Banks to lose on interest income

With the Reserve Bank of India (Amendment) Bill, 2006 coming into force, scheduled banks will not be entitled to interest on Cash Reserve Ratio (CRR) balances above the statutory minimum of 3% and up to the prescribed level of 5%. Consequently, the statutory minimum CRR of 3% has also been abolished. While RBI’s move will hit bank’s interest income, at the same time it will discourage banks to keep excess funds with RBI, thereby, leaving more funds with the banks for lending purpose. RBI has also constituted an internal technical group to review the system & draw out a medium term roadmap for CRR.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri


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“We plan to raise production to 100,000 units by 2010, investing Rs.4 billion”

In fact, Honda is unable to meet even its current demand in time. While other firms are romping up production to meet unprecedented surge in sales, Honda still struggles to reduce delivery time lapses. Anita Sharma, Corporate Communications, Honda, refutes, “We plan to raise production to 100,000 units by 2010, investing Rs.4 billion.” Concurs global head Takeo Fukui, “We’ll also expand production capacity to meet rising demand.” But by 2010, the birds would have fl own the nest Mr. Fukui!

For complete IIPM article click here

Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri


About IIPM ! IIPM Programmes ! IIPM Placement ! IIPM Alumni ! IIPM Alliances ! IIPM Ranking ! IIPM Director's Desk ! IIPM Dean's Message ! History of IIPM ! IIPM Mission ! IIPM Curriculum ! IIPM Project Based Learning ! IIPM GOTA ! IIPM Dual Specialisation ! IIPM Faculty ! IIPM GOP ! IIPM Campus Resources ! IIPM Campus Events ! IIPM Sports Club ! IIPM Support Services ! IIPM Campus ! IIPM Libraries ! IIPM Cafeteria ! IIPM Academic Centres ! IIPM Wilton Park Reports ! IIPM Feedback ! IIPM Links ! IIPM Sitemap ! Contact IIPM !

Bitten by Seabiscuit-itus!

Putting down my binoculars, my eyes gazed past the person with the pipe towards an elderly looking gentleman with a walking stick who had just voiced this profound thought. There were about thirty thousand people in the grandstand, ten thousand or so crammed into the infield and a couple of thousand more perched upon trees and telephone poles. It was a race between two horses, which had managed to breathe new life into the multitude pummelled and cowed by the severity of their own fates. “It’s a pity Pollard was thrown off that horse… Georgie Woolf ’s good, but Pollard really ought to have been here today,” said the first gentleman slowly smoking his pipe.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

EUROPE’S EURO

Currency of twelve European Union members, the euro was first introduced in 1999 and was launched in 2002. It was introduced under the provisions of Mastrich treaty and was aimed at bringing in more currency competitiveness. Major European nations like France, Germany and Netherlands are party to it and besides developing a union in Europe, euro has also emerged as a strong currency against the US dollar. Even after many conflicts between the euro zone nations, the euro still stands tall with a pride.

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Source:- IIPM Editorial, 2006