Others News

In bad times, Rupee has few friends

09 September 2008 at 18:36

From many takers at 40.5/$ last September, the currency is finding few at 44.5/$ now, Last September, when the rupee was at 40.69/$ and rising, exporters rushed to sell their dollars and buy rupees.

Posted in Others | 4380 Views

Dr. D. Subbarao is the new RBI Governor

02 September 2008 at 12:59

Dr. Duvuri Subbarao has been appointed as the next Governor of Reserve Bank of India. He will take charge of the new post after the present RBI Governor, Dr. Y.V. Reddy demits his office on 5th of this month. This was announced by the Finance Ministe

Posted in Others | 6387 Views

Toll Free Numbers for members and students

02 September 2008 at 12:47

With a view to serve the members and students better, Institute of Chartered Accountants of India is starting two toll-free help lines - one dedicated to the members and another dedicated to students to answer their queries and resolve their problems

Posted in Others | 9252 Views

FAQs on currency futures

30 August 2008 at 13:39

What is a futures contract on the INR/USD exchange rate? It is exactly like a futures contract of Nifty or of Infosys. A futures price is traded on the screen. That pertains to the INR/USD exchange rate at a future date.

Posted in Others | 1 comments | 6312 Views

But India in no hurry to converge with IFRS

29 August 2008 at 13:07

The announcement by the Institute of Chartered Accountants of India (ICAI) in July last year notwithstanding, India may stop short of full convergence with the International Financial Reporting Standards (IFRS)

Posted in Others | 5817 Views

IFRS may affect banks' ratios

25 August 2008 at 13:29

Banks to confront challenges in loan impairment, derivatives, etc. In line with global trends, India will join the league of more than 100 countries which have converged with IFRS

Posted in Others | 5961 Views

Recommendation of 6th Pay commision

23 August 2008 at 11:18

IMPLEMENTATION OF THE RECOMMENDATIONS OF SIXTH CENTRAL PAY COMMISSION (press release) The Union Cabinet today gave its approval for implementation of the recommendations of the Sixth Central Pay Commission. The revised pay scales will come into e

Posted in Others | 24510 Views

What is IPO grading?

19 August 2008 at 01:42

A company’s first attempt of listing at an exchange is preceded by an initial public offering (IPO). Under an IPO, a company issues a certain percentage of shares to the public. But, a public issue proposal

Posted in Others | 1 comments | 6135 Views

Used wisely, money begets more money

19 August 2008 at 01:42

Personal financial planning gives a clear picture of where you are today and where you want to be. Personal financial planning, in India, is relatively a newer concept.

Posted in Others | 3729 Views

CRR hikes should have a sobering effect on demand

30 July 2008 at 11:51

Reserve Bank of India governor Yaga Venugopal Reddy released the quarterly monetary policy review, as part of which, he hiked cash reserve ratio by 25 basis points and repo rate by 50 basis points.

Posted in Others | 4197 Views