Federal Reserve Chairman Ben Bernanke held off from offering more stimulus to help economic growth

Gold climbed after Federal Reserve Chairman Ben Bernanke held off from offering more stimulus to help economic growth, boosting the appeal of investments that can act as a protection of wealth. The gold on the COMEX rose 2.5% to USD 1,841.50 an ounce before trading up USD 19.20, or 1.1% at USD 1,816.50. Silver also rose 0.5% to USD 41.20...

read more

Japan's finance minister to be new PM.

Japanese Finance Minister Yoshihiko Noda was chosen on Monday to become the sixth prime minister in five years, but he needs to overcome a divided parliament and deep rifts in the ruling party if he is to make more of a mark than his recent predecessors. Noda appears to be a safe pair of hands to lead the world's third-biggest economy but...

read more

NSE to launch Global Indices S&P 500, Dow Jones futures from 29 Aug

Dow jones This is the first time that derivative contracts on global indices are being launched in India. This is also the first time in the world that futures contracts on the S&P 500 index are being introduced and listed on an exchange outside of their home country, the US. In order to encourage active participation in the futures...

read more

This Week Is Likely To Provide More disagreeable situation

Yesterday’s revision of 2nd quarter GDP growth and Fed Chairman Bernanke’s speech are now history. With the Fed’s decision on another round of stimulus kicked out to its next FOMC meeting in late September, and 3rd quarter earnings not due for a month and a half, the market will return to focusing on individual economic reports and recession...

read more

World Economic Growth for Q2 downgraded

The economy got a downgrade for the second quarter but it was in line with expectations.  The Commerce Department’s second estimate for second quarter GDP growth was nudged down to a modest gain of 1.0 percent annualized, compared to the initial estimate of 1.3 percent and to first quarter growth of 0.4 percent.  Analysts had projected...

read more

40% chance of Recession in us 2012

Expect 40% chance of dipping back into recession, since recovery is threatening to stall and become unsustainable to remain on the path to growth, says Vincent Reinhart, a former director of the Federal Reserve Board’s Division of Monetary Affairs and resident scholar at the American Enterprise Institute for Public Policy Research. "An economy...

read more

Jan Lokpal Draft &Government’s Draft

Scam master due to Coalition Dharma and they can't help to get Lokpal due to which their PM has to reply for scam issues.Government always claimed that PM is free from every scam issue so why they fear to have Lokpal draft which gives power to Lokpal & accountability to PM.We need a Law under which all Scam Master can be booked &...

read more

Jan Lokpal VS Govt. Lokpal

Provides illegitimate protection to the corrupt officials? If a citizen complains against a govt officer’s corruption to Lokpal… •Govt officer can file a Cross Complaint directly to the Special Court without Preliminary Enquiry that whether complain was frivolous •Govt officer given free advocate while the Citizen has to defend himself •If complain proved frivolous citizen gets minimum 2 years jail •If corruption of...

read more

Anna Hazare breaks fast after 12 Days relived.

Anna Hazare ended his 12-day fast on Sunday morning before thousands of cheering supporters at Ramlila Maidan. The 74-year-old Gandhian accepted a glass of tender coconut water mixed with honey from a Dalit and a Muslim girl -- Simran and Ikrah -- at 10:20 am on the dais at the Ramlila Ground ending over 288 hours of fast that began on August...

read more

FD Rate around the world

Time Deposit Rates around the World  Time Deposit Rates around the World Term Deposit Account Details Type Currency APR* HSBC Vietnam 1 Year Time Deposit  These interest rates are applicable for a 12 month / 1 year term and require minimum deposit of VND10,000,000. The rate varies...

read more

Income Tax Act

I Preliminary II Basis of charge III Incomes which do not form part of total income IV Computation of total income V Income of other persons, included in assessee’s total income VI Aggregation of income and set off or carry forward...

read more