DPIIT notifies 100% FDI in insurance intermediaries under automatic route

  New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday notified the government's decision to allow 100 per cent foreign direct investment (FDI) in insurance intermediaries.   Intermediary services include insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrators, surveyors...


Britain’s Financial Conduct Regulator admits data breach

Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details of people who had made complaints against the watchdog in 2018 and 2019, on its website.   The FCA said on Tuesday, the private data, which...


Catherine McGuinness, Chair of the Policy and Resources Committee, City of London Corporation

``There will be a post-Brexit trade deal between India and the UK''

  How is City of London preparing for Brexit as it is now very certain? Departure from the EU on 31st January is just the end of phase 1 of the Brexit process.  The future trading relationship still needs to be resolved, and negotiations will be...


Negative interest rates turn saving, borrowing upside down

  FRANKFURT: Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest.   Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many...