Mulk Raj Anand (1905-2004) was a founding father of the Indian novels in English. He was from Peshawar, Pakistan and is acclaimed as of being India’s Charles Dickens. He was one of the first writers from India to gain an international readership in English and was the founding president of Progressive Writers’ Association. He also ..
Municipal bonds all over the world have a huge capital market but in India these have not been used. The government is drawing up a list of municipalities which could issue bonds to attract funds from the capital market. As per a recent statement of Urban Development minister Kamalnath, Government has assigned an agency to ..
Meteosat-10 is the latest second generation weather satellite (MSG-3) in Europe’s highly successful Meteosat series launched from Ariane 5 spacecraft 5 July, 2012 from Europe’s Spaceport at the Guiana Space Centre in Kourou, French Guiana. Meteosat series of satellites are geostationary meteorological satellites operated by EUMETSAT under the Meteosat Transition Programme (MTP) and the Meteosat ..
There are four most important Micro Finance models prevalent in India as follows: Model I – individuals or group borrowers are financed directly by banks without the intervention/facilitation of any Non-Government Organisation (NGO). Model II – borrowers are financed directly with the facilitation extended by formal or informal agencies like Government, Commercial Banks and Micro-Finance ..
Reserve Bank panel headed by Union Bank of India Chairman and Managing Director M V Nair has made some important recommendations on priority sector lending. Please note the following points: Retaining the existing 40 per cent ceiling for the priority sector lending segment. It’s worth note that some banks were demanding lowering the targets while ..