tagged w/ RBI
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To check inflation, Reserve Bank on Tuesday raised its short term lending (repo) rate by 50 basis points to 7.25 per cent, while lowering the economic growth projection to 8 per cent for the current fiscal.To check inflation, Reserve Bank on Tuesday raised its short term lending (repo) rate... more
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Making payments through cheques may become a costlier affair from tomorrow, as RBI has allowed banks to levy higher service charges for their clearing, especially of high-value and outstation cheques.Making payments through cheques may become a costlier affair from tomorrow, as RBI has... more
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The Reserve Bank on Monday hinted at a hike in key rates in its mid-year policy review on Tuesday, saying that inflation is above the comfort level-an issue which finance minister Pranab Mukherjee has taken up with the central bank. http://www.indiareport.com/India-usa-uk-news/toi/Business/38518The Reserve Bank on Monday hinted at a hike in key rates in its mid-year policy review... more
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Prime Minister Manmohan Singh today said the Reserve Bank should look into Islamic banking practices in Malaysia, amid pressure on the central bank to introduce such a system in India."There have been from time to time demands for experimenting (with) Islamic banking. I would certainly recommend to RBI, which is looking into the question, to look at what is happening in Malaysia in this regard". http://www.indiareport.com/India-usa-uk-news/latest-news/924708/International/2/20/2Prime Minister Manmohan Singh today said the Reserve Bank should look into Islamic... more
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Amid expectations that RBI may raise short-term rates to contain inflation, the government today admitted that it is difficult to bring down the rate of price rise to an ideal level of 4-5 per cent, while the central bank said it is a challenge to keep it under check. http://www.indiareport.com/India-usa-uk-news/latest-news/924523/Business/4/30/4Amid expectations that RBI may raise short-term rates to contain inflation, the... more
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Reserve Bank of India is paying close attention on PayPal. Few week back, Indian financial regulator RBI enquired PayPal about their cross-border merchant transactions and due to that PayPal suspended their service of withdrawing funds to Indian local banks. Although PayPal got relief from Indian financial regulator and withdrawn from the suspension and resumed the service again since March 3rd, but imposed new rule for Indian PayPal users. This time onwards whenever you will withdraw money to your Indian bank, you have to select “Purpose Code” of your withdrawal. As per PayPal blog quote:
This information is required under the laws of India in order to identify the nature of cross-border merchant transactions.
So, “Purpose Code” is not at all the only requirement for Indian PayPal users, you have to furnish your PAN number too to update your account information once at the time of your log-in to PayPal.Reserve Bank of India is paying close attention on PayPal. Few week back, Indian... more
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Longoria put the Rays up 1-0 with his solo home run on the first pitch of the second inning. He gave them a 4-3 lead with another solo blast in the third.
Longoria put the Rays up 1-0 with his solo home run on the first pitch of the second... more
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Garret Anderson of the Los Angeles Angels became only the twelfth player in baseball history to hit ten or more RBI's. The last player to reach double digits was Alex Rodriguez who did it in 2005 against the Angels. Ironically, both Anderson and Rodriguez hit a pair of home runs in this Tuesdays game including Anderson's grand slam in the sixth.Garret Anderson of the Los Angeles Angels became only the twelfth player in baseball... more
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AROC
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added this
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4 years ago
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