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Investments around the world are ready to rock 2011

December 5, 2010 471 Views 0 comment Print

From the struggling economy of US to the emerging economies every one is ready with their investment ideas and strategies. In this series of article we will present a host of economies where inside investments as well as cross border investment will be discussed. In my first issue we are glad to present you investments “In China”.

Govt begins hunt for 8 public sector bank chiefs

December 5, 2010 438 Views 0 comment Print

The government has begun the process for selecting chiefs of at least eight public sector banks, including the country’s biggest lender SBI, where top position would fall vacant in the next fiscal. Kicking off a process that might take at least 4-5 m

Now, you can't buy mutual funds without a PAN card

December 5, 2010 597 Views 0 comment Print

All mutual fund investors, new as well as existing, will need to mandatorily furnish their PAN (Permanent Account Number) details from next year irrespective of the size of their investment. The move is part of the revised Know-Your-Customer (KYC) co

CWA and CAT December 2010 Exams Admit Card/Hall Ticket available for download – ICWAI

December 5, 2010 600 Views 0 comment Print

CWA and CAT December 2010 Exams Admit Card/Hall Ticket available for download official links of ICWAI . CWA Exam Admit Card/Hall ticket – Download Link CAT Exam Admit Card/Hall ticket – Download Link Any problems/Queries regarding Hall tickets – h

Maharashtra State Co-operative Bank shown Profit of 287 crore instead of Loss of 1043 crore

December 5, 2010 387 Views 0 comment Print

The Maharashtra State Co-operative Bank, run largely by Nationalist Congress Party (NCP) leaders, has turned its loss of Rs 1,043 crore in 2009-10 into a profit of Rs 2.87 crore. The wrongdoing was exposed by the auditors of the bank, whose chairman is NCP leader Manikrao Patil and 40 of whose 77 directors are linked to the party. Patil, it is believed, is a puppet in the hands of Deputy Chief Minister Ajit Pawar, who has virtually been running the bank for the past 17 years. Pawar, whose motto is transparency in administration, has ignored the bank’s violation of general accounting standard norms in an attempt to hide the huge loss.

Eligible government employees with a bright career should not be deprived of promotional avenues

December 5, 2010 540 Views 0 comment Print

The Allahabad High Court has ruled that eligible government employees with a bright career should not be deprived of promotional avenues. The denial of promotional avenues with the intention to adjust others shall have demoralising effect

Online payment platform can save government a Rs 1,00,000 crore a year- McKinsey

December 4, 2010 450 Views 0 comment Print

An estimated annual savings of around Rs 1,00,000 crore makes a compelling case for the government to make a one-time investment of Rs 60,000-70,000 crore to build an electronic payment platform for all its transactions with individual households

Sebi may tighten disclosure norms to check manipulation

December 4, 2010 642 Views 0 comment Print

Amid several instances of market manipulation , capital market regulator Sebi may tighten disclosure rules to check operators and company promoters cutting bulk trades outside the regulator’s radar, feel fund managers and brokers. It is common knowle

CBI website hacked

December 4, 2010 675 Views 0 comment Print

On a day when India’s premier investigating agency Central Bureau of Investigation (CBI) is swamped with the investigation of major corruption cases, in a major embarrassment, its website has been hacked. People who logged on to the CBI’s official ho

Government losing 100 crore a day due to stoppage of production by cigarette companies

December 4, 2010 477 Views 0 comment Print

Meanwhile, experts have dismissed the claims of any co-relation between the presence of pictorial warnings and cigarette sales even as overall sales figure in the country has not registered much growth over the past few years. “There is no growth in

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