At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.
Miffed MCA asks CoA for reasons for moving ODI to CCI
The chairman of the committee, A K Mathur, sought abolishment of the two-year edge accorded to the IAS officers for empanelment, compared to other services, saying it was an 'archaic concept'.
'It is a package for a new self-reliant India.'
Spaniard Carlos Sainz will make a dream move to Ferrari next year, with Australian Daniel Ricciardo replacing him at McLaren, as Formula One's driver carousel took another big twirl on Thursday with the 2020 season yet to start. Ferrari said 25-year-old Sainz, who replaces four times World champion Sebastian Vettel alongside young Monegasque Charles Leclerc at the sport's most glamorous team, had signed for 2021 and 2022.
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
The company also said the falling sales of General Motors India, the wholly-owned subsidiary of the US firm, were mainly because of customers' perception on the months-long uncertainty over the future of GM, which finally filed for bankruptcy protection in a New York Court on Monday.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
'But an overthrow of the Afghan government would really embolden regional militant groups in a big way.' 'LeT and JeM could be emboldened, and prompted to replicate in Kashmir what the Taliban did in Afghanistan.'
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
In the last five years, the GDP growth rate was eight per cent. It was 6.7 per cent in 2008-09. Referring to the Foreign Trade Policy, announced on Thursday, the finance minister said India's major importers--US and EU--are facing problems, because of which Indian exports could be hit.
Playing for Mumbai in the Vijay Hazare competition in October, 17-year-old Yashasvi Jaiswal scored 203 off 154 balls, which included 12 sixes and 17 fours against a Jharkhand attack that included out-of-favour India pacer Varun Aaron and Shahbaz Nadeem.
The government has already embarked on strengthening the tax net by sending letters to those who have not filed tax returns.
Even before Capitol Hill shocked the world's financial markets this week, the global economy was already mired in difficulties. And whether or not some version of the bail-out package gets passed in the near future, extricating it will be a real struggle.
Home loan borrowers perpetually worry about the consequences of defaulting. And whether they wish it or not, there could be situations where they are forced to do so. For instance, after the Mumbai bomb blasts on July 11 2006, a large number of affected families found themselves in deep financial trouble leading to difficulties in servicing their home loans
In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
RupeePower aims to become the No 1 originator of financial products.
'They have a voracious appetite.' 'But there are many places where they go and they lose.'
BCCI president Anurag Thakur and secretary Ajay Shirke, on Saturday, filed their respective affidavits to the Justice RM Lodha Committee as per the directive of the Supreme Court issued on October 21.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
The Congress on Tuesday termed as rhetoric and hollow on specifics the prime minister's address to the nation, saying there was no mention of a financial package or concrete steps to revive the economy.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
The Tamil Nadu Assembly on Friday passed a bill providing internal reservation of 10.5 per cent for Vanniyars, a most backward community in government jobs and in admission to educational institutions.
Financial planner Gaurav Mashruwala explains the difference between good and bad assets. Creating bad assets can lead you towards penury while the opposite may help you create wealth.
After four years of growth at 40 per cent or more, capital expenditure (capex) by India Inc in the current financial year (2008-09) may drop almost 30 per cent.
Former Indian team captain Bishan Singh Bedi and ex-cricketer Kirti Azad on Thursday batted in the Supreme Court for implementation of Justice Rajendra Mal Lodha committee's recommendation on structural reforms in the Board of Control for Cricket in India.
'On the evening of the 17th, the RBI said the bank was put on moratorium.' 'Within an hour, the RBI said it would be merged with DBS.' 'How did DBS come to know within an hour that LVB was in trouble?' 'It means, what happened was match-fixing.'
Through the past 12 months, the Bank Nifty has risen 55%
'...I have not read newspapers for quite some time,' a psychologist tells Syed Firdaus Ashraf, 'and I am perfectly normal.'
The members approved the recommendation of the BCCI's affiliation committee to grant full member status to Chhattisgarh State Cricket Sangh, which will be part of Central Zone for all BCCI tournaments.
Nearly 4,000 clerical cadre and staff have sought early retirement from the country's largest commercial bank, State Bank of India.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
Veteran basketball player James Donaldson has advised sportspersons dealing with mental health issues to stay away from cell phones and social media.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
FY14 economic growth rate pegged at 4.8-5.3%, WPI inflation set to rise
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
