A 100 basis point hike in the Statutory Liquidity Ratio (SLR) by RBI cannot be ruled out at its policy meet next week, DBS said in a note on Friday.
SLR, now at 24 per cent, is the minimum share of bank deposits to be held in approved government securities.
DBS said the hike in SLR would reverse the 100 basis points cut implemented in November 2008. The SLR was held steady for 11 years before last year’s cut.
DBS also said it expects the first rate hike to come in January 2010.
“Our current forecast is for 200 basis points of hikes in 2010 though another 50-150 basis points of hikes would not come as a big surprise,” said Ramya Suryanarayanan, economist at DBS in Singapore.
At its policy review on Oct. 27, the Reserve Bank of India (RBI), is expected to keep the benchmark lending and borrowing rates on hold, a Reuters poll showed on Friday.
The US says it wants India as a global power to play a bigger role for regional stability, regional security and economic development as also in finding a global solution to climate change.
“India is a global power,” Assistant Secretary of State for Public Affairs, Philip J Crowley told reporters on Friday as Secretary of State, Hillary Clinton arrived in India for her first visit to the country as America’s chief diplomat. Read the rest of this entry »
Top corporate leaders from India Inc are expecting finance minister Pranab Mukherjee to announce key policy decisions in the coming months so as
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to put the country back on the fast track of economic growth. They said the expectations from the Budget were too high, considering the government had won the elections with clear majority.
Participating in a panel discussion held at ET NOW’s studios in Mumbai and New Delhi, KV Kamath, chairman of ICICI Bank, said the finance minister has set a goal to look at an inclusive growth. “This will mean that there will be some deficit, but what caused surprise in the markets was the number. As far as lack of policy announcements go, the Budget is not the place for it. These announcements can happen later as well,” he said. More
Slain Communist Party of India-Marxist (CPI-M) legislator Ajit Sarkar’s widow Madhavi Sarkar, who is contesting the Lok Sabh polls from Bihar’s Purnia constituency, has asked the Election Commission to provide her adequate security against her husband’s murderer and Rashtriya Janata Dal (RJD) MP Pappu Yadav.
Prime Minister Manmohan Singh is recuperating well in post-operative care after the marathon bypass surgery here Saturday. Doctors said Sunday they were “more than happy” with his recovery and he also spoke to his family.
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What is Conveyancing ?
Conveyancing is the transfer of title of property from one person to another, or the granting of an encumbrance such as a mortgage or a lien.
A system of conveyancing is usually designed to ensure that the buyer secures title to the land together with all the rights that run with the land, and is notified of any restrictions in advance of purchase.
In UK this is usually done by a solicitor or a licensed conveyancer.
Bolton Jones is one such firm in the UK which offers cheap conveyancing services in Liverpool and across the UK. They have the best and the cheapest services for people in and around Liverpool. They offer very competitive prices for all conveyancing services , selling or re-mortgaging a home. You can get in contact with them for all types of fixed cost conveyancing services by a qualified and experienced residential conveyancing solicitor.
The Foreign Secretaries of India and Pakistan will review the two rounds of the Composite Dialogue they had in Islamabad and New Delhi on January 17 and 18 in New Delhi. Read the rest of this entry »
Union Petroleum and Natural Gas Minister Mani Shankar Aiyar on Thursday said that the Government was considering separate colours for domestic and commercial LPG cylinders to prevent the use of subsidised cooking gas for non-domestic purposes. Read the rest of this entry »
When any of your lover or well-wishers have been charged with any criminal, then smart attorney can make a lot of difference between freedom and jail. Read the rest of this entry »
Medical malpractice is just ordinary negligence by a healthcare provider which causes injury. Every malpractice case is unique and the value depends on a detailed analysis of all elements of liability, causation, and damages. Read the rest of this entry »