RBI Press release on Central Board meets at Mumbai

Bank News

RBI Press release 2018-2019/1165 date November on 19.11.2018 on Central Board meets at Mumbai The Reserve Bank of India’s (RBI) Central Board met ON 21.11.2018 in Mumbai and discussed the BASEL REGULATORY CAPITAL FRAMEWORK, A RESTRUCTURING SCHEME for stressed MSMEs, BANK HEALTH UNDER PROMPT CORRECTIVE ACTION (PCA) framework and the ECONOMIC CAPITAL FRAME WORK (ECF)…

Investment in ULIPs for tax deductions

Wealth Management

Investment in ULIP is eligible for deduction under section 80C (life insurance) or 80CCC (pension) of Income Tax Act. A maximum of Rs 1,50,000 is allowed under section 80C/ 80CCC. ULIP is an integrated product of ‘insurance and investment’ developed and marketed by life insurance companies. ULIP offers investors the advantage of both insurance and…