Community & General News

Amendments to the Insurance Act, 1938

31 October 2008 at 20:39

Amendments to the Insurance Act, 1938; the Life Insurance Corporation Act, 1956; the General Insurance Business (Nationalization) Act, 1972 and Insurance Regulatory and Development Authority Act, 1999The Union Cabinet today gave its approval fo

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Statement of Finance Ministry on inflation

31 October 2008 at 20:36

The following is the statement of Department of Economic Affairs, Ministry of Finance on inflation issued here today: “Annual rate of inflation, year on year as conventionally measured, further declined to 10.68 per cent for the week

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External Commercial Borrowings policy reviewed

23 October 2008 at 14:12

Following is the text of statement of Secretary, Economic Affairs Shri Ashok Chawla made at a media briefing here today: “The External Commercial Borrowing (ECB) policy has be

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This is a time of uncertainty..

13 October 2008 at 15:49

"This is a time of uncertainty. Yet, even in a time of uncertainty there are some facts that cannot be - and ought not to be - ignored. The Indian economy continues to grow at a satisfactory rate. As recently as last week, the IMF's research departme

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RBI directs banks on charges to be levied on electronic products

11 October 2008 at 20:39

Levy of Service Charges for Electronic Payment Products andOutstation Cheque CollectionWith immediate effect, the framework of charges to be levied by banks for offering various electronic products and for outstation cheque collection service shall b

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Statement of the Union Cabinet on Financial Situation

09 October 2008 at 00:51

Following is the statement made by the Finance Minister, Shri P. Chidambaram on behalf of the Union Cabinet on the financial situation: The United States and many countries in Europe are passing through a severe financial crisis. The ripple effects o

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Certificate Course on Valuation

25 September 2008 at 13:51

Certificate Course on Valuation - (25-09-2008) The Council of the Institute of Chartered Accountants of India has, while appreciating the emerging diversities and complexities in valuation job, decided to launch Certifica

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Morgan, Goldman biz model 'flawed'

20 September 2008 at 15:15

Wall Street's hammering of shares of Morgan Stanley and Goldman Sachs, the last two investment banks standing

Posted in Community & General | 5799 Views

In bad times, Rupee has few friends

09 September 2008 at 18:36

From many takers at 40.5/$ last September, the currency is finding few at 44.5/$ now, Last September, when the rupee was at 40.69/$ and rising, exporters rushed to sell their dollars and buy rupees.

Posted in Community & General | 4398 Views

Dr. D. Subbarao is the new RBI Governor

02 September 2008 at 12:59

Dr. Duvuri Subbarao has been appointed as the next Governor of Reserve Bank of India. He will take charge of the new post after the present RBI Governor, Dr. Y.V. Reddy demits his office on 5th of this month. This was announced by the Finance Ministe

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