News of Myfaridabad Forum

The savings tool continue to find favour with financial advisors. The catch: A lot depends on promoters following the strict rules that have been laid down for them.

Tue, 28 May 2013 18:30:00 GMT
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SBI Managing Director and Chief Financial Officer Diwakar Gupta said the cut in CRR, the portion of deposits banks are required to keep with RBI, would help banks reduce their prime lending rates by 2 per cent to about 7.5 per cent from the current 9.75 per cent to 10 per cent.



Wed, 29 May 2013 02:33:59 GMT
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Industry body Ficci on Tuesday opposed any move to club allowances with the basic wages for PF deductions stating besides increasing financial burden on it and government, it will "dampen" investment sentiments.



Tue, 28 May 2013 17:37:09 GMT
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The Reserve Bank on Tuesday ruled out a ban on the sale of gold by banks but asked the lenders to refrain from aggressively selling the precious metal.



Tue, 28 May 2013 17:17:24 GMT
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Your in-hand salary is likely come down significantly, if the Employee Provident Fund Office (EPFO) goes ahead with its proposal to redefine the salary component used for calculation of provident fund contribution.



Tue, 28 May 2013 12:46:36 GMT
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Foreign brokerage Bank of America Merill Lynch (BofA-ML) on Monday said the Reserve Bank will go for a 0.25 per cent cut each in repo rate and cash reserve ratio (CRR) in its upcoming mid-quarter policy review on June 17.



Mon, 27 May 2013 18:03:52 GMT
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Amid allegations of insurance products being used for money laundering, sector regulator IRDA on Monday asked insurers to keep records of customers and beneficiaries for five years after termination of business relationship.



Mon, 27 May 2013 17:29:37 GMT
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The central bank said that banks cannot give advances against gold exchange traded funds (ETFs) and units of gold mutual funds.



Mon, 27 May 2013 15:38:57 GMT
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Fast & Furious 6 made a smashing debut at the Indian box office, collecting around Rs 21.5 crore in its first weekend.



Mon, 27 May 2013 12:52:53 GMT
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