Tuesday, November 26, 2019

Asian stocks gain on more upbeat trade signals

As per media reports, US President Trump said on Tuesday that the US and China are close to agreement on the first phase of a trade deal after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.

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What not to miss today

Here is the important news for today.

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Banking

The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses. Also, interest rates declared under group savings products should be in such a way that there is no discrimination among identical policyholders on fund size.

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Banking

Financial institutions’ meltdown could be quicker than wax. Unlike manufacturing cos, which affect only a small set of suppliers and customers, troubles in a financial institution could lead to risk aversion and their inter connectedness could lead to even sound companies finding it difficult to access credit and meet their obligations.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OQn4Az

New group insurance norms set to promote fair practices

The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses. Also, interest rates declared under group savings products should be in such a way that there is no discrimination among identical policyholders on fund size.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Oq8gK9
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Is IBC the best way to treat bankrupt financial institutions? Here are some clues

Financial institutions’ meltdown could be quicker than wax. Unlike manufacturing cos, which affect only a small set of suppliers and customers, troubles in a financial institution could lead to risk aversion and their inter connectedness could lead to even sound companies finding it difficult to access credit and meet their obligations.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OQn4Az
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Top stocks in focus: Prestige Estates, Yes Bank, HDFC, ICICI Bank

Check out the companies which will be in focus during trade today based on recent and latest news developments.

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Bill introduced to raise cap on chit fund collections

Minister of state for finance and corporate affairs Anurag Singh Thakur said a government-constituted key advisory group (KAG) and the parliament’s standing committee on finance had both recommended changes to the legal and regulatory framework for chit funds for the orderly growth of the sector.

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Industrial Relations Code: Non-renewal of contract won’t be retrenchment

The labour code on Industrial Relations 2019, cleared by the cabinet last week, also says that fixed-term employees will get all statutory benefits like social security, wages, etc. on par with the regular employees who are doing work of same or similar nature. The Bill is expected to be introduced in parliament on Wednesday.

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