BIFS ReVU is the online journal for Banking, Insurance & Financial Services. It is the combination of daily, weekly and monthly news and revus

    Quote of the Month
Winning Horse does not know why he runs in the race. He runs because of beats and pain. Life is a race; God is your rider, So if you are in pain, then think ‘God wants you to win’.
Profiles

Mr.Hideaki Domichi,Japanese ambassador

Mr.Warren Buffett,Chairman & CEO,Berkshire Hathaway

Mr.Rashesh Shah,Chairman Edelweiss Group
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BIFS ReVU Members
Chairman
Dr.Rakesh Khurana
Executive Director
Ms.Ashita Khurana
Editor in Chief
Mr.Kalyan Datta
Technical Editor
Mr.Sudhansu S. Mishra
Consulting Editor
Mr.Rohit Grover
Managing Editor
Ms.Seema Pawa
Assistant Editors
Rajbala, Anchal Beri, Saurabh Bhardwaj, Saurabh Sehdev, Himanshu Sinha,  Shaurav Kumar
Art & Design
Tushar Kanti Ghosh, Manish Kumar,Jatendra S Bedi,Amit Gupta,Seema Yadav
Technical Assistant Editors
Sachin Sindhu, Varun Kumar, Anupam Nayek, Shaily Sangal,  Vineeta Kathuria, RajaShekhar Yapamanu, Kamal Kumar, Kapil Khandelwal,Ritesh Nagpal, Nitin Bhatia, Sachin Chaudhury, Ajay Goswami, Arun Yadav
Photography
Anuj Jagota, Ashu Gupta
Benjamin L Hmar,
Data Compilation
Sanjay Singh, Naresh Kataria, T.Hemkholen Lians, Sonu, Sushil Kumar, Ravi Agarwal
Note: Voume 1,No.3.2 is the Second  issue of March, 2008
 Regulators Sites
RBI
SEBI
IRDA
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Industry VUs
Industry cautious over 25% public holding move

FICCI opposes proposal for 25% public holding for listing

Chambers concur with thrust of Economic Survey

COVER STORY
STREE: The Power of Being a Woman

One of the lasting impressions about is India is that the entire country is seeped in antagonism. The Indian women too are an integral part of this juxtaposition- it is common knowledge that they are amongst the most oppressed in the world but several of them like Shyamala Gopinath,Chanda Kochhar,Manisha Girotra are frontrunners in several areas especially the financial sector. So is this it – are these names auguring towards a larger trend where the women are finally ready to don the mantle of industry leaders with finesse or are these just exceptions?

Now days more and more Indian women are not only opting for higher education but more importantly- completing it. This means that they are on an equal keel with their male counterparts as far as the theoretical knowledge goes. Further, still with the advent of globalization, the fairer sex increasingly is exposed to their emancipated (by a greater degree!) peers in the western world that fuels their own ambition to break the shackles and make it big.

It is a deluge as far as the job market is concerned and Indian women augmented by their newfound degrees and rediscovered confidence, are repeatedly breaching the male bastions to conquer what was earlier thought unthinkable. Another question that needs to be answered is that is education, globalization and the zeal to excel- are the only factors that are fuelling this revolution or is it something else.

Loan Waiver – poll gimmick or a masterstroke ?

The UPA government has been in self congratulatory mood ever since the Rs. 60,000 loan waiver was announced in the budget for this year.  The waiver abates 100% of overdue loans for small and marginal farmers and 25% of overdue loans for big farmers.....
ReVUs
Investment norms for insurance companies may get relaxed

The investment advisory committee of the IRDA has suggested significant changes to make the investment norms more flexible and elastic. Insura.....


What is Red Herring Prospectus?

A red herring prospectus acts as a guide and provides the necessary information so as to enable an informed investment decision whether or not.....


Articles

Mr.Kalyan Datta,KNI
Can Reducing The Tax Burden Increase Tax Collection?

Wealth Tax on shares was abolished in 1993. Before that time a company that declared good profits raised its share price, and consequently increased the amount of wealth tax payable to the government. High income tax rates, such as 56% in 199.....



Mr.Himanshu Sinha,KNI
Tougher discloser and compliance standards for Non-profit companies

Government of India is planning to introduce tougher regulatory norms for companies gettg relief under section 25 of the Companies Act. These non- profit firms do business but their profits are meant for furthering the social cause they adopt.....



Ms.Rajbala,KNI
Art funds need to be registered

Art funds which operate without the market regulator approval can face criminal and civil action. Art funds are nothing but entities which pools public money to invest in art. As per SEBI, “art funds” have characteristics of “collective inves.....



Mr.Saurabh Bhardwaj,KNI
Enigma of Capital protection fund of Franklin Templeton

Units of Franklin Templeton’s Capital Protection 3 Year dividend scheme dipped down by close to 10 per cent in value at the NSE on Wednesday, with the unit closing at Rs 51.60. The unit has been steadily shedding its net asset value ever sinc.....



Ms.Anchal Beri,KNI
Exiting from the policy: Are the doors easy to open?

A common feature of life insurance contracts is the early exit option which allows the policy holder to end the contract before its maturity date (with a penalty). It is now admitted that an early exit option is a source of risk in a volatile.....


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CEO VUs

Mr.Lloyd C Blankfein,Chairman & Chief Executive,Goldman Sachs
Goldman Sachs set to invest in business education of women
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GURU VUs

Mr. Egidio (EDGE) A. B. Zarrella, KPMG Global Partner In Charge, IT Advisory
KPO is about `intellectual arbitrage`
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BIFS ReVU December 2007
BIFS ReVU December 2007
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VUs:
Editorial VUs
Rs 64,000-crore question

Regulator VUs
SEBI to reduce time lag between opening of an issue and listing

No fresh disclosure clauses for investment through PNs: govt

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