News at a Glance
PNB will impose a heavier fine from October on current account holders
A heavier fine will be imposed by Punjab National Bank from October on current account holders for not maintaining the quarterly average balance as per the revised tariff.For PNB Smart Banking current account, silver account holders.
Posted On :06/Sep/2016 11:20:07 AM
Urjit Patel assumes charge as new RBI Governor
The Reserve Bank of India (RBI) in a press release has mentioned: Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013
Posted On :06/Sep/2016 10:53:19 AM
AIFs are the new in thing with High Net worth Individuals
Data has shown that a growing number of high net worth investors are slowly gravitating toward more structured products like the AIF, or Alternative Investment Funds. These provide flexibility and investment opportunities.
Posted On :06/Sep/2016 9:09:31 AM
SBI plans to initiate its merger with its five associates by the end of October
The central board of the SBI had approved the acquisition of all the five associate banks and Bharatiya Mahila Bank and finalised the swap ratios for the merger.The State Bank of India plans to initiate its merger with its five associates.
Posted On :05/Sep/2016 11:43:01 AM
Black money holders have the option to file declarations electronically
The income tax department has now given the declarants under the Income Disclosure Scheme (IDS) the option to file declarations electronically under digital signature with the Commissioner of Income Tax, CPC, Bengaluru.
Posted On :05/Sep/2016 11:38:32 AM
Air Carnival to connect Chennai and Madurai with evening flights
Air Carnival, a regional airline in India has launched evening flights between Chennai and Madurai. In his not about this, the Chief Executive Officer of the airline, Manishkumar Singh stated that Air Carnival has been offering flight services.
Posted On :05/Sep/2016 10:39:48 AM
Global Crude oil price of Indian Basket was US$ 43.71 per bbl on 01.09.2016
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 43.71 per barrel (bbl) on 01.09.2016.
Posted On :02/Sep/2016 2:26:21 PM
AAI cancels flights from Chennai
The Airport Authority of India has permanently cancelled Air Asia services from Chennai to other cities including Coimbatore, Madurai and Bengaluru. Frequent cancellation of flight services, no timely take off of flights.
Posted On :01/Sep/2016 5:27:53 PM
RBI employees to jump into nationwide strike
The nationwide day long strike by the central trade unions will also see participation by the workers and employees of the Reserve Bank of India.In a joint statement by the All India Reserve Bank Employees� Association and All India Reserve Bank Workers� Federation
Posted On :01/Sep/2016 5:09:00 PM
LPG price hike for third time since July
It is now the third time since July that the subsidized cooking gas better known as the LPG is price hiked today. This time, the price hike is about Rs 2 per cylinder. There was cut down in price of jet fuel by 3.8 percent.
Posted On :01/Sep/2016 4:28:13 PM
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