Popular Articles

Pension regulator hardsells new scheme
The Pension Fund Regulatory Development Authority (PFRDA) is taking ing various measures to increase the number of subscribers under its New Pension Scheme (NPS). It is in discussions with the General Insurance Council, various industry bodies and companies to offer the plan to their employees. Under the recent deal between the Indian Banks’ Association (IBA) and the pension regulator, all new recruits of banks will join the defined contribution system from April 1, 2010. Already 20 nationalised and 12 private sector banks have joined the new system.

payday loans online
TMB eyes Rs 20,000 cr business
Tuticorin-based Tamilnad Mercantile Bank (TMB) has set a target of Rs 20, 000 crore business by March 2010 from the present Rs 16,000 crore.

News of the day

CM to hand over land to shipping tech unit
Andhra Pradesh chief minister, K Rosaiah, has agreed to hand over the land already allotted for a new shipping technology unit at Visakhapatnam as and when required. He gave this assurance to shipping secretary, APVN Sharma, who called on him on Saturday.
Public Relations

MFs stay away from short-term debt mart

Demand from mutual funds (MFs) continued to fall today as the rates on short-term money market instruments stayed low, dealers said. - Debt MF schemes give positive returns in Oct - Sebi plans fresh round of mutual fund reforms - Three strong offerings - When opportunities don"t present themselves - Sebi may allow MF deals through bourses - Mutual funds" investor base falls in October Rates have fallen by 30-40 basis points this month due to the abundant liquidity in the banking system. Banks too are not keen on raising funds due to surplus liquidity with them. Most dealers are also of the view that the rates could prevail at current levels for sometime due to the ample liquidity in the system. The three-month certificates of deposit (CDs) were today quoted at 3.15-3.45 per cent today, unchanged from Friday.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):