AISECT ltd. awarded TiE-Lumis Partners Entrepreneurial Excellence awardSeptember 29th, 2009 NEW DELHI - India's leading Education, Training and Services network, AISECT Ltd., recently won the TiE-Lumis Partners Entrepreneurial Excellence Award held in Delhi. The main thought behind this award was to honour the endeavor and spirit of entrepreneurs who have made a mark in their respective sectors.
Volkswagen India plans to double distribution networkSeptember 25th, 2009 CHENNAI - German auto giant Volkswagen is planning to double its distribution network in India and increase brand spend before its much awaited entry into the country's small car segment early next year, a top official said here Friday. "Gearing up to the launch of our high volume model Polo, we are expanding our distribution network.
Reserve Bank on mission to take banking to villagesSeptember 7th, 2009 PITRA - Radharani Sutradhar, a middle-aged homemaker in this village not far from capital Agartala, wants to open a bank account, but there is no bank in her village or any village nearby. Fellow villager Hira Chowdhury was refused a loan by a bank at the district headquarters.
Micro finance will empower north-east, says Tripura ministerSeptember 6th, 2009 AGARTALA - Micro-finance and banking support to self-help groups (SHGs) could help financial empowerment in the north-east, according to Tripura Finance Minister Badal Chowdhury. "The SHG movement promises to be an attractive income generation option in the north-eastern states, but the desired level of support from the banks and financial institutions is lagging," Chowdhury said here in an address at a Reserve Bank of India (RBI) seminar over the weekend.
NGOs, retired people to spread banking services in villagesSeptember 4th, 2009 AGARTALA - The Reserve Bank of India (RBI) will soon engage agents to provide banking services in villages, says RBI deputy governor Usha Thorat. "To act on behalf of the banks and to provide certain banking services among the uncovered people, non-government organisations, self-help groups, cooperatives, financial bodies, retired teachers and government employees and responsible citizens would soon be employed as banking correspondents or agents," Thorat said while addressing a seminar in Agartala late Friday.
Deficient rains may lead to further price rise: RBIAugust 18th, 2009 NEW DELHI - The erratic monsoon may lead to a further rise in prices of essential commodities, the Reserve Bank of India said Tuesday. "The erratic monsoon may put pressure on inflation and could increase the prices," RBI Deputy Governor K.C.
Central bank will aim at 9 percent growth: GovernorJuly 11th, 2009 MUMBAI - Reserve Bank of India (RBI) Governor D. Subbarao has expressed optimism that India will soon return to a high economic growth of 9 percent, even as he ruled out the spectre of deflation in the country, when low inflation is accompanied by low industrial output.
Consumer watchdog draws fire from banking industry, threatens old profit modelJune 19th, 2009 Summary Box: Banks seek to derail consumer agencyTHE PROPOSAL: As part of sweeping efforts to overhaul the financial system, the Obama administration wants to create a new agency to protect consumers from risky or deceptive products. THE DETAILS: The Consumer Financial Protection Agency, if approved by Congress, would have broad authority to protect consumers of credit, savings and other consumer financial products and services.
RBI Governor advises banks to invest in newer technologiesMay 18th, 2009 HYDERABAD - To meet the demands of households and businesses, Reserve Bank of India Governor Duvvuri Subbarao on Monday advised banks to invest in newer technologies. "We know that investment in newer technologies must be made to modernise the existing operations, to face competitive challenges and to meet customer expectations.
'Regulation insulated India from economic crisis'May 13th, 2009 NEW DELHI - The current global financial crisis, the worst in six decades, is expected to bottom out from the end of this year even as India has managed to emerge largely unscathed, former central bank governor Y.V. Reddy has said.
Yale seminar to focus on business scope in IndiaApril 2nd, 2009 NEW HAVEN - Ivy League business school Yale School of Management will Friday organise a seminar on emerging business opportunities in India during the current economic crisis. The seminar will focus on the impact of the global financial crisis on the Indian economy and discuss the opportunities and challenges faced by foreign investors in India.
RBI denies discussing interest rate cut with governmentMarch 1st, 2009 NEW DELHI - Putting at rest speculations over cut in key rates, Reserve Bank of India Governor D. Subbarao Saturday said his meeting with top officials of the government was to discuss India's position on the upcoming Group-20 (G-20) global finance ministers' meeting.
RBI governor denies discussing interest rate cut with governmentMarch 1st, 2009 NEW DELHI - Putting to rest speculations over cut in key rates, Reserve Bank of India Governor D. Subbarao Saturday said his meeting with top officials of the government was to discuss India's position on the upcoming Group-20 (G-20) global finance ministers' meeting.
Fixed monetary policy not possible, says RBI chiefFebruary 9th, 2009 NEW DELHI - Reserve Bank of India (RBI) Governor D. Subbarao Tuesday said a fixed roadmap for monetary policy was not possible because of the 'uncertainty' at global level.
Liquidity, smooth government borrowing to be ensured: RBIFebruary 5th, 2009 MUMBAI - Reserve Bank of India (RBI) Governor D. Subbarao Friday said he will ensure enough liquidity in the financial system and manage the government's borrowing programme in the 'least disruptive' manner.
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