financial literacy

MCX-SX to have 40-stock barometer index


September 12th, 2012 - 9:30 pm ICT by IANS
New Delhi, Sep 12 (IANS) MCX-SX, the new entrant to the stock market trading, Wednesday said its barometer index will be SX-40 which will be a free-float-based index of ... Read more...

Posted in Business |

Government assures help to revive mutual fund business


July 2nd, 2012 - 9:28 pm ICT by IANS
New Delhi, July 2 (IANS) The government Monday said it would work in association with market regulator Securities and Exchange Board of India (SEBI) to help revive the mutual ... Read more...

Posted in Business |

India gets $40 mn aid from IKEA


April 10th, 2012 - 7:52 pm ICT by IANS
New Delhi, April 10 (IANS) In a move that will allow the United Nations Development Programme (UNDP) to reach 2.2 million women and their families in over 20,000 villages, international ... Read more...

Posted in Business |

RBI cautions investors against illegal finance companies


January 7th, 2012 - 5:53 pm ICT by IANS
Bagmara (Tripura), Jan 7 (IANS) The Reserve Bank of India (RBI) Saturday asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in ... Read more...

Posted in Business |

RBI to launch schemes for raising credit flow to northeast


May 20th, 2011 - 12:35 am ICT by IANS
Agartala, May 19 (IANS) The Reserve Bank of India (RBI) has asked banks to introduce bankable schemes and open financial literacy and credit counselling centres in the northeast to improve ... Read more...

Posted in Business |

Sound banking system needed for financial stability: Pranab


March 27th, 2011 - 5:48 pm ICT by IANS
Mumbai, March 27 (IANS) A sound and resilient banking sector, well-functioning financial markets, robust liquidity management and payment and settlement infrastructure have become the pre-requisites for financial stability, union ... Read more...

Posted in Business |

India to face challenge of inclusive growth


February 10th, 2011 - 3:15 pm ICT by ANI
Bhopal, Feb 10 (ANI): Reserve Bank of India (RBI) Governor D. Subbarao has India would face the challenges of inclusive growth in the coming days as the country would move on a ... Read more...

Posted in Business |

UTI Mutual Fund, HDFC launch investor education project


February 2nd, 2011 - 6:03 pm ICT by IANS
Thiruvananthapuram, Feb 2 (IANS) UTI Mutual Fund Wednesday announced its tie-up with HDFC Bank for an investor education initiative called 'Swatantra' in Kerala, Karnataka and Tamil Nadu."We are happy to partner with ... Read more...

Posted in Business |

Financial oversight body by December: Minister


November 23rd, 2010 - 7:50 pm ICT by IANS
New Delhi, Nov 23 (IANS) Financial Stability Development Council (FSDC), India's apex-level body for the financial sector, is expected to come into force by December, Minister of State for Finance Namo ... Read more...

Posted in Business |

Knee-jerk reactions by insurance regulator pose challenge: Experts


November 22nd, 2010 - 9:20 pm ICT by IANS
Mumbai, Nov 22 (IANS) An insurance regulator who is on a learning curve and life insurance chief executives who do not understand the basic tenets of the business are some of the ... Read more...

Posted in Business |

Mukherjee discusses setting up FSDC with regulators


October 12th, 2010 - 7:40 pm ICT by IANS
New Delhi, Oct 12 (IANS) Finance Minister Pranab Mukherjee Tuesday discussed with top financial regulators, including Reserve Bank Governor D. Subbarao and SEBI Chairman C.B. Bhave, the setting up of the ... Read more...

Posted in Business |

G-20 should protect interests of financial consumers: NGO


October 9th, 2010 - 9:24 pm ICT by IANS
New Delhi, Oct 9 (IANS) The G-20 should take concrete action to protect the interests of financial services consumers who have been badly hit by the recent downturn in the industry, ... Read more...

Posted in Business |

India eying double-digit growth by 2012: Mukherjee


October 7th, 2010 - 5:16 pm ICT by IANS
New York, Oct 7 (IANS) India is targeting double-digit economic growth by 2012, buoyed by an estimated near nine percent growth in the first quarter of the current financial year, Finance ... Read more...

Posted in Business |

Railway and finance ministries join hands to educate investors


October 6th, 2010 - 9:25 pm ICT by IANS
New Delhi, Oct 6 (IANS) Minister of State for Finance Namo Narain Meena Wednesday flagged off a train carrying investors awareness messages as part of the Indian Railways and the finance ministry's ... Read more...

Posted in Business |

ICICI Bank to strenghten ties with Rajasthan


October 6th, 2010 - 8:03 pm ICT by IANS
Jaipur, Oct 6 (IANS) ICICI Bank Wednesday announced a series of initiatives to strengthen its association with Rajasthan post its integration with Bank of Rajasthan.The initiatives includes a data recovery centre and ... Read more...

Posted in Business |

Khurshid ‘dismayed’ over Gadkari’s Afzal comments


July 13th, 2010 - 7:47 pm ICT by IANS
Kolkata, July 13 (IANS) Corporate Affairs Minister Salman Khurshid Tuesday expressed dismay over Bharatiya Janata Party (BJP) president Nitin Gadkari's controversial comment terming parliament attack convict Afzal Guru as the "son-in-law" ... Read more...

Posted in Politics |

West Bengal proposes joint venture capital fund with centre


July 13th, 2010 - 7:43 pm ICT by IANS
Kolkata, July 13 (IANS) West Bengal Finance Minister Asim Dasgupta Tuesday proposed a joint venture capital fund with the centre to facilitate small and medium scale industries in the state."My suggestion is, if ... Read more...

Posted in Business |

Pranab Mukherjee asks state governments and banks to improve credit flow


June 28th, 2010 - 9:12 pm ICT by ANI
Mumbai, June 28 (ANI): Union Finance Minister Pranab Mukherjee on Monday asked State Governments and bankers to position themselves to finance the emerging demand for credit from agriculture, manufacturing and services ... Read more...

Posted in National |

Most young adults still financially unaware


June 3rd, 2010 - 4:01 pm ICT by IANS
Washington, June 3 (IANS) Knowledge or awareness of financial matters, even in the aftermath of the global financial crisis, is still low among young adults, according to a study conducted in the ... Read more...

Posted in World |

Savings account in child’s name can provide lifelong benefits


May 2nd, 2010 - 11:17 am ICT by ANI
Washington, May 2 (ANI): A study has found that opening a savings account in the child's name can provide lifelong benefits to the child.Child Development Accounts (CDAs) are savings accounts that begin ... Read more...

Posted in Business |

Confederate History Month Proclamation Of Bob McDonnell Gets Mixed Reaction


April 7th, 2010 - 7:18 pm ICT by GD
By Ranjan Bhaduri Virginia, Apr 7, (THAINDIAN NEWS) A typical right-wing tradition that was almost kept buried by the democrat governors like Tim Kaine and Mark Warner is going to return in Virginia. ... Read more...

Posted in Politics |

RBI seeks banking services in all villages by March 2012 (Lead)


March 22nd, 2010 - 7:10 pm ICT by IANS
Bangalore, March 22 (IANS) The Reserve Bank of India (RBI) Monday asked banks to draw a roadmap to provide financial services to all villages with a population of over 2,000 by ... Read more...

Posted in Business |

Pranab asks banks to reach out to ignored segments


March 22nd, 2010 - 5:50 pm ICT by IANS
Bangalore, March 22 (IANS) Finance Minister Pranab Mukherjee Monday called for a change in the mindset of bankers and other stakeholders for financial inclusion of the hitherto un-reached and under-reached segments ... Read more...

Posted in Business |

Pranab sticks to 7.2 percent growth in 2009-10


March 22nd, 2010 - 2:42 pm ICT by IANS
Bangalore, March 22 (IANS) Finance Minister Pranab Mukherjee Monday said the government was sticking to an estimated 7.2 percent growth rate for this fiscal (2009-10) and 8.5 percent for 2010-11. "I have ... Read more...

Posted in Business |

Pranab Mukherjee to inaugurate Reserve Bank/ OECD seminar in Bangalore


March 22nd, 2010 - 2:36 pm ICT by ANI
Bangalore, Mar 22 (ANI): Finance Minister Pranab Mukherjee will on Monday inaugurate an International workshop on 'Financial Literacy' in Bangalore.The two-day workshop has been organized by the Reserve Bank of India ... Read more...

Posted in National |

RBI to host international meet on financial inclusion


February 8th, 2010 - 10:20 pm ICT by IANS
Bangalore, Feb 8 (IANS) The Reserve Bank of India (RBI) will host an international convention on "financial inclusion and financial literacy" here March 22 as part of its platinum jubilee celebrations. Union ... Read more...

Posted in Business |

Sikkim to become a model banking state in Northeast


February 8th, 2010 - 9:58 pm ICT by ANI
By Tashi PradhanGangtok, Feb 8 (ANI): Sikkim is all set to become a model banking state in the Northeastern region of the country.With the aim of making access to banks easier for ... Read more...

Posted in Feature |

Michelle Obama kick-starts mentoring program at White House


November 3rd, 2009 - 2:31 pm ICT by ANI
Washington, Nov. 3 (ANI): US First Lady Michelle Obama has launched a mentoring program, under which 20 high school girls will be mentored by top White House officials to help them ... Read more...

Posted in World |

RBI chief launches financial literacy drive in rural Bangalore


September 22nd, 2009 - 8:49 pm ICT by IANS
Bangalore, Sep 22 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Tuesday initiated a financial literacy programme in a hamlet, 60 km from India's tech hub, with a goal of achieving ... Read more...

Posted in Business |

RBI selects Karnataka to introduce course on financial sector


May 14th, 2009 - 11:15 pm ICT by IANS
Bangalore, May 14 (IANS) Keen to improve the country's "financial literacy", the Reserve Bank of India (RBI) has decided to introduce financial sector issues as part of the curriculum in schools and ... Read more...

Posted in Business |

New board game ‘Money Matters’ to help teens learn managing finances


April 19th, 2009 - 10:39 am ICT by ANI
Washington, April 19 (ANI): Art students at Spelman College in Georgia, US, have developed an interactive board game to promote financial literacy, called 'Money Matters'.They say that their interactive board game ... Read more...

Posted in Business |

Highlights of monetary policy review by central bank


October 24th, 2008 - 2:39 pm ICT by IANS
Mumbai, Oct 24 (IANS) Following are the highlights of the mid-term review of India's monetary policy conducted by Reserve Bank of India (RBI) Governor D. Subbarao Friday:- Bank rate, repo rate and ... Read more...

Posted in Business |

Rural poor still depend on moneylenders: RBI survey


April 17th, 2008 - 12:03 am ICT by admin
Mumbai, April 16 (IANS) A survey the Reserve Bank of India (RBI) conducted in 300 districts has revealed that people from the lowest strata of society continued to depend on local money ... Read more...

Posted in Business |

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