Himachal Pradesh Chief Minister Jai Ram Thakur kept key Home and Finance departments with him after the portfolios were alloted today. Besides Home and Finance, the chief minister will also look after the General Administration, Planning and Personnel department and all other departments not alloted to any minister. Mohinder Singh Thakur has been allocated Irrigation and Public Health, Horticulture and ... Read More »
LONDON (Reuters) – British banks approved the fewest mortgages in 15 months in November, when the Bank of England raised interest rates for the first time in more than a decade, industry figures showed on Thursday. FILE PHOTO – A row of houses are seen in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett Banks approved 39,507 mortgages for house purchase ... Read More »
THE GLOBAL FINANCIAL CRISIS has done next to nothing to change the convictions of mainstream economists. But the widespread lament over their willful blindness seems misplaced: there was never a realistic possibility that the economics profession would voluntarily break with the methodological sophistication and statistical formalism at the heart of its identity. Far more frustrating than the resilience of orthodox ... Read More »
The government has joined the Reserve Bank of India in cautioning potential customers from investing in cryptocurrencies such as Bitcoin, likening them to Ponzi schemes. “There has been a phenomenal increase in recent times in the price of virtual ‘currencies’ (VCs) including Bitcoin, in India and globally,” the Finance Ministry said in a statement on Friday. “VCs don’t have any ... Read More »
The Cabinet on Wednesday set the ball rolling for the constitution of the Fifteenth Finance Commission, which will decide the devolution formula for revenue-sharing between the Centre and States from the year 2020 till 2025. The Commission, whose members and terms of reference will be notified soon, will have to grapple with the significant changes in the taxation framework, such ... Read More »
Netflix borrowed $1.6bn on Monday to fund its investment in original movies and television shows as bankers wrapped up the company’s biggest bond sale. The deal, following stronger than expected subscriber growth in the third quarter, will help finance a growing $7bn to $8bn budget for original content next year as the streamed entertainment provider behind shows such as Stranger Things and House of Cards expands its ... Read More »
Dr. Ben Bernanke and Sir Tim Berners-Lee are speaking at an international banking conference in Toronto Oct. 16-18, but it’s not SWIFT’s Sibos, also being held in Toronto. The former chairman of the Federal Reserve and the inventor of the World Wide Web will be appearing at Swell, a new conference sponsored by Ripple, the global payments company that uses ... Read More »
A BENEFIT fraudster with a taste for the high life stole a £50,000 Porsche from a car finance firm. Glamorous Tania Stultz, 30, was claiming benefits when she paid a £14,000 deposit on the 4×4 Porsche Cayenne. ALAMY The fraudster was convicted at Croydon Crown Court The mum-of-three had previously been handed a suspended sentence for a four-year £21,000 benefit ... Read More »
The Sardar Sarovar Dam over the Narmada rover at Kevadiya in Narmada district of Gujarat. Photo: AP Optics is as air for politicians. It is no different for Prime Minister Narendra Modi and what is commonly known as the Narmada Dam. But even air can sometimes get dense with rhetoric. On 17 September, Modi inaugurated the Sardar Sarovar Dam, the ... Read More »
GNLU Centre for banking and Financial Laws is a Centre for excellence to promote research interest in Banking and Financial Laws. Its aim to sharpen financial and legal acumen of the stakeholders by advancing academic theories to develop new insights into opportunities existing in financial sector and challenges facing the financial institution Dates:17th – 18th March, 2017 Venue: GNLU Gandhinagar Theme: ... Read More »
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