Others News

One per cent Interest Subvention on Housing Loans upto Rs.15 lakh with cost of the house not exceeding Rs.25 lakhs

25 October 2011 at 16:43

The Union Cabinet today approved the proposal under 1% interest subvention on housing loan scheme liberalising the limit of housing loan upto Rs.15 lakh where cost of the house does not exceeding Rs.25 lakh from the present limit of Rs.10 lakh and R

Posted in Others | 8 comments | 11049 Views

RBI to hike key rates again; auto, home loans to cost more

25 October 2011 at 12:44

The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. Wit

Posted in Others | 3 comments | 4581 Views

Business confidence on the decline: CII

24 October 2011 at 10:29

Uncertainty surrounding the global economy, rising cost of inputs and high interest rates have led to a decline in business confidence during the current quarter, especially among smaller firms, according to a survey by the Confederation of Indian

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Your loans to get costlier; RBI set to hike rates

24 October 2011 at 10:29

The Reserve Bank of India is expected to raise interest rates in its mid-year monetary policy review on Tuesday — the 13th time in 19 months —to cool inflation that has remained stubbornly high during the past few months. For consume

Posted in Others | 2 comments | 5496 Views

SC wants separate account for F1 entertainment tax

22 October 2011 at 17:30

Jaypee Sports International Ltd, organizer of Indias first Formula One (F1) Grand Prix, was directed by the Supreme Court on Friday to deposit 25% of ticket sale receipts in a separate account. The court passed the interim order in

Posted in Others | 1 comments | 6483 Views

Sebi vigilance chief issues probity call

22 October 2011 at 17:30

The chief vigilance officer of Indias stock market regulator has sent an internal mail to all employees saying his office has been getting complaints alleging that some officers are in constant touch with others to settle cert

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Need for Better Co-Ordination Between Monetary and Fiscal Policies for Improving Overall Economic Stability and Growth : FM

22 October 2011 at 10:28

The Finance Minister Shri Pranab Mukherjee has said that the present global economic developments and more particularly the sovereign debt crisis of Europe has once again brought into focus the need for better co-ordination between monetary and fi

Posted in Others | 2517 Views

Finance ministry suggests reconciling accounting standards

21 October 2011 at 18:00

In a move that can help solve corporate litigation with the tax departments and mark a step forward in Indias commitment to implement International Financial Reporting Standards (IFRS), the finance ministry has suggested reconciliation of G

Posted in Others | 1 comments | 9060 Views

RBI may hold fire after 25 bps hike

19 October 2011 at 13:11

The task before the Reserve Bank of India (RBI) as it prepares to unveil the second quarter review of monetary policy is tricky. Headline wholesale price inflation (WPI) continues to be sticky, close to double-digit levels in provisional terms. Al

Posted in Others | 3036 Views

RBI against letting MFIs collect small deposits

19 October 2011 at 13:11

Indias central bank has objected to a government proposal to allow microlenders to collect small deposits from poor borrowers. The Reserve Bank of India (RBI) has said it is concerned about the safety of the money deposited with microlend

Posted in Others | 3321 Views