This Department has been receiving a large number of requests from various stakeholders seeking clarifications on the provisions of FDI policy. It is noted that many of the requests for clarification do not provide specific/ adequate details of the proposal. As a result, this Department is unable to take decision/ provide clarifications on such references.

The primary objective of the Finance manager is always to increase the wealth of the shareholders in long term. And this objective is also compared with the profit maximization objective of the corporation and almost all the authors believe that Wealth maximization is superior objective than Profit Maximization.

The Special Judge for CBI Cases, Chennai has convicted Shri. R. Lakshmi Narasimhan, then Assistant Manager of Indian Overseas Bank, Mylapore Branch ,Chennai to undergo Rigorous Imprisonment for seven years with a fine of Rs 3 crore. His brother Shri R.Gurumurthy and his father Shri. N.Radhakrishnan ( private persons ) have been sentenced to undergo three years Rigorous Imprisonment with fine of Rs. 20,000 each .

Under-Recovery on Diesel effective 1.5.2013 declines sharply to Rs 3.80 per litre OMCs incurring Daily Under-Recovery of Rs 256 Crore Under-recoveries on Domestic LPG and PDS Kerosene lower at Rs 378.38 per cylinder & Rs. 27.93 per litre respectively Total Under-Recoveries during 2012-13 significantly higher at Rs 1,61,029 crore Daily Crude Oil Price for Indian [...]

Government issued order enhancing the Dearness Allowance payable to Central Government Employees with effect from 1.1.2013 from the existing 72% to 80%.

According to one estimate, Indian households alone holds gold wroth over Rs. 70 lakh crores. The fundamental reason for buying gold and jewellery is deep rooted in Indian culture itself, besides being considered auspicious for weddings etc. Besides, Indian peasants are also gold obsessed to a large extent.

Railways has reduced advance booking period from four months to two months from May 1 as part of its efforts to prevent touts from cornering bulk of tickets.

The Election Commission (EC) has decided to accept PAN card, driving license and Aadhar letter as valid documents of proof of date of birth, which can be submitted by an applicant for registration as an elector, an official said on Wednesday.

 According to statistics of Supreme Court; there are over 40 lakh pending cases of cheque bounce in the country. Lack of adequate knowledge has brought most of people in the situation of losing money. Here are some of the remedies a person can opt for while dealing with issues pertaining to return of cheque:

Q.1. What is NEFT System? Ans National Electronic Funds Transfer (NEFT) system is a nation wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch. Q. 2. Are all bank branches in the system part of the funds transfer network? Ans No. As on January 31, 2007, 18500 branches of 53 banks are participating. Steps are being taken to widen the coverage both in terms of banks and branches.