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Finance : The focus is on converting savings into investments rather than leaving them idle. The key takeaway is that disciplined investing ...
Finance : This guide explains why senior travellers should review travel insurance coverage, organise medical records, and plan ahead before...
Finance : The article explains how local Indian phone numbers enhance credibility and accessibility for international businesses. It highlig...
Finance : The article explains how borrowing within your affordability and understanding total loan costs can make loan management easier. I...
Finance : The article examines how ATMs are facing cash shortages even though currency circulation is at an all-time high. It argues that ba...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...
Finance : The IFSCA clarified that retrocession and retention requirements apply to the entire gross reinsurance premium of IFSC Insurance O...
Finance : The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory defin...
Finance : The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples ...
Finance : The Supreme Court ruled that vicarious liability under the NI Act cannot arise solely from holding an office in a society or compa...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Finance : The Supreme Court held that insolvency proceedings under the IBC cannot be invoked merely to recover disputed dues arising from co...
Finance : The issue was whether indemnity obligations arise only after final appellate confirmation. The Supreme Court held that liability a...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
Finance : IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporati...
Finance : IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aim...
Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
In just nine months since the launch of the Aadhaar project in Maharashtra, UIDAI has issued one crore Aadhaar numbers. 52 year old, NK Chheda from Maharashtra has the distinction of being the resident whose Aadhaar number was generated on reaching this milestone. Coincidentally, the first resident to get the Aadhaar number, Ranjana Sonawane, is also a resident of Maharashtra. She received her number on 29th September, 2010 in Tembhli village of Nandurbar district.
The government has hiked petrol and diesel prices by a marginal Rs 0.27 a litre and Rs 0.15 per litre respectively following increase in the commission paid to petrol pump dealers. The government approved raising dealer’s commission paid on petrol from Rs 1.218 per kilolitre to Rs 1,499 per kl, resulting in a Rs 0.27 per litre increase in retail price with effect from midnight, an official said here.
Asserting that he has no hesitation in subjecting himself to the jurisdiction of Lokpal, Prime Minister Manmohan Singh on Wednesday ruled out inclusion of higher judiciary within the ambit of the anti-corruption ombudsman. Bringing higher judiciary under the jurisdiction of the Lokpal would be contrary to the Constitutional scheme of things, he said while voicing confidence that a national consensus would be evolved on the proposeed Lokpal Bill.
Social networking site Facebook will next month introduce a payment system ‘Facebook Credits’ for Indian users who could spend the virtual currency across various games or applications they use on the popular website. A virtual currency, Facebook Credits is already popular among gaming enthusiasts in many other countries, including the US.
The salient features of the All India Railway Time Table Encouraged by the public response over the past few years all the user-friendly features of Trains at a Glance viz. how to read a table, route map, station index, trains between important stations, station code index, Train number index, Train name index, has been retained. Five digit numbering scheme for train services has come into force from 20th December, 2010. This has been necessitated as the numbers in four digit numbering scheme got exhausted as also to enable capture of all types of passenger train services viz. Duronto, Rajdhani, Shatabdi, and other Mail/Express services, sub-urban, holiday specials, etc. on Indian Railways. The five-digit train numbering has been accordingly indicated in Trains at a Glance.
Relatives of jailed former Union minister A Raja including his wife and brother were today questioned by the Income Tax department. Raja’s wife Parameswari and his brother A Ramachandran besides two other relatives were quizzed at the regional I-T office for about three hours.
Nearly 121 central government employees, including one from CBI, are under Central Vigilance Commission (CVC) scanner for their alleged involvement in corrupt practices. Railway ministry topped the list with 23 officials under CVC scanner, 17 are from DoT, 12 from Bureau of Indian Standards, seven from Central Board of Excise and Customs, six each from DDA and MCD among others, a CVC report said.
Central Information Commission (CIC) has drawn the attention of the CMD of the State Bank of Bikaner & Jaipur to the issue of sanctioning of applications under Pradhan Mantri Rozgar Yojana (PMRY) and to revisit the matter and direct branch managers of all branches of the bank in the state of Rajasthan and outside the State to review the reasons for turning down applications made under PMRY. Information Commissioner Smt. Deepak Sandhu gave this instruction to the Bank in its decision dated 27 June, 2011on an appeal filed against the State Bank of Bikaner & Jaipur regarding the refusal by the Kishangarh Rainwal branch to give reasons for the rejection of 38 applications (out of 80) made under PMRY. These applications were made during the period of 5 years prior to 10 October 2007. During the hearing respondent bank stated that each branch was given a target under this PMRY and it was possible that once the target had been achieved, the other applications were not considered.
– I did not expect the effect of shock injection of liquidity into the system by the United States. I could not anticipate that the Middle East would once again go into turmoil. Commodity prices, food prices, energy prices are variables over which we have no control. And if you exclude these I think the rest of the inflation is still marginally above what would be considered as inflationary. Now we have the no magic wand to bring down international commodity prices – particularly of food grains – we cannot force our farmers to part with their food grains for procurement at unreasonable prices. That will be suicidal to our farmers. One thing what this Government has done is, it has increased the procurement prices in a manner like no one has increased in the history of the country. (Interjection : That is the root of the problem.) No it may be the root of the problem but that is also our safety net. That agriculture is in good shape. That we have all time high stocks of foodgrains. We have at long last been able to reach out to large numbers of our people.
Qatar’s Supreme Council for Health (SCH) has warned against the use of Dr Ming’s Herbal Tea, produced by Chinese Angel Export and Import Company Ltd and used for slimming and weight reduction. SCH’s pharmacy and medicine monitoring department said the product contained the chemical element Sibutramine, an appetite suppressant found in weight-loss drug Reductil, which is banned all over the world on the grounds it can cause cardiovascular problems and strokes, Qatari daily Gulf Times has reported.
