Category Archives: Happenings in India

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 … Continue reading

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Commission Reports on attacks on Church in Bangalore

Every minority group and “eminent personality” have trashed the commission report on attacks on Churches in Bangalore where the commission has said Hindu Groups are not to be blamed. Every group has said this report to be politically motivated to … Continue reading

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Government, Compensate because I will not.

We regularly hear politicians & activists demanding government give “adequate” compensation to people for a calamity or accident or mishap.  But if we ask these people how much they have helped the improvished/affected person, we will not receive any reply. … Continue reading

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Instant Money Transfer using Mobile

A new service was introduced by National Payments Corporation of India (NPCI) last week – IMPS (Interbank Mobile Payment Service). IMPS enables instant fund transfer from one bank account to another across the country almost instantly. Currently this service is … Continue reading

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2G Scam JPC Probe

2G Scam is the biggest scam to hit Indians.  CAG has already submitted it’s report wherein it has pointed irregularities by A.Raja as the Minister and the DoT in spectrum allocation to companies in 2007/08. Opposition has been demanding a … Continue reading

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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 … Continue reading

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Blocking Bulk SMS

Central Government has today banned bulk SMS for the next 72hrs in the wake of the Ayodhya Land Judgement tomorrow (24/Sept). While this is a good move to prevent rumours from spreading, I was surprised at the impact of this … Continue reading

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Kashmir proves we Indians are fools

Watching the events around Kashmir esp. in the recent past I am surprised that as a country (which we project as a growing power) we are not able to manage the situation created by a few selfish people. Or is … Continue reading

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Quota on Religious Basis

It is surprising that in India all poor are only from the so-called minority religions only. This is what can be interpreted from Supreme Court ruling allowing quota for poor among Muslims in Andhra Pradesh. Andhra Government has categoried almost … Continue reading

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SEBI’s acquital of NSDL

SEBI’s acquital of NSDL in the IPO scam is another proof of influence of the SEBI Chairman on the proceedings. NSDL as a depository should have put in place a system to identify multiple accounts and doubtful accounts. More than … Continue reading

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