New Rules for Salary Account Opening

Currently the easiest way to open a bank account is opening a Salary Account through the Company. Just fill the form, give a photo and company gives a letter and presto the account is openned. But finding fault in this process of opening accounts without proper KYC norms, RBI has asked banks to ensure that ...

China opens New Shanghai-Hangzhou high-speed rail Line

Just read a new update on China opening a new High-Speed Rail Line between Shanghai & Hangzhou. It was amazing to see the country progress so well – building high-speed rail networks to transport people across the country. But 2 things caught my eye: 1. The Current time taken to cover this distance of 202KM ...

Retail Subscription Limit Limit Increased

SEBI has increased the maximum amount applicable for retail investors from Rs.1 Lakh to Rs.2 Lakh. There are both positives & negatives of this move. Positive: – It will increase the subscription amount in Retail Category with more investors using the ceiling amount of Rs.2 Lakh Negative: – It will reduce the allocation of shares ...

FDFS – Enthiran Rocks

Got to see the FDFS – First Day First Show of Enthiran Movie at Albert Theatre (8AM) in Chennai today. Atmosphere – great, so much noise outside and during the start of the movie. After the movie had a tough time getting out of the theatre complex – too much crowd & noise. About the ...