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Mumbai: From October 1, life insurance companies will pay you a surrender value even if you surrender your policy after completion of the first policy year. The Insurance Regulatory and Development...
Why RBI’s G-SAP is a masterstroke The OMO clone will facilitate govt’s big borrowing plan at a lower cost, by bringing certainty to timing & amount of bond buys In the recent bi-monthly monetary policy announcement, the RBI promoted a new programme — the Government Securities Acquisition Program (G-SAP). The initiative is believed to be a counterpart of Open Market Operations (OMOs) — the purchase and sale of government securities (G-Secs) by the RBI on behalf of the government — to reduce the volatility in the bond market. Keeping the policy rates unaffected, the RBI continued its...