Money as a means of payment, consists of coins, paper money and withdrawable bank deposits. Today, credit cards and electronic cash form an important component... Read More
Business
India, Malaysia Ink Free Trade Pact
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India signed a comprehensive economic cooperation agreement (CECA) with Malaysia, which will come into effect on 1st July 2011. The agreement with Malaysia gives its... Read More
Current Affairs-Trade and Commerce
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BP-Reliance in $ 7.2 Billion Oil-Gas Alliance In one of the country’s biggest energy deals, Reliance Industries today announced sale of 30 per cent stake... Read More
The World’s Biggest Bank
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Paris-based BNP Paribas has become the world’s biggest bank, with assets rising 34 per cent in last three years, reaching $3.23 trillion.... Read More
Ford Figo is car of the year
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Ford Figo selected ‘Indian Car of the Year’ by a jury of auto journalists in India Ford Figo was selected as Indian Car of the... Read More
The G-20 Members
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The G-20 is made up of the finance ministers and central bank governors of 19 countries,Plus the European Union. * Argentina * Australia * Brazil... Read More
Current Affairs-Finance & Economy
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RBI Raised Interest Rates RBI raised interest rates for the sixth time this year, Home loans would turn more expensive as banks are forced to... Read More
Indian Industries
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Cotton Textile Industry in India Most important industry in terms of employment and production of export goods. In Maharashtra (Mumbai, Sholapur, Pune, Kolhapur, Satara, Wardha,... Read More
China’s overseas trade
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China’s overseas trade o Is expected to touch $400 bn by 2010. Currently it is at $158.2 bn in FY05.... Read More
Economic,Commercial,Trade,Banking Terms
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ARBITRATION Referring dispute to disinterested party called arbitrator for decision, which will be binding. ANNUITY Payment of a fixed amount periodically for a limited time.... Read More