Others News

FAQs on currency futures

30 August 2008 at 13:39

What is a futures contract on the INR/USD exchange rate? It is exactly like a futures contract of Nifty or of Infosys. A futures price is traded on the screen. That pertains to the INR/USD exchange rate at a future date.

Posted in Others | 1 comments | 6297 Views

But India in no hurry to converge with IFRS

29 August 2008 at 13:07

The announcement by the Institute of Chartered Accountants of India (ICAI) in July last year notwithstanding, India may stop short of full convergence with the International Financial Reporting Standards (IFRS)

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IFRS may affect banks' ratios

25 August 2008 at 13:29

Banks to confront challenges in loan impairment, derivatives, etc. In line with global trends, India will join the league of more than 100 countries which have converged with IFRS

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Recommendation of 6th Pay commision

23 August 2008 at 11:18

IMPLEMENTATION OF THE RECOMMENDATIONS OF SIXTH CENTRAL PAY COMMISSION (press release) The Union Cabinet today gave its approval for implementation of the recommendations of the Sixth Central Pay Commission. The revised pay scales will come into e

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What is IPO grading?

19 August 2008 at 01:42

A company’s first attempt of listing at an exchange is preceded by an initial public offering (IPO). Under an IPO, a company issues a certain percentage of shares to the public. But, a public issue proposal

Posted in Others | 1 comments | 6120 Views

Used wisely, money begets more money

19 August 2008 at 01:42

Personal financial planning gives a clear picture of where you are today and where you want to be. Personal financial planning, in India, is relatively a newer concept.

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CRR hikes should have a sobering effect on demand

30 July 2008 at 11:51

Reserve Bank of India governor Yaga Venugopal Reddy released the quarterly monetary policy review, as part of which, he hiked cash reserve ratio by 25 basis points and repo rate by 50 basis points.

Posted in Others | 4182 Views

Govt to gradually shift to accrual system of accounting

04 July 2008 at 00:17

The Union Government has accepted in-principle to gradually move towards accrual basis of accounting. This was stated by Shri V N Kaila, Controller General of Accounts, Ministry of Finance, while addressing a Conference organized to mark the 60th yea

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Why financial literacy is imperative

30 June 2008 at 15:44

It helps you to make the most of the financial resources available, Financial literacy is the process by which investors improve their understanding of financial markets, products, concepts and risks

Posted in Others | 1 comments | 6231 Views

RBI hikes REPO rate by 50 basis points

25 June 2008 at 13:51

Last Friday, Ministry of Finance had indicated that the monetary authorities were expected to take action on the demand side to moderate inflation and quell inflationary expectations.Reserve Bank of India has hiked the REPO rate by 50 basis points an

Posted in Others | 3420 Views