Community & General News
SBI to review deposit, lending rates: Bhatt
13 August 2010 at 10:00SBI to review deposit, lending rates: Bhatt The country's largest lender State Bank of India on Thursday said it will take a call on hiking deposit rates and lending rates for existing borrowers by at least 25 basis points. "There is an
Indirect Tax Collections Increases by 46.2 % during April-July, 2010
13 August 2010 at 09:48Indirect Tax Collections Increases by 46.2 % during April-July, 2010 Customs, Central Excise and Service tax revenue collections have increased by 46.2 percent at all India level during April-July 2010 over its corresponding period April-Ju
RBI proposes foreign investment in pvt banks below 50%
12 August 2010 at 10:27RBI proposes foreign investment in pvt banks below 50% The Reserve Bank on Wednesday suggested lowering the foreign investment limit in new private sector banks to below 50 per cent from 74 per cent currently, in order to strengthen the local bank
Entry of New Banks in the Private Sector - Discussion Paper
11 August 2010 at 17:19Entry of New Banks in the Private Sector – Discussion Paper
Increase in Pension to Industrial Workers under EPS-1995
11 August 2010 at 17:03Increase in Pension to Industrial Workers under EPS-1995 It is true that the minimum pension granted under the Employees’ Pension Scheme to industrial workers after the year 2000 has not been increased. This has not been possible as the ann
Eleven Aayakar Seva Kendras to be Set-up in 2010-11
11 August 2010 at 10:54The Government has decided to set up Aayakar Seva Kendra at following 11 locations during the current financial year 2010-11: S.No. State
Financial Inclusion High on The Agenda Government - Several Measures to Extend Banking Facilities to Excluded
11 August 2010 at 10:51Financial Inclusion High on The Agenda Government Several Measures to Extend Banking Facilities to Excluded Population Financial Inclusion is an important priority of the Government as only 37% of bank branches of Scheduled Commercial Banks are i
Special Tax Benefits and Facilities in SEZs
11 August 2010 at 10:48Special Tax Benefits and Facilities in SEZs Special tax benefits/facilites are offered to Special Economic Zones (SEZs) in the country. They include: I. Duty free import/domestic procurement of goods for development, operation and mainten
Mitigation Of Financial Hardship Of Common Man
11 August 2010 at 10:45Mitigation Of Financial Hardship Of Common Man The Reserve Bank of India (RBI) has issued directives to banks on lending under Priority Sector. As per extant guidelines of RBI on Priority Sector Lending (PSL) (available at www.rbi.org.in), the Dom
RBI Issues Master Circular on Credit Card Operations W.E.F Ist July, 2010
11 August 2010 at 10:32RBI Issues Master Circular on Credit Card Operations W.E.F Ist July, 2010 In order to ensure that Banks/ Non-Banking Financial Companies (NBFCs) run their credit card operations in a fair and regulated manner, Reserve Bank of India (RBI) had issue
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