Community & General News

RBI hikes REPO rate by 50 basis points

25 June 2008 at 13:51

Last Friday, Ministry of Finance had indicated that the monetary authorities were expected to take action on the demand side to moderate inflation and quell inflationary expectations.Reserve Bank of India has hiked the REPO rate by 50 basis points an

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Start investing early to reap the riches later in life

24 June 2008 at 11:51

Sameer felt like he was living a dream, when at 23, he got a campus placement in a multinational company after completing his management studies. Being the only son of well-to-do parents

Posted in Community & General | 5463 Views

All you need to know about inflation

23 June 2008 at 12:15

Why is inflation so high? The immediate cause for the big jump is the recent hike in petroleum products prices. But inflation has been building for some time due to the increase in food, steel and cement prices

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Recommendation of task force on judicial impact assessment

18 June 2008 at 17:03

The Task Force constituted by Government to study the feasibility of Judicial Impact Assessment in India under chairmanship of Shri Justice M. Jagannadaha Rao has submitted its report to the Minister of Law and Justice, Shri H. R. Bharadwaj today. Th

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RBI Drafts Norms On Mobile Payment For Banks

16 June 2008 at 17:07

The Reserve Bank of India has issued draft guidelines on mobile paymentsMobile Payment has been defined as information exchange between a bank and its customers for financial transactions through the use of mobile phones. Mobile payment involves debi

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Increase in petrol,diesel and LPG prices

04 June 2008 at 19:27

The Public Sector Oil Marketing Companies (IOCL, BPCL and HPCL) have been moderating the impact of high international oil prices, which have touched record highs. The Indian Basket of Crude oil is $ 123/bbl, having recently touched its highest level

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Exports up by 31.5% in April 2008

02 June 2008 at 15:55

India’s exports during April, 2008 were valued at US $ 14400 million (Rs.57633 crore) which was 31.5 per cent higher in dollar terms (24.8 per cent in Rupee terms) than the level of US $ 10953 million (Rs.46164 crore) during April, 2007. Indi

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Making a financial plan is imperative

26 May 2008 at 12:51

The framework has to take into account the family's goals, "If I have eight hours to cut a tree, I'll spend six hours sharpening the axe" -we all would have heard this pithy aphorism.

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RBI for watch on transactions above Rs10 lakh

23 May 2008 at 11:14

Central bank steps up vigil against money launderingAuthor : Team DNATightening the anti-money laundering norms, the Reserve Bank of India on Thursday made it mandatory for banks to report all suspicious transactions

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Comodities transaction tax to come into force by July

07 May 2008 at 14:12

The CTT, which will be administered by the Central Board of Direct Taxes (CBDT), will be levied at the rate of 0.017 per cent on sellers of commodity futures as well as options. Purchasers of options, who exercise them, will pay 0.125 per cent on the

Posted in Community & General | 4584 Views