SARFAESI Act 2002

The full form of SARFAESI Act as we know is Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Banks utilize this act as an effective tool for bad loans (NPA) recovery. It is possible where non-performing assets are backed by securities charged to the Bank by way of hypothecation or

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Quick Fact Sheet 1

Miss World 2008The 58th Miss world was held at Sandton Convention Centre in Johannesburg, South Africa.Results:Winner : Ksenia Sukhinova, Russia (Earlier Title: Miss Russia 2007)1st Runner-up : Parvati Omnakuttan IndiaParvati was crowned “Pantaloons Femina Miss India World 2008” in April 2008. She is originally from Kerala & now lives in Mumbai.2nd Runner-up: Gabrielle Walcott, Trinidad

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B.G. Verghese Committee

The Janta Government had appointed a Working Group on the autonomy of the Akashwani and Doordarshan in August 1977. The chairman of this committee was B.G. Verghese. The committee submitted its report on February 24, 1978. This committee’s main recommendation was “formation of Akash Bharti or the “National Broadcasting Trust“, both for the AIR and

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What are Mega Handloom Clusters?

Government of India has set up four mega handloom clusters at Varanasi (Uttar Pradesh), Sivasagar (Assam), Virudhunagar (Tamilnadu) and Murshidabad (West Bengal). Each mega handloom cluster has at least 25,000 handlooms and will be developed in a time period of 5 years with an upper Central Government share of Rs.70.00 crore. Two handloom clusters at

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List of Chief Ministers of Indian States

‘State /UT Name Took Office Party Andhra Pradesh Nallari Kiran Kumar Reddy 25-11-2010 INC Arunachal Pradesh Jarbom Gamlin 05-05-2011 INC Assam Tarun Kumar Gogoi 17-05-2001 INC Bihar Nitish Kumar 24-11-2005 JD (U) Chhattisgarh Raman Singh 07-12-2003 BJP Delhi Sheila Dikshit 03-12-1998 INC Goa Digambar Kamat 08-06-2007 INC Gujarat Narendra Modi 07-10-2001 BJP Haryana Bhupinder Singh

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Indian Money Market & Development of Banking in India

The money market is a mechanism that deals with the lending and borrowing of short term funds or debt securities (bankers acceptances, commercial paper, repos, negotiable certificates of deposit, and Treasury Bills with a maturity of one year or less). Money market securities are generally very safe investments which return a relatively low interest rate

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Punch Lines of major Banks in India

Hum Hai Na:ICICI Good People To Grow With: Indian Overseas Bank Good people to grow:State Bank Of India Tradition Of Trust:Allahabad Bank Trusted Family BankDena Bank Good People To Bank With:Union Bank Of India World’s Local Bank:HSBC We Understand Your World:HDFC Much More To Do With YOU In Focus:Andhra Bank A Friend You Can Bank

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List of Various Committees & Their Focus Area

Abhijit Sen Committee (2002) : Long Term Food Policy Abid Hussain Committee: On Small Scale Industries Ajit Kumar Committee : Army Pay Scales Athreya Committee: Restructuring Of IDBI Basel Committee: Banking Supervision Bhurelal Committee : Increase In Motor Vehicle Tax Bimal Julka Committee : Working Conditions ATCOS C B Bhave Committee : Company Information C

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