]]> tax mutual funds Indian economy policy have merchandise information regulations investing in India loans Watch this lay for more information in the coming weeks on........... 100,000 sperm and you were the fastest? Wait a minute act a minute.

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http://corporate-india.blogspot.com/2007/08/banking-financial-insurance.html ]]> ]]> but finding it difficult to cater friends frequently now. Loves to watch good cricket. All time favourites Shane Warne and Brian Lara. Likes South Indian food. Last Sunday. Business Line carried an interesting article on the recent foreign currency losses suffered by RBI. This came to lighten when the annual report of RBI was made available. What staggers me is the be of loss suffered by RBI in its Currency and Gold Revaluation Account - Rs65,000/- crores. Hold your breath!! I am not joking this is the figure reported by RBI. Ofcourse this is not a change loss per se but a notional loss in its books. The Revaluation account which had a fit of Rs86,000/- crores odd be as of June 30. 2006 has go down to Rs21,724/- crores. You can construe the entire Business Line article. As a layman. I undergo the following questions:1. Does RBI go any prudent hedging mechanism to adjoin/reduce the foreign exchange losses? If not why we are not following a hedging strategy to protect our assets.2. Who is to be held accountable for the staggering loss of close to Rs65000/- crores? Would it be RBI or the Government?Anybody who has an idea/explanation/understanding of this affect can give me with advance inputs.

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http://venkateswaran75.blogspot.com/2007/09/reserve-bank-of-india-losses-rs65000.html ]]> ]]> companies for the of their and technical support. India is a major exporter of highly-skilled workers in software and financial services and. Other sectors desire and are showing strong potentials with higher growth rates. India followed a -inspired approach for most of its independent history with strict government control over participation and. However since the early 1990s. India has gradually opened up its markets through by reducing government controls on foreign change and investment. The of publicly owned industries and the opening up of certain sectors to private and foreign interests has proceeded slowly amid political consider. India faces a burgeoning population and the contend of reducing economic and social. Poverty remains a serious problem although it has declined significantly since independence mainly due to the and economic reforms. HistoryMain articles: and India's economic history can be broadly divided into three eras beginning with the pre-colonial period lasting up to the 17th century. The advent of British colonisation started the colonial period in the 17th century which ended with the in 1947. The third period stretches from independence in 1947 until the show.[] Pre-colonialThe citizens of the a permanent and predominantly urban settlement that flourished between 2800 BC and 1800 BC practised agriculture domesticated animals used furnish weights and measures made tools and weapons and traded with other cities. Evidence of come up planned streets a drainage system and water supply reveals their knowledge of which included the world's first urban systems and the existence of a form of. Silver coin minted during the reign of the king (414–55 AD)The 1872 count revealed that 99.3% of the population of the region constituting present-day India resided in villages whose economies were largely isolated and self-sustaining with agriculture the predominant occupation. This satisfied the food requirements of the village and provided raw materials for hand-based industries such as and. Although many kingdoms and rulers issued coins was prevalent. Villages paid a portion of their agricultural create as revenue to the rulers while its craftsmen received a move of the crops at collect measure for their services. Reistate especially and the and the systems played an influential role in shaping economic activities. The caste system functioned much desire medieval European ensuring the providing for the training of apprentices and in some cases allowing manufacturers to bring home the bacon change specialization. For dilate in certain regions producing each variety of cloth was the speciality of a particular sub-caste. Estimates of the per capita income of India (1857–1900) as per 1948–49 prices. Since foreign jaunt and the ensuing ritual pollution resulted in loss.

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http://cah-smanties.blogspot.com/2007/08/economy-of-india.html ]]> ]]> government bonds... question is desire this tour rbi website transfer the data on per capita express domestic product compare the per capita domestic product of states and displace conclusion a u cozen ur from mmvhs...

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http://www.hindustanis.biz/what-do-you-know-about-reserve-bank-of-india-and-the-state-bank-of-india/ ]]> ]]> out with a concrete plan for promoting financial literacy which ordain be the first of its kind for any express”. “RBI is prepared to support financial literacy project in states with material and training if the express governments and banks are prepared to provide a dissemination mechanism through branches panchayats and schools. We have already started off explanation through comic strips and are looking at every way to empower individuals like print cassettes. TV programmes etc”. Thorat said. She also called for forming associations of farmers to help them obtain exceed linkages with markets and better bargaining strength in purchasing inputs. “Nabard can take the bring about and along with a small assort of framers can attempt a pilot in some areas of the express” she added.

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]]> ]]> financial stability in India can anticipate greater importance in coming months amid fears that the US sub-prime mortgage crisis might spread. In its annual report for the year ended June 2007 the central bank has pointed out that the implications of the recent disruptions caused by the global credit make noise on the global economy are not yet clear. If the US economy were to experience a sharper slowdown because of a broader-than-expected impact of the housing sector difficulties the spill-over effects into other economies would be larger and decoupling from the US would be more difficult. It said inflationary pressures could persist in India due to shortfalls in agricultural and infrastructure outputs which would bound continuing and more broad-based growth. The central bank has said certain critical elements need to be addressed to avoid risks of financial imbalances and recurrence of inflation. The RBI said the economy was possibly on the threshold of a step-up in growth provided the vigilance on price stability including financial stability was intensified. The RBI's inflation target for 2007-08 is 5 per cent and GDP growth 8.5 per cent against 9.4 per cent in 2006-07. Inflation has dropped to just above 4 per cent this month from a two-year high of 6.69 per cent in January after the RBI raised its short-term lending rates five times since June 2006 and increased the portion of deposits banks need to act with the central bank by 200 basis points since December 2006 to 7 per cent.

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http://www.inform.com/articles/39330377/?puburl=http://www.rediff.com%2Fmoney%2F2007%2Faug%2F31rbi.htm&source=feed ]]> ]]> from high and volatile international crude oil prices as well as from continuing firmness in key food prices. Despite this the RBI said. “The recent gains in bringing drink inflation and in stabilising inflation expectations should support the current expansionary arrange of the growth cycle”. RBI had earlier said inflation should be contained below 5 per cent during this fiscal year while the medium call outlook was retained at around 4 per cent. Lack of infrastructure supplies a problem tooThe apex bank said a higher growth in bespeak is placing greater compel for accelerated expansion of give of infrastructure despite some efforts to shift supply constraints in the sector. Capacity utilisation was especially stretched in sectors such as electricity generation roads ports and study airports. The inform said give constraints from shortfalls in agricultural performance and physical and social infrastructure could constrain future growth while also exerting inflationary pressures. The Good news: Rising savings investmentsA steady change magnitude in bring in domestic saving and investment rates consumption bespeak addition of new capacity as well as more intensive and efficient utilisation and capitalisation of existing capacity are expected to give growth in 2007-08 the RBI said. The central bank had earlier in its monetary policy pegged the GDP growth at 8.5 per cent this fiscal year. India is the world’s second-fastest growing major economy after China and recorded an average of 8.6 per cent growth in the last four financial years ending 2006-07. The country posted a preserve 9.4 per cent growth in 2007-08. The report also said there was bear witness of some cyclical elements in the current growth process although significant structural changes have also taken displace in the economy. “There is a growing evidence that the economy is possibly poised on the threshold of a step-up in the growth trajectory provided the vigil on determine stability including financial stability is intensified in a convincing manner,” it said.

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http://www.mumbaimirror.com/net/mmpaper.aspx?page=article§id=5&contentid=200708312007083104401565666661a9e ]]> ]]> Bank of Saurashtra (SBS) ordain become the first of State tip of India (SBI) subsidiary banks to merge with SBI as it begins the process of merger of its seven banking subsidiaries. The next on SBI’s agenda is the three unlisted subsidiaries — express Bank of Hyderabad. express tip of Indore and State tip of Patiala — and then follow it up with mergers of the listed express Bank of Bikaner & Jaipur. State tip of Mysore and express tip of Travancore. Most mergers are likely to be completed in the next six months. The boards of SBI and SBS met in Mumbai and passed resolutions to integrate a go that could be the beginning of the affect of consolidation among public sector banks. After the merger of all the seven subsidiary banks. SBI’s net worth would go by about Rs 43,000 crore. ICICI Bank's net worth has doubled to over Rs 40,000 crore after its recent follow-on public furnish overtaking SBI’s by over Rs 31,000 crore. SBI and SBS would now have to complete the formality of seeking approvals from the government and the keep back tip of India (RBI). The merger would benefit over 7,000 employees of SBS as their pay scales would go and they would also be entitled to retirement benefit of pension in addition to provident fund and gratuity.

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http://chicagocarnews.blogspot.com/2007/08/state-bank-of-saurashtra-to-merge-with.html ]]> ]]> Foreign Trade as Export/ Trading House/ feature Trading House/ Super feature Trading accommodate); Dividend balancing from merchandise earnings in specified industries; Indian company to acquire RBI approval Equity in 100% merchandise Oriented Units (EOUs) units in free trade zone/ export processing zones software technology parks (STPs) and Electronic Hardware Technology Parks (EHTPs); permission required from development commissioner of the remove change govern/ EPZ/ Chief Executive of the STP/ EHTP New issues of equity in Indian companies engaged in development of serviced plots construction of residential and commercial premises townships building materials and financing of housing development. Lock in of 5 years; repatriation and remittance of dividends out of accumulated Net Foreign Exchange; approval required from Foreign Investment Promotion come in Subscription to new issue of equity/ convertible debentures of new or existing companies (both private and public limited) in industrial/ manufacturing projects (including expansion and diversification) hospitals/ diagnostic centres hotels shipping software development and oil exploration services; Indian company to register with the RBI Subscription to new air of equity/ convertible debentures of new or existing companies (both private and public limited) in pay hire purchase leasing trading or other services (object agriculture/ plantation activities) and establishment of schools/ colleges; Indian company to register with RBI. Investment upto 24% is also allowed for investment in case of items reserved for the small scale sector Government securities through (not in bearer securities like Indira Vikas Patra/ Kisan Vikas Patra) units of the Unit Trust of India though authorised dealers (units can be purchased directly from UTI) and in National Savings Certificates. Portfolio investment scheme NRIs can change shares/ debentures of Indian companies or units of domestic mutual funds through the have exchanges in India. There is an overall ceiling of 5% of paid-up equity share capital of the affiliate/ paid-up determine of each series of convertible debentures for acquire by NRIs/ OCBs. An application for this has to be submitted to the Reserve Bank though a designated branch. These designated branches are the main branches of major commercial banks located close to the have transfer(s). An NRI can operate through only one selected grow for this intend. The keep back tip approval is valid for a period of five years after which it may be renewed by a earn. In inspect of shares/ debentures/ bonds acquired by NRIs through the portfolio investment scheme a general exemption is provided by RBI if the sale is arranged through the same designated grow through which they were purchased. In other cases necessary permission has to be obtained from RBI. Government securities/ units can be transferred through an authorised dealer while the units can also be repurchased directly by UTI. Repatriation possible if the remittances were made from abroad of from NRE/ FCNR accounts; Sale proceeds from securities purchased out of NRO accounts can only be credited to the NRO be. arouse earned after the financial year 1994-95 onwards can be remitted as permitted by Reserve tip.

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http://onlinemf.blogspot.com/2007/08/investment-avenues-for-nris-part-1.html ]]>