MONEY & BANKING
PENSION PLANS
Govt considering 100 pc FDI in pension sector
WHILE foreign direct investment in insurance is still struggling to get close to the halfway mark, FDI in the pension sector could well travel the full distance in the first burst itself. A strong opinion is building within the Finance Ministry ...
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INSIGHT
RBI's Annual Report 2003-2004 — At what price protection from forex reserves?
There have been suggestions that some part of the RBI's forex reserves should be placed with Indian scheduled banks, which can lend them to creditworthy Indian corporates, which are otherwise raising ECBs in the external financial markets. This can e arn higher returns, which can surely help to reduce the negative income phenomenon on our forex reserves.
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China not slowing down as expected
OVER the last one-and-a-half years most of the economists had been setting aside the threat of rising global inflationary expectations with the belief that China would slow down sharply. The difference in opinion had been on whether there ...
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MANPOWER
`16 pc of RBI staff opted for OERS'
THE optional early retirement scheme (OERS), which the Reserve Bank of India (RBI) introduced on August 16, 2003 was availed of by 4,468 employees, representing 15.8 per cent of the workforce as on June 30, 2003. The outgo of employees was ...
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DEBT MARKET
Securities rally powered by bank purchase
The key factor that helped drive the markets were the RBI's new accounting norms, which allowed banks to categorise more securities under Held to Maturity.
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CO-OPERATIVES
Gold, small loans: RBI extends time for urban co-ops
URBAN co-operative banks (UCBs) have been given time up to March 31,2007, to follow the 90-day loan impairment norms, for gold loans and small loans up to Rs 1 lakh. In a circular to the chiefs of all UCBs, the RBI has said that until then, ...
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TRENDS
Banks bet on technology to improve service
HAS the new-found glitz and glamour of the old-generation private and public sector banks permeated beyond their newly air-conditioned patios, sophisticated currency-counting machines and technology-driven products like Net, mobile and anywhere ...
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Cross Currency Rates
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