Page-39 of Finance
Current Affairs : June 16, 2011
Short term lending and borrowing rates hiked by 25 basis points by the RBI The RBI raised the RR (Repo Rate) and the RRR (Reverse Repo Rate) by 25 basis points This was to combat inflation RR raised to 7.5% ..
Month: Current Affairs - June, 2011
Category: Government Schemes Current Affairs
Broker
In the world of finance and investments, a stock broker plays a crucial role as an intermediary between investors and the stock market. A stock broker is a member of a Stock Exchange who acts as an agent for clients, ..
SEBI versus IrDA : The ULIP Battle : Featured Article
Recently, India’s market watchdog SEBI banned 14 insurance companies from raising funds from ULIPs, stating that they have not registered their product with SEBI, so they can’t issue new ULIPs. The companies affected were: Aegon Religare, Aviva , Bajaj Allianz, ..
Month: Current Affairs - April, 2010
Category: Government Schemes Current Affairs
Business & Economy : October 26-27, 2009
October 26, 2009 : ING seperates Banking and Insurance Business.ING group will move towards a complete separation of its banking and life insurance operations as part of its ongoing Back to Basics programme.This seperation will be achieved over the next ..
Month: Current Affairs - October, 2009
Current Affairs : Business & Economy
October 21, 2009: ONGC registers fifth clean development project with the UN Framework Convention on Climate Change.Oil and Natural Gas Corp (ONGC) has registered its fifth clean development mechanism (CDM) project with the UN Framework Convention on Climate Change. What ..
Month: Current Affairs - October, 2009
Category: Government Schemes Current Affairs
S. C. Gupta Panel for Control on Money Lenders in India
RBI announced in the ‘Annual Policy Statement for the year 2006-2007’ the setting up of a Technical Group to review legislations on money lending for : reviewing the efficacy of the existing legislative framework, which governs money lending, reviewing the ..
Month: Current Affairs - September, 2009
RBI’s Financial Literacy Drive Programme for Financial Inclusion
The idea behind the Financial inclusion is that all people or every household in the country must have an operative account in a bank. To achieve 100 per cent financial inclusion across the country,Reserve Bank of India has decided to ..
Month: Current Affairs - September, 2009
India’s first Islamic bank will open in Kerala by 2010
What is a Islamic Bank? Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the ..