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Franklin Templeton Announces Dividend In TIGF & TIPP plan
Franklin Templeton Investments (India), one of the largest fund houses* in the country has announced dividends in Templeton India Growth Fund (TIGF) and Templeton India Pension Plan (TIPP) as given below. All investors registered in the Dividend Plans of the respective funds as on December 16, 2009 will receive the dividend. In addition to the dividends, investment of up to Rs.1 Lakh TIPP during the current financial year (09-10) would also be eligible for tax benefits under Section 80 C of the Income Tax Act.

3G auctions run into fresh storm
Finance Minister Pranab Mukherjee"s ambition to collect Rs 30,000 crore from the auction of third generation (3G) telecom licences this year is in jeopardy, with the department of telecommunications (DoT) saying it is being forced to curtail its auction plans from four slots to three.

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Gold to hover around Rs 16,000 this week
Gold prices will continue to remain bullish and are expected to hover around Rs 16,000 this week as the US dollar is showing a weakening trend amid a better demand for the metal in the domestic market, analysts said.
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Insurance sector to see 10% growth in 5-6 year: IRDA

The Insurance sector is expected to witness a compounded growth rate of 10 per cent in 5-6 years, IRDA Chairman J Hari Narayan said today. - India third largest eco by 2050: US think tank - PM to focus on 9% growth rate for next few yrs - Shell Lubricants says India to be key driver of its growth - Credit growth at over 9%, slowest in 12 yrs - Better times ahead for banking sector - India"s economy may grow by 6-7% in FY10: CII Even though the awareness about general insurance products have grown in India, insurance penetration was still among the lowest in Asia, he said at the annual summit of Insurance Brokers Association of India. On IBAI"s demands on renewal of policies, he said there are 296 licenced brokers and 62 renewals are pending and are expected to be cleared soon. Renewal of licences in 2009 has not been smooth due to complaints of inadequacies in compliances to IRDA rules by brokers, he said. On the Swarup Committee recommendations, he said they were basically aimed at investor protection. Though he agreed that the exact quantum of commission received by the financial intermediary be disclosed, Narayan differed with Commission on the issue of not embedding commission in the premium and adopting a fee-based structure.


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