GIC to be converted into reinsurance firm
"As per the law, GIC will be converted into the Indian reinsurance company slowly," Minister of State for Finance Balasaheb Vikhe Patil told reporters after an Assocham seminar on Insurance and Information Technology.



Confidentiality in VDIS '97 cannot be ensured -- CAG
The CAG of India has questioned the efficacy of maintaining confidentiality of declarants under the Voluntary Disclosure of Income Scheme '97 and observed that the secrecy clause has no meaning except for a limited purpose.



Rupee trend is reversing -- Kumar
The present level of the Indian rupee is satisfactory and the depreciating trend is reversing, Union Minister of State for Finance V Dhananjaya Kumar said on Tuesday.



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