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Distributors to see reduction in commissions from today
The New Year may bring challenges for distributors of financial products who had found solace in unit-linked insurance products (Ulips) after the Securities and Exchange Board of India (Sebi) had banned entry load on mutual fund instruments from August this year.

FinMin expects RBI to maintain soft monetary policy stance
The Finance Ministry today expressed hope that the Reserve Bank in its monetary policy review next week will continue the current soft policy stance.

News of the day

CWG infra, stadia to be ready in time: Gill
Allaying fears of delay in preparation for the Commonwealth Games 2010, Government today assured Rajya Sabha that all state-of-the-art stadia and infrastructure will be completed in time and security steps taken to ensure that the mega event is incident-free.
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Govt to allow private funding in setting up universities

In a significant move, the government has decided to allow private funding in setting up some of the proposed 14 national universities, which would be of world class standards. During his interaction with British Trade and Investment Minister Mervyn Davies, HRD Minister Kapil Sibal today said the government was in favour of setting up some of the 14 universities in Public-Private-Partnership (PPP) mode.


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