- CRR hiked by 75bps to 5.75% in two stages
- Reverse Repo, Repo Rate kept unchanged
- CRR hike of 75bps to impound 360 bln rupee from banks
- First stage of CRR hike to be 50bps effective Feb 13
- Second stage of CRR hike to be 25bps effective Feb 27
- FY10 GDP forecast raised to 7.5% vs 6% earlier
- FY10 inflation projection raised to 8.5% vs 6.5% earlier
Posted by ChEthAn in General
From the author of blockbusters Five Point Someone, One Night @ the Call Center and The 3 Mistakes of My Life, comes another witty tale about inter-community marriages in modern india.
2 States - Is a 2009 novel written by Chetan Bhagat. It is an love story about a couple coming from two different states of India, who faced the conservative parents and how they finally persuaded them to get themselves married. The novel is a fiction, but is said to be inspired from the real story of the author and his wife Ananya who are from Delhi and Tamil Nadu respectively.
Thanks to the original uploader...
Recently 'The Banker', a part of the Financial Times group figured out five Indian banks in the list of the world's top 1,000 banks in 2009.
According to them the top five banks in the world are JP Morgan Chase followed by Bank of America, CITI Group, Royal Bank of Scotland and HSBC holdings. As per my knowledge HSBC is the only bank that has not received any government support till now.
Coming back to the indian banks State Bank of India holds the first position among the Indian banks and ranked 64th position and ICICI bank ranked 81st among global banks. Punjab National Bank , HDFC Bank and Bank of India at 239, 242 and 263, respectively :) .
Its an great achievement from Indian banks to hold postions in world banking system.. This clearly shows that our regulatory systems are really in strong shape.
I think soon we have to pay an annual fees for our credit cards..!! So credit card holders be ware of it...! According to banks, the reason behind this move is high cost of issuing and maintaining them...
Reliance Mutual Fund as come up with new fund called Reliance Infrastructure Fund, an open ended Equity Scheme. The New fund will close on June 23, 2009. The units will be available at Rs. 10/- per unit (subject to applicable load) during the New Fund Offer and Continuous offer for Units at NAV based prices.
It pre- dominantly invests in the infrastructure sector, with the government spending more on the same and foreign investments coming into Indian infrastructure companies. Infrastructure spending has witnessed a sharp acceleration, with most of the segments in the economy constrained in terms of capacity availability. Riding on the back of the fourth consecutive year of 8%+ GDP growth, a balanced increase in the gross capital formation (GCF) in infrastructure as a proportion of GDP emerges as the most important key in sustaining high economic growth. Currently, the GCFI is at 5% of GDP. As per the Planning Commission, the GCFI need to be increased to 9% of the GDP to sustain growth momentum in the economy.
Infrastructure sector plays important role in country’s development and GDP growth. India has already negotiated the difficult transition from public infrastructure creation to a market determined model. This will give room for more rural developments and spending.
Mutual Fund Family: Reliance
Mutual Fund Fund Type: Open Ended Equity Scheme
Minimum Investment: Rs. 5000/-
Below Rs. 2 Crs - 2.25%
Rs 2 Crs & above and below Rs 5 Crs - 1.25%
Rs 5 Crs & above- Nil
If anyone interested to go with that, do reach me at 9886803739 or
firstname.lastname@example.org or email@example.com