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'Malicious' HSBC fined Rs 5.5 lakh for charging interest on settled loan

May 22, 2013

The bank was pulled up saying that HSBC's act was not only "motivated by commercial gains", but also by a "malicious mind" to "settle scores" with the complainant, who was a former employee, for challenging his termination in a labour court. #Business #Interest rates #NewsTracker #HSBC #loan #New Delhi District Consumer Disputes Redressal Forum #Naduthodi Janardanan
FinMin approves 8.5% interest on PF deposits for FY13

May 15, 2013

The Finance Ministry has approved payment of 8.5 percent rate interest for 2012-13, up from 8.25 per cent in the previous fiscal, benefiting over 5 crore EPFO subscribers. #Interest rates #finance ministry #NewsTracker #EPFO
Why banks may not cut interest rates despite RBI move

May 03, 2013

#RBI #Interest rates #Banks #ICICI Bank #SBI #PolicyWatch #Deposit Rates

Blog posts

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Rate cut probability low from here on, but India Inc wants more

May 03, 2013

Ball now in govt court to boost growth, experts say; India Inc wants more #India #RBI #Interest rates #PolicyWatch #ExpertView #India Inc #Rate cut
Why inflation is good for the poor...and the government

Apr 27, 2012

Is inflation as bad for the poor as it is made out to be? The answer seems to be a qualified no... #Business/Finance #Inflation #PriceWatch #Real interest rate #Inflation tax
Subbarao faces tight balancing act on interest rates

Jan 23, 2012

The RBI boss, who will unveil a review of Monetary Policy on 24 January, has a tough tightrope walk to execute this time. #WhyNow #Reserve Bank of India #Duvvuri Subbarao #Interest rates

Wire

Economic Times
China vows to liberalise interest rates

2013-05-24 09:35:00

BEIJING: China will continue to liberalise interest rates, make the yuan currency more responsive to market forces and more convertible this year, the government said on Friday. China will draft plans on a deposit insurance system and quicken the develop #China
U.S. News & World Report
Student Loan Rates May Be Rising

2013-05-23 18:32:00

President Barack Obama waves as he arrives to speak at University of Colorado Boulder on April 24, 2012. A little more than a year ago, President Barack Obama stood at a podium at the University of Colorado in Boulder, Colo., and promised he'd do everyth #University of Colorado at Boulder #Barack Obama #U.S. Congress
The Middletown Press
House to vote on student loan interest rate legislation

2013-05-23 16:40:00

WASHINGTON — House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama. Supported by Republicans, the bill would avoid a rate increase for students with new #Washington, D.C. #Barack Obama #U.S. Republican Party

Editor's picks

The Big Mac of sports: Why we love IPL and its scandals

The average IPL fan isn’t outraged by the spot-fixing scandal. It merely confirms what we already suspected about the junk food of sports.
Nine years of UPA: What makes Sonia Gandhi the real hero

Not burdened by the baggage of caste or dogma, Sonia Gandhi has the opportunity and capacity to make a real difference to Indian society.
Sex charge against Phaneesh Murthy may be settled out of court

If the three can’t thrash out an out of court settlement, the sexual harassment case is likely to result in long litigation in the full glare of the media.
Why Preity Zinta stands for all that is wrong with the IPL

Preity Zinta embodies a lot of what is wrong with the IPL – irresponsibility and compromising the dignity of cricket as a sport.

Money, sleaze take the sheen off imperious Chennai Super Kings

Given the huge legal, moral and ethical stakes, Srinvasan and Meiyappan should have voluntarily clarified their position and should have offered to face an investigation.
How the Woolwich terror attack will harm Britain's Muslim community more

For Muslims in Britain, there comes one thing after another to get defensive about, and at quite short intervals. The Muslim community will be cornered into paying a price for the brutality of these two killers.
Explainer: Why Sensex has fallen over 300 points today

Chidambaram ‘s soothsaying may not work when the markets are driven largely by foreign institutional investors (FIIs)
PM carrying out responsibility with great dignity, says Sonia

Rejecting the talk about two power centres and differences between them, UPA Chairperson Sonia Gandhi today said there is “collective leadership” between her and Manmohan Singh and “we all stand by” the Prime Minister who will complete his term.

Why India is concerned about supplying arms to Afghanistan

From across the Hindu Kush, a plea for Indian help. Hamid Karzai wants New Delhi to provide artillery and military transport aircraft. It won’t cost India much—but New Delhi is worried about upsetting Pakistan, and wary of making commitments before it becomes clear which way the political wind is blowing in Kabul.
Sreesanth and IPL spot fixing: Why history makes it so hard to believe the police

With the glut of information regarding the IPL spot fixing scandal and the three cricketers how much of it can we really trust?
Phaneesh Murthy admits to relationship with employee

This is the second time the IT industry veteran has been involved in a sex scandal.
Despite BJP edge over Cong, both NDA and UPA are conjectures

Opinion polls show the BJP and the NDA ahead of the Congress and UPA. But it is the regional parties that are likely to make the biggest gains. NDA and UPA are post-poll creatures

Not just niceties, China and India need to focus on thorny issues

India’s discourse with China has traditionally been trapped in the Mao-ist maze that defines how “friends” ought to conduct themselves. But Chinese statecraft has evolved, and India too must up its diplomatic game.
Why the Indian media gives a damn about poverty

In that sense the poverty line of India is cruel. It is merciless and doesn’t allow the majority of Indians any money for shelter or access to education or healthcare or sanitation or anything else that civilised nations would consider as essential as food.
Goa meet: Will the BJP finally find a way out of its troubles?

Can the party resolve internal discord and take a call on Modi’s PM candidature?
Why Dhoni, Tendulkar can't distance themselves from spot fixing

Try following a game on twitter or with friends or at the ground. At every step of the way, the spot-fixing question raises itself.

Movie Review: 'The Reluctant Fundamentalist' leaves you dissatisfied

If you forget the politics and just look at the film, The Reluctant Fundamentalist doesn’t fare much better. It’s a thriller that lacks tension and suspense.
Here's how the Delhi Police stumbled upon spot-fixing in IPL

After monitoring a phone call, the investigation had virtually turned pan-India with some of the bookies based in Gujarat and Mumbai.
Ex-Citi CEO Vikram Pandit, JM Financial join hands for banking foray in India

JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
Movie Review: The Great Gatsby is the most Bollywood of Baz Luhrmann's films

The great American dream is an integral part of America. It’s ‘great’ in that it symbolises not truth, but hope when the truth is disillusioning; it symbolises not facts, but ideals when facts are unnerving; it symbolises not likelihood, but promise when likelihood is all but bleak.

Google I/O 2013 keynote: New Maps, Search, Plus, and S4 with 'pure' Android

We’re tracking the Google I/O conference 2013 live – what will be unveiled?
Hero worshipped in Kerala, Sreesanth still innocent in his state

The summary of the response in his Sreesanth’s home turf is that of incredulity. They are unwilling to believe that the pacer is guilty.
Why return of Dreamliners won't change Air India's fortunes

The original promise of the Dreamliner has failed to materiallise due to limitations in its flying range. Will Air India continue to pay a price for this?
Did Indira abolish bonded labour or Sonia? NREGA's tall claims

The UPA ads eulogising MGNREGA as a a huge success needs to be taken with bags of salt. The scheme did make a difference, but not as is claimed.