Another step to prevent misuse of ULIPs as only an investment vehicle! The Insurance Regulatory and Development Authority (IRDA) has come out with a ruling on premium payment of unit linked products that is effective from April 1, 2009. Accordingly, the premium paid from the second year onwards shall...

It is not possible for me to indulge in financial profligacy without adequate resources, said the acting Finance Minister Pranab Mukherjee, brushing aside criticism that the government was not doing enough to overcome the slowdown. However, the government recently announced a 2% cut in excise duty and...