Community & General News
Recommendation of task force on judicial impact assessment
18 June 2008 at 17:03The 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
RBI Drafts Norms On Mobile Payment For Banks
16 June 2008 at 17:07The 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
Increase in petrol,diesel and LPG prices
04 June 2008 at 19:27The 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
Exports up by 31.5% in April 2008
02 June 2008 at 15:55India’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
Making a financial plan is imperative
26 May 2008 at 12:51The 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.
RBI for watch on transactions above Rs10 lakh
23 May 2008 at 11:14Central 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
Comodities transaction tax to come into force by July
07 May 2008 at 14:12The 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
RBI issues norms regarding recovery agents
29 April 2008 at 09:05In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent past, it is felt that the adverse publicity would result in serious reputational risk for the banking sector as a whole.
Stamp duty payment to be made online
29 April 2008 at 08:53Stamp duty payment to be made onlineThe government is all set to instigate a centralized electronic stamp duty payment and online vetting of charter of new companies, irrespective of the states where they are set up. Entrepreneurs will soon be
RBI hikes CRR by 50 basis points
19 April 2008 at 01:21Joining the government in battling the skyrocketing inflation, the Reserve Bank of India (RBI) today hiked the cash reserve ratio (CRR) by 50 basis points to 8%. The ratio indicates the amount of money banks have to keep with RBI as a percentage
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