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G20 won’t end life support to global economy

Nov. 8: The British Prime Minister, Mr Gordon Brown’s, proposal of a glo-bal financial transactions levy has found no support amongst the G20 nations.Mr Brown, who addressed G20 finance ministers at St. Andrews on Saturday, urged the G20 to investigate ways to provide a fairer balance of risks and rewards between taxpayers, citizens, shareholders and bank employees.

Banks hiked liquidity in ’09

Mumbai, Sept. 21: Banks kept aside more capital against various risks during 2008-09 with their capital adequacy ratio increasing to 13.98 per cent from 13.01 per cent a year ago, as they became selective owing to the global financial crisis.

‘Market not good for retail gold investors’

Suresh Hundia is the president of Bombay Bullion Association and the promoter and chairman of Hundia Exports.

In the last one-and-a-half decade, Mr Hundia transformed his company into one of the top 10 importers of bullion in India.

RBI can probe derivatives flaw

Cuttack, Nov. 8: The CBI has said some banks have been found by the Reserve Bank to have violated foreign exchange norms in their derivatives trade, and the issue can be probed by the central bank and enforcement directorate (ED).

Food prices will fall by March, says Montek

Nov. 8: Forecasting that "food inflation" would ease out by the end of the current fiscal year (2009-10), the deputy chairman of planning commission, Dr Montek Singh Ahluwalia, on Sunday said, at the end of a bad monsoon, particularly at this point of time, the pressure is on vegetables.

Stimulus to end in 2010: PM

Nov. 8: The Prime Minister, Dr Manmohan Singh, on Sunday said that India will wind up the fiscal stimulus in 2010 but promised reforms in the financial sector to make funds available for the industry.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.