The retirment fund manager EPFO trustees today decided not to invest a portion of Rs 5,00,000 crore funds in the stock market in view of Finance Ministry’s refusal to provide any guarantee on returns and safety of such investments. “We don’t want t
The Reserve Bank today warned the public to not fall prey to fictitious offers of large prize money through e-mails, letters and other electronic modes of communications on payment of service charges. “Such offers (of large prize money from abroad)
Prime Minister Manmohan Singh on Wednesday said India needs to develop a corporate debt market to meet the projected investment of $1 trillion required to sustain the country’s economic growth rate in the 12th Five-Year Plan (2012-2017). A corporate
The CBI today questioned ADAG chairman Anil Ambani amid allegations that his group received favours from former Telecom Minister A Raja in getting dual technology and a role for Reliance Telecom in promoting Swan Telecom. Ambani, 51, arrived at the
Under attack for high food prices and slow reforms, Prime Minister Manmohan Singh today said the UPA has not given up its economic agenda and promised clear measures in the upcoming Budget. Exuding confidence that inflation rate should be “no more th
Union Finance Minister Shri Pranab Mukherjee will leave for Paris tomorrow evening on a three days visit to attend G-20 Finance Ministers and Central Bank Governors’ Meet on 18th and 19th February, 2011. He will return to national capital on Sunday,2
Prime Minister Manmohan Singh said on Wednesday that the government has not given up on reforms. More reforms will be unveiled in the 2011-12 Budget, said the Prime Minister. He, however, blamed the Opposition for delaying the introduction of crucia
Software vendorwise percentage of correction TDS/TCS statements accepted and rejected at TIN central system for the period October 1, 2009 to December 31, 2010
Under the current Visa regime, a Research Visa (RV) is given to Research Professors or Scholars and to Foreign Nationals (FN) attending research Conferences/Seminars/Workshops. The Ministry of Home Affairs (MHA) has recently come out with the FAQ’s o
The Reserve Bank of India (RBI) said on Thursday that all deposit taking non-banking financial companies (NBFCs) should maintain a minimum capital ratio consisting of Tier-I and Tier-II capital of 15% from March 31, 2012. Earlier such NBFCs had to maintain a minimum capital ratio of 12% of the aggregate risk weighted assets on the balance sheet and of risk adjusted value off-balance sheet items.
