Those writing cheques without adequate funds in their account risk having their account blocked, a measure that will further tighten the regime around bounced cheques. India’s largest lender, the State Bank of India , has decided to close the accounts of those customers who default on their cheques too frequently, a lead other banks are [...]
Archive for the ‘General Information’ Category
Frequent default of cheques can lead to closure of your account
Posted by khyati on October 14th, 2010
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FM worried with rising current a/c & trade deficits
Posted by khyati on October 14th, 2010
Union finance minister Pranab Mukherjee expressed concern over the rising current account and trade deficits and suggested a wider export market besides Europe and North America to correct the imbalances. “I have apprehensions because the current account deficit has increased-…Trade imbalances have increased because exports have not grown in absolute terms compared to imports. So, [...]
All you want to know about UID
Posted by khyati on October 14th, 2010
Tembhali village of Maharashtra’s Nandurbar district earned the prestigious spot on the Indian map on September 29, 2010 where Prime Minister Dr Manmohan Singh and Congress chief Sonia Gandhi initiated the process of distributing the much talked about Unique Identification Number to villagers. The Unique Identification Database Authority of India has been under the media [...]
ED asked to disclose black money stashed abroad
Posted by khyati on October 13th, 2010
In a major development towards bringing transparency in the probe into black money stashed in Swiss banks, the Central Information Commission has directed the Enforcement Directorate to make public an estimate of the total amount of such money involved in its investigations. Rejecting the contention of the Directorate that it has been exempted from making [...]
Govt likely to relax SEZ contiguity norms
Posted by khyati on October 13th, 2010
The government is likely to announce the relaxation norms regarding contiguity of the large-scale special economic zones in the next meeting of the Board of Approval on October 21. This is likely to benefit the SEZs promoted by Reliance , Raheja Developers and IFFCO, among others. Developers had long been insisting on relaxing the contiguity [...]
Can one renew the family floater policy if the primary insured dies?
Posted by khyati on October 13th, 2010
You can go without a life cover . Provided you don’t have anyone financially dependent on you. However, there is no excuse for not having a health cover. This is not just because of the mounting health care cost. Financial advisors are justifiably concerned that an unforeseen hospitalisation can upset your financial health beyond repair. [...]
