CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.
ASSOCHAM National council for Insurance recently hosted the 9th Global Insurance Summit 2016 – themed “Insurance: The Next Powerhouse in Financial Industry” on 16th September 2016, Mumbai. Inaugurated by the honorable Chief of IRDAI, Mr. T. S. Vijayan, the Chief Guest, the summit was attended by noted speakers and top representatives from the Indian Insurance industry.
India ranks 112 among 159 countries in the World Economic Freedom Index. The huge letdown by 10 positions as compared to 2015, is attributed to India’s scores in terms of legal system and property rights, sound money, freedom to trade internationally and regulation.
RBI to be mindful of low inflation rateswhile reviewing policies governing rate cuts, affirms Hon.Financial Minister of India, Mr. Arun Jaitley. A six-member MPC would serve to set the rates, he said.
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