Page-38 of Finance

New Pension Scheme posts low returns

November 4, 2011

New Pension Scheme is being promoted as long-term financial instrument for an investors old age security. But the latest data released by Government have presented a dismal picture. Investment Options in NPS: The NPS subscribers have two investment options. First ..

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FSLRC asked to review PF and small savings norms

November 4, 2011

Recently, the Financial Sector Legislative Reforms Commission (FSLRC) has been asked by the government to review of the rules governing Employees Provident Fund Organization (EPFO), government securities and small savings schemes such as public provident fund (PPF) and National Savings ..

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Suspended: New India Assurance chairman M Ramadoss

November 4, 2011

New India Assurance chairman M Ramadoss has been suspended by the Government for for alleged violations in issuing insurance cover to an airline during his stint as head of another state-run insurer. This is the second instance of action being ..

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Deven Sharma: Resigned

November 4, 2011

Jharkhand born Deven Sharma was an executive, and the president of Standard & Poor’s, a Division of The McGraw-Hill Companies. He had joined Standard & Poor’s in 2006 as executive vice president, Investment Service and Global Sales. On August 23, ..

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National Financial Switch

November 4, 2011

With a view to inter-connect the ATMs in the country and facilitate easy banking for the common man, the Institute of Development and Research in Banking Technology (IDRBT), Hyderabad conceptualized, developed and implemented the National Financial Switch. The National Financial ..

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Major Recommendation of the K J Udeshi panel of RBI

November 4, 2011

Ms. K J Udeshi is a former Deputy Governor of RBI. The K J Udeshi Panel was constituted by RBI in May on Forex dealings. Seeking improvement in individual foreign exchange transactions, the panel has said the central bank should ..

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Differentiated Bank Licences and Issues with New Licenses in India

November 4, 2011

The Indian financial system currently consists of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The commercial banks can be divided into categories depending on the ownership pattern, viz. public sector banks, private sector banks, foreign banks. ..

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Current Affairs : August 17, 2011

August 17, 2011

Competition Commission of India imposes heavy Penalty on Real Estate Giant DLF The Competition Commission of India (CCI) imposed a heavy penalty of Rs.630 Crore on real estate giant DLF for abusing its leading position CCI issued a cease and ..

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