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On historic trip, Obama backs sovereign state of Palestine

United States President Barack Obama, on a historic trip to the West Bank, on Thursday told Israel that its settlement activities were "not constructive" for peace in the region, and pledged his......

Awesome PHOTOS of the month: October

Here are some of the best photographs clicked across the globe in the month of October. Jiejin Qiu, who is six months pregnant with her first baby, poses underwater during a photo shoot at a local......

Five issues that will top Xi's agenda

Chinese President Xi Jinping has suggested the five thrust areas to improve relations with India. It is likely all these issues, in addition to the points raised by Xi at the BRICS summit, will be......

Can Modi, Abe completely rework the India-Japan ties?

Prime Minister Narendra Modi enjoys a close relationship with Shinzo Abe. For Abe, "a strong India is in the best interest of Japan, and a strong Japan is in the best interest of India." After......

Dialogue only option to resolve Gaza crisis: India

India has said the current crisis in Gaza can be resolved through a negotiated political settlement and dialogue remains the "only viable option" to effectively address issues confronting the......

RBI staff on strike on Feb 20

The normal operations, including payment and settlement activities in the Reserve Bank of India (RBI), are likely to be affected on Friday with its employee unions going on one-day strike to press......

RBI panel to look into predatory lending

The Reserve Bank of Indiahas set up an internal committee to frame guidelineson predatory lending and is exploring the possibility of extending the Usurious Lending Act to banks.The move comes at a......

RBI to regulate MasterCard, Visa

The Reserve Bank of India (RBI) plans to bring global payment systems such as MasterCard International and Visa International under its regulatory framework. Once the Draft Payment and Settlement......

Polaris Soft, Indonesia bank settle dispute

Polaris Software Lab Ltd and Bank Artha Graha of Indonesia have agreed to settle all their disputes, with the Indian software company agreeing to make full restitution to the bank for a sum of $1......

RBI speeds along on reform track

Continuing with its soft and flexible interest rate regime, Reserve Bank of India liberalised forex regulations to provide adequate liquidity in the market and brought about reforms in government......

Facebook was his idea!

Divya Narendra was a junior at Harvard University when he and his roommates -- twins Cameron and Tyler Winklevoss approached another student Marc Zuckerberg to program a social networking site,......

Why Sahara pulled out of IPL: Full statement

The Sahara Group-owned Pune Warriors India withdrew from the Indian Premier League on Tuesday following the Board of Control for Cricket in India's decision to encash the team's bank guarantee......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......

Lanka Sports Minister order probe into Nimbus deal

Sri Lankan Sports Minister, Mahindananda Aluthgamage has ordered a probe into the controversial Nimbus deal that had rocked the country's cricketing circles, besides costing SLC a a huge amount of......

  People speak for bank for international settlements

  • QNA
stalin
Q. the Bank of International Settlements (BIS) is the oldest international finanial organisation and was created to administer the transactions of money according to which treaty ?
Stalin:  A.  more

http://qna.rediff.com/questions-and-answers/the-bank-of-international-settlements-bis-is-the-oldest-inte/24409302/answers/

stalin
Q. I was having ICICI credit card since 2004,always paid the entire outstanding within due time prior to June2009,when I did not receive my statement,I called on customercare,informed them about non receipt of statement & asked them togive details of my outstanding & requested not to charge interest,they refused my request,started to charge interest & late payment every month & did not send statement on July09,June10,July10 & has started disturbing me,I stopped usuing that card for last one year clearing all the amount I spent with the card,but they are disturbing me by charging interest & fine
Stalin:  A. oh icici is one of the most chor banks they did the same wd me sent me late statements nd den charged me wd late payment this went on for sum time...... more

http://qna.rediff.com/questions-and-answers/i-was-having-icici-credit-card-since-2004always-paid-the-ent/24409302/answers/19773517

Amitava Goswami
Q. give me a practical example about swaps.
Amitava Goswami:  A. A swap is an agreement between two parties to exchange sequences of cash flows for a set period of time. Usually, at the time the contract is...... more

http://qna.rediff.com/questions-and-answers/give-me-a-practical-example-about-swaps./19773457/answers/17251465

Murali Mohan
Q. What is Documnetary Letter of Credit?
Murali Mohan:  A. Documentary L/C is the most suitable & prevalent method of settlement for international trade. The buyer's bank reimburses the seller against...... more

http://qna.rediff.com/questions-and-answers/what-is-documnetary-letter-of-credit/17251458/answers/16757215

Siachen
Q. Whats known as RTGS System?
Siachen:  A. RTGS as it stands for is real time Gross Settlement across banks. Launched in Sept 2003, the very basis of introduction of this system was to...... more

http://qna.rediff.com/questions-and-answers/whats-known-as-rtgs-system/16756563/answers/16417747

  Web results for Bank For International Settlements
Alstom in discussion with US on record bribery fine deal

The deal could result in the company paying a fine of up to USD 700 million, a media report said. "A settlement of that size (USD 700 million)... ...

http://post.jagran.com/alstom-in-discussion-with-us-on-record-bribery-fine-deal-1418889336
Palestinians present UN resolution on final peace deal

United Nations: The Palestinians on Wednesday presented a draft UN resolution laying out terms for a final peace deal with Israel but sought to... ...

http://zeenews.india.com/news/world/palestinians-present-un-resolution-on-final-peace-deal_1516554.html
Israeli PM slams EU for taking Hamas off terror list

Netanyahu called the move a staggering example of European hypocrisy AP/PTI | Jerusalem December 18, 2014 Last Updated at 02:10 IST Israeli Prime... ...

http://www.business-standard.com/article/pti-stories/israeli-pm-slams-eu-taking-hamas-off-terror-list-114121800076_1.html
Banks Find Niche Helping Firms Defend Against Activists

By David Benoit And Liz Hoffman Shareholder activism is proving to be big business for Wall Street, providing banks with opportunities to cozy up... ...

http://in.advfn.com/p.php?pid=nmona&article=64840145
The world hot spots you never heard of that could ruin 2015

The Spratlys. Narva. Fezzan. These places risk becoming household names in 2015. Can't locate them on a map? Well, a lot of people couldn't have... ...

http://www.livemint.com/Politics/Z3QZBvWzk46lgnLBcPgYoN/The-world-hot-spots-you-never-heard-of-that-could-ruin-2015.html

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