural Postal Life Insurance Fund

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Rediff's Wave Rider Retires!

 After steering the Rediff mothership for close to 29 years, Ajit Balakrishnan, founder, chairman and CEO, did what few businessmen in this country do -- R-E-T-I-R-E. On August 2, 2024, we were......

TEXT: President Patil's last address to Parliament

 President Pratibha Patil on Monday addressed Parliament for the last time as President when she flagged off the Budget session. Here's the text of her speechHonourable Members I welcome you to this......

No more special rates for postal insurance

 The finance ministry will no longer offer special rates to the department of posts for deposits under the Postal Life Insurance Fund and the Rural Postal Life Insurance Fund.The move will result in......

Sebi doubles retail limit, tightens IPO norms

 The Securities and Exchange Board of India (Sebi) has increased the application limit for retail investors to Rs 2 lakh, from Rs 1 lakh at present. The decision was taken at the regulator's board......

Postal department can invest in stocks

In a bold initiative, the Centre has allowed the department of posts to invest about Rs 10,000 crore (Rs 100 billion) from its life insurance schemes in the stock markets for better returns. "The......

DoP aims to turn banker

 The department of post is planning to offer banking services by starting a full-fledged bank, to be named Post Bank of India. The communications and information technology ministry has started......

SBI, UTI MFs to manage postal funds

 The government on Thursday appointed PSU mutual funds UTI MF and SBI MF as managers of the corpus lying with postal and rural life insurance entities, a move that could lead to investment of the......

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