The regulatory authorities in the nation’s financial sector and the Federal Ministry of Finance yesterday met in Lagos with a resolve to jointly take measures to preserve and promote the continued vibrancy, liquidity and buoyancy of the capital market.

Hyderabad, Aug. 28 The new investment norms announced by the Insurance Regulatory and Development Authority (IRDA) will apply to all entities in the insurance industry, including Life Insurance Corporation (LIC).

The government on Friday approved the much-awaited comprehensive insurance bill, which seeks to raise foreign direct investment cap in private sector to 49 per cent from 26 per cent, and said it would be tabled in the Parliament in December.

When the topic of our international finance centre is being discussed by the Government and even by some within our financial community one gets the distinct impression that such a centre is to be established, not as a vehicle to facilitate economic diver

The newest scandal facing the Government Service Insurance System (GSIS), in particular the turning over of some P1 billion in dividends to the national coffers in Dec. 2004, can be seen in different ways, depending on how one wants to look at it.