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Page-8 of Topic: November 2012

What is NPA ? What are the Loan classification norms ? What is Provisioning Coverage Ratio (PCR) ?

NPA = Non-Performing Asset Loans and advances given by the banks to its customers is are an Asset to the bank. Just for the sake of simplicity, we...

November 20, 2012

PSBs see a record rise in Gross NPAs.

The Gross NPAs (Non Performing Assets) to advances ratio for PSBs (Public Sector Banks) rose to a record high at the end of September 2012. As of September...

November 20, 2012

Rakesh Jhunjhunwala: India’s Warren Buffet

Rakesh Jhunjhunwala Indian investor and trader A qualified Chartered accountant Owner of Rare Enterprises Chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd Net worth: USD...

November 20, 2012

Flipora: Social Surfing service

Flipora A Social Surfing service A Personalized Search (webpage recommendation) and Discovery engine Made by Infoaxe Inc. Formerly called InfoAxe, Flipora grew from a service that helped users...

November 20, 2012

Japan inks pact with India to import rare earth metals from India

India and Japan  inked a strategic agreement that will allow Japan to import rare earth minerals from India.  Why such a move by Japan? (more…)

November 20, 2012    International / World Current Affairs

Rajiv Gandhi Equity Savings Scheme (RGESS) set for launch

RGESS (Rajiv Gandhi Equity Savings Scheme) The finance ministry is set to notify the Rajiv Gandhi Equity Savings Scheme (RGESS). Finance Minister P Chidambaram had approved the RGESS...

November 20, 2012

Inflation “quite high”: Subbarao

RBI Governor D. Subbarao held that the inflation is  “quite high” at 7.45%. He remarked over the falling of headline inflation to 7.45% in October 2012 from 7.81%...

November 20, 2012

What is e-tailing ?

e-tailing = electronic retailing selling of retail goods on the Internet. e-tailing or "virtual storefronts" on Web sites with online catalogs, sometimes gathered into a "virtual mall" Online...

November 19, 2012

Dr Ami Bera: 3rd Indian-American elected to Congress

Dr. Ami Bera Indian-American physician from California Won the Congressional election from California 3rd person of Indian-origin to be elected to the US House of Representatives Other Indian-Americans...

November 19, 2012

MACS0647-JD : possibly the oldest and farthest galaxy ever seen from Earth

Astronomers spotted the furthest galaxy ever, a little cluster named ‘MACS0647-JD’ b/w the Big and Little Dippers. Probably the most distant, and thus oldest, galaxy ever seen. Distance...

November 19, 2012    Science & Technology

K.C.Pant passes away

India’s former defence minister and Planning Commission deputy chairman Krishna Chandra Pant (81) passed away. Pant was India’s defence minister between 1987 and 1989, when the Congress party...

November 18, 2012

Kisan Credit Cards (KCCs) to be converted into ATM cards

Finance Minister P.Chidambaram informed that the State-owned banks have been asked to strictly adhere to the March, 2014 time-line for converting all Kisan Credit Cards (KCCs) to ATM...

November 18, 2012

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