The six-member Monetary Policy Committee (MPC) headed by RBI Governor is scheduled to meet for two days starting December 2. The resolution of the sixth bi-monthly MPC meeting would be announced on December 4.
The searches were carried out at 16 premises in Chennai, Mumbai, Hyderabad and Cuddalore on November 27, it said.</p>
<p>NICL, with a combined ratio of 160.8 per cent and underwriting losses of Rs 5,759 crore, has suffered losses of Rs 4,108 crore while OICL (141 per cent, Rs 4,197 crore) and UIIL (132 per cent, Rs 4,487 crore) have been hit with losses of Rs 1,524 crore and Rs 1,486 crore, respectively in 2019-20.
Increased demand for air travel and hotel stays by small business owners, accompanied by a rise in rural incomes and spending after two good monsoons, is helping the pandemic-hit Indian economy slowly recover.
While Reliance Industries Ltd (RIL), Infosys, HDFC, ICICI Bank and Bharti Airtel suffered losses in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Limited, Kotak Mahindra Bank and Bajaj Finance were the gainers.</p>
Not everyone can afford to invest in mutual funds or take the risk of plunging into market-linked savings or investment plans.
SBI’s Pehla Kadam account can be opened by children of any age, the Pehli Udaan account has been created for those who are above 10 years of age. Pehla Kadam can be jointly opened with a parent/guardian. It will be opened in the sole name of the minor.
