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March 12, 2012 11:08 AM
The BSE benchmark Sensex rallied by 269 points in opening trade today following the cash reserve ratio cut by the Reserve Bank of India, RBI on Friday. The 30-share index, which had gained nearly 357 points in the previous session, rose by 269 points, or 1.54 per cent, to 17,772 in opening trade tod...
March 12, 2012 9:39 AM
Finance Ministers from euro zone nations meet today to discuss giving Greece's second bailout final approval. The Euro group, which includes euro zone Finance Ministers, the President of the European Central Bank and European Commission chiefs meets in Brussels. Greece took an important ste...
March 12, 2012 8:52 AM
Finance Minister Pranab Mukherjee has asked Public Sector Banks, PSBs to improve customer service to stay relevant in the competitive financial market. Mr. Mukherjee said this while addressing at the golden jubille celebration of State Bank Staff College in Gurgaon on Sunday. He said that banking is...
March 11, 2012 5:29 PM
Finance Minister Pranab Mukherjee today asked Public Sector Banks, PSBs to improve customer service to stay relevant in the competitive financial market. Mr. Mukherjee said this while addressing at the golden jubille celebration of State Bank Staff College in Gurgaon. He said that banking is predomi...
March 11, 2012 2:15 PM
Foreign direct investment, FDI, in India went up by 31 per cent to 27.5 billion US Dollars last year, notwithstanding uncertain economic environment globally. FDI inflows in 2010 totalled USD 21 billion. According to the Industry Ministry's latest data, the sectors that attracted maximum FD...
March 10, 2012 5:00 PM
Euro zone finance ministers have released 35 billion euro from the second bailout package for debt-ridden Greece shortly after the government in Athens reached a landmark deal with private creditors on a bond swap. This will halve its debts to around 107 billion euros.The Finance ministers of the 17...
March 10, 2012 2:56 PM
Finance Minister Pranab Mukherjee today said that the Government is committed to ensure access to banking facilities to downtrodden and poor people living in small towns and villages in the country. He said this after launching 100 new branches of Federal Bank at a function in New Delhi. Mr Mukherje...
March 10, 2012 2:19 PM
China today reported a huge trade deficit in February, as imports swamped exports, to leave the largest deficit in at least a decade. Data showed that exports in February earned 114.5 billion dollar, while imports stood at 145.9 billion dollar. The 31.4 billion dollar deficit was the largest since t...
March 10, 2012 11:40 AM
The Reserve Bank of India yesterday cut the Cash Reserve Ratio, CRR, by 0.75 percentage points, from 5.5 percent, to 4.75 percent, in order to ease tight liquidity in the banking system. The Cash Reserve Ratio is the percentage of their deposits that banks are required to hold in the form of cash wi...
March 10, 2012 11:34 AM
Government has set a target of achieving 12 percent growth in tourism sector by 2016. The growth will help to generate 25 million additional jobs in the country. This was stated by Tourism Minister, Subodh Kant Sahai while inaugurating the Indian Pavilion in tourism fair in Berlin. Mr. Sahai said an...
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