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SBI cuts interest rate on fixed deposits

Jun 03, 2013

It has been decided to revise downwards by 25 basis points the interest rate on bulk deposits above Rs 1 crore for the tenors 7 days to less than 1 year, SBI said in a statement. #Interest rates #NewsTracker #SBI #fixed deposits
Forget about loan against gold, there are other options out there

May 29, 2013

#Gold #property #PersonalFinance #loans #fixed deposits
More than a dozen co-operative banks go belly up. Should you worry?

May 28, 2013

As a depositor you don�t really need to be worried about your bank going belly up, well almost. Reason being, the deposits which you make with your bank come with some sort of a safety net. #India #Banks #PersonalFinance #Deposits #Co-operative banks

Blog posts

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5 ways to reduce the Indian appetite for gold

Jan 23, 2013

If reducing gold imports is an important short- or medium-term goal, here is the right way to go about it in gold-craxy India #Gold #P. Chidambaram #RBI #ETF #fixed deposits #The Gold Bug
How to increase savings by plugging leaks

Nov 09, 2012

Investing in wrong financial products is a very high source of leakage from your savings. Insurance policies are the worst form of leakages as costs can be as high as 50% if you are not careful. #Financial markets #Banks #PersonalFinance #Savings #fixed deposits #insurance policies

Wire

Republica
Bank deposits shrink by Rs 6 billion

2013-06-18 19:25:00

KATHMANDU, June 18: Deposits at commercial banks fell by Rs 6 billion in a weeklong period between June 7 and 14 after the amount raised by Mega Bank through initial public offering (IPO) was transferred to Nepal Rastra Bank (NRB), the central bank. Mega #Nepal
Indian Express
Investors renew faith with bank deposits

2013-06-16 22:21:00

Please read our terms of use before posting comments Volatile stock markets and a hefty import duty as well as other restrictions on gold seem to have once again made investors wary. Add to this mix, a depreciating currency, softening inflation and conce #State Bank of India Group
ABC (Australia) Online
Container deposits may be canned in weeks

2013-06-20 00:03:00

The Northern Territory's Cash for Containers deposit scheme is likely to be scrapped if the Commonwealth can't resolve legal problems by August. The Territory Government has been spending a million dollars a month to run it and refund 10 cent deposits on #Northern Territory (NZ) #South Australia #Darwin

Editor's picks

Lok Sabha polls 2014: Back to basics for Congress and BJP

With the playing field level, from now on it will be a battle of strategies for the Congress and the BJP
Chidu's 'Ferrari' of reforms has an autorickshaw engine

A slew of economic reforms has been promised this month, but one should not expect anything more than fancy footwork from the FM.
From a fed-up, die-hard fan: An open letter to SRK

Forget all this surrogacy business. The reason we love Shah Rukh Khan is that he’s been one of Bollywood’s smarter actors. But of late, SRK’s been a bit disappointing, complains a fed-up, die-hard fan.
Dhoni has Ganguly's touch but with a difference

Rohit, Kohli, Raina, Jadeja, Ashwin, Bhuvneshwar, Umesh – that’s the core of the Indian team today and perhaps it wouldn’t be wrong to say that they are Dhoni’s boys.

Vajpayee, Advani, Modi: Every leader has given Hindutva a twist

From Vajpayee to Advani to Modi –the Sangh Parivar has come a long way, presenting before India every few years a Hindutva face rendered presentable through a shrewd makeover
Why Nitish 'really' dumped the Modi-led BJP

While prima facie it might seem to be a clash of two strong personalities i.e. Modi and Kumar, there is much more to the split than that.
3 Indias at war: Sensex India, Maoist India, and Bharat

The current tensions in India can directly be traced to three visions of India – one of which will involve breaking the country
Last man standing: Why it's easy to feel sorry for Misbah

Sympathy for a Pakistani cricketer, especially a batsman, is a novel emotion for those of us coming from the 90s.

Fear of the unknown grips the BJP in Bihar

Although the party is maintaining a brave face, the eventuality of a split has left many leaders on tenterhooks.
In Mamata's Bengal: Zero tolerance for rape or protesting against rape?

Bengal tops the list in violence against women. There have been several reports of gang rape in the past few weeks. The Mamata government has taken quick and stern action – against the women protesting the rapes in front of the CM’s residence.
Food security: For poor’s sake, jholawalas must speak up

The subsidy to the rich accounts for more than 7 percent of the GDP while that for the poor, with the food security act, would account for 1.1 percent.
Patients get HIV in Assam hospital after blood transfusion, panic spreads

Many patients who were administered blood from the same blood bank fear the worst.

Why a BJP-JD(U) split will be good for India

Neither UPA nor NDA is an alliance. And the BJP and JD(U) were mere power-sharers, not allies. To grow, alliances have to be built around principles not just power-sharing
Chidu takes comfort in Fitch upgrade, but where are real reforms?

At a press conference, Finance Minister P Chidambaram, however, did not reveal any concrete steps but promised more reforms by August. He said the rupee’s decline is in line with that of the currencies of other countries with high current account deficit like India.
Why cutting interest rates will have little impact on industrial production

The index of industrial production (IIP), a measure of the industrial activity in the country, grew by a meagre 2% in April 2013, in comparison to the same period during 2012. The index was expected to grow by around 2.4% (source: India: Weak growth and sticky retail inflation. Sonal Varma and Aman Mohunta, Nomura). In [...]
Why 'Sir' Ravindra Jadeja is a people's genius

If one was simply to go by numbers, young and jolly Jadeja is on course to be a great. That’s not overrating him — it’s the simple logic of statistics one cannot argue against.

The Aurangzeb factor: 5 lessons from Modi-Advani tussle

Political parties need to have a process for electing leaders. This problem relates more to cadre-based parties such as BJP and CPM.
Why 55-60 to the dollar may be the new normal for rupee

A drop in the US dollar index does not seem to help the rupee; this shows that the Indian currency seems to be marching to its own gloomy beat.
Critics split on Apple iOS 7: Hideous, unoriginal or a thing of pure beauty?

The new design has sparked debates over whether Apple stole the design from Android or Windows 8 or just created an unholy union of the two. We take a look at what the critics are saying:
Is Putin the Salman Khan of international politics?

Is Vladimir Putin the Salman Khan of world politics? Our new columnist, stand-up comedian Gursimran Khamba pontificates.

Advani wins: No free hand for Narendra Modi just yet

What was the senior leader’s specific problem? Well, one is the indecent hurry in which Modi’s is being shoved down the throats of other leaders in the party.
Obama's second innings? As a junior engineer in govt service in India

Is Barack Obama about to sit for an exam for a junior level engineer in India? A man in Rajasthan says he’s got an admit card with Obama’s picture on it from the Staff Selection Commission. Actually on second thought that might not be such a bad second career for the President.
How US industries are trying to use 'treaties' to arm twist India

US companies are blatantly violating international agreements or purely lying, when they accuse India of using TRIPS flexibilities. Americans have spoken the same language against other countries such as Brazil and Thailand, but failed.