Interest Rates of Savings A/c

RBI has made 2 important announcements in the past 10days – the recent being increasing the interest rates on Savings Account from 3.5% to 4.0%. This is definitely a good news for the a/c holders, esp. people who maintain high balances. This increase comes after almost 2 decade. The 1st announcement was release of a ...

More Trains in India?

Indian Railways now runs around 10000 Passenger Trains every day. Plans to increase the number of trains has resulted in an unexpected change in Indian Railways. Currently the Passenger Train Numbers are 4-digit numbers and this does not allow Railways to introduce new trains. So from 20th December 2010, the Train Numbers have been converted ...

New Year – New Hope?

New Year has Dawn! The New Year brings with it new hopes of a better Economy and Peace. The year gone-by was one to remember and to forget – to remember for the lessons learnt from the mistakes made; and to forget for the horrible events that unfolded over the months. Change has been the ...

Urbanisation

Urbanisation, the phenomenon that is sweeping through the world and silently causing more harm than benefit to mankind, has been praised for the economic development of the poor. It has been said that the world will be more Urban than Rural (which it has been since time immemorial) in the days to come. What is ...