| Top Stories- February 2007
According to Standard and Poor, India budget strikes balance between fiscal consolidation and economic growth...Read more
Finance Minister has announced that effective 28th Feb 2007, no new forward contracts will be launched in wheat and rice...Read more
The Union Budget for 2007-08 was presented in the Lok Sabha on 28th February 2007, by Finance Minister P Chidambaram...Read more
According to economic survey, Indian economy is projected to grow at 9.2% in 2006-07...Read more
India Inc has hailed the Indian Railway Budget 2007-08 as promising and progressive...Read more
RBI has decided to pay interest to banks on eligible CRR balance...Read more
Indian economy would not only sustain but improve on the rate of GDP growth, according to Assocham survey...Read more
Bank of Japan has raised interest rates by a quarter percentage point to decade high 0.5 percentage...Read more
RBI has laid down general principles and broad parameters to be followed by banks while offering doorstep services...Read more
Assocham has requested SEBI for doubling the quota reserved for mutual funds in IPOs...Read more
IBA has launched a Pilot Project on Trade Finance using SFMS applications on INFINET network...Read more
IAIS has released common structure for the assessment of insurer solvency...Read more
Citigroup announces unified, global brand identity under Citi name and red arc design...Read more
IAIS has announced establishment of a new corporate governance task force...Read more
RBI has announced 0.50% increase in Cash Reserve Ratio(CRR) in two stages to 6.00%...Read more
The cost of borrowing for India Inc has risen sharply by as much as 60%, according to Assocham study...Read more
The Basel Committee on Banking Supervision has issued for public comment a paper in an AMA context...Read more
Assocham has urged withholding tax exemption for pvt banks raising foreign currency to finance infrastructure projects...Read more
Addressing Nasscom 2007, Prime Minister asked IT industry to target US$80 billion exports by 2010...Read more
Banknet Forum, a world-wide community of top financial services professionals has re-opened membership, said Anurag Khanna, CEO, Banknet India...Read more
IRDA release show that the four public sector general insurers have lost 9% market share in the first nine months of 2006-07...Read more
RBI has asked banks to not give cognizance to voting by the depositories...Read more
CII has stressed the need for more fiscal reforms in the banking sector in Budget 07-08...Read more
The government will acquire RBI stake in State Bank of India, Nabard and NHB...Read more
Reserve Bank of India has reduced the interest rate ceilings on NR(E)RA and FCNR(B) deposits...Read more
Banks now prohibited from granting or renewing loans in excess of Rs 20 lakh against NRI deposits...Read more
RBI has hiked the short-term repo rate by 0.25 per cent, while keeping reverse repo, bank rate and CRR unchanged...Read more
Banknet India, a banking knowledge and research company has announced online "Financial Sector Survey 2007:Top 10 Challenges"...Read more
Reserve Bank of India has released the document "Macroeconomic and Monetary Developments: Third Quarter Review 2006-07...Read more
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