The Indian Railways has decided to put a break on its plan to increase the number of iconic Rajdhani Trains. This has been done in a bid to accommodate Duranto trains, which are planned to start for Nagpur-Mumbai, Delhi-Lucknow/Allahabad and Mumbai-Ahmadabad, within a month and a dozen more are in the plans.
These trains would be with AC as well as Non-AC coaches, the traveling time is shorter and would connect short-haul city pairs without halting in between. The fares are also lesser than Rajhdhani trains. Overall a great advantage for customers. Continue reading Indian Railways Introduces Duranto Trains On Key Lines
RBI Tries To Contain Inflation By Increasing SLR By 1%
The Reserve Bank of India (RBI) has hiked the SLR ( Statutory Liquidity Ratio) by 1% from 24% to 25%, while other key ratios have been kept unchanged. The move is aimed to keep a check on the inflation rate as it will suck up Rs 30,000 from the banking system. After the RBIs move banks are unlikely to increase rates in auto, home and education loans in the near term. But the RBI has raised the requirement for banks to keep the money aside while lending to this sector from 0.40 per cent to one per cent. This is a move to have provision for the NPAs in this sector. Continue reading RBI Tries To Contain Inflation By Increasing SLR By 1%
Tech Fests Still Popular With Indian Industry Despite Cost Cutting
While the global economic slowdown is making everyone cut costs, the Technical Festivals (often called Tech Fests) across India’s premier institutes are still getting their share of money. This time though there has been a shift from IT companies to sector specific companies. Continue reading Tech Fests Still Popular With Indian Industry Despite Cost Cutting
Harvard Tops Global University Ranking List And India Has Long Way To Go Before
London: Harvard University has topped the list of top 100 universities of the world. There are 36 universities from the US, 18 universities from the UK and 16 from the Asian Countries. Also, none of the Indian Universities is in the top 100, and that’s not a surprise to us. Continue reading Harvard Tops Global University Ranking List And India Has Long Way To Go Before
Gold Prices Rising: Worth Investing or Just Speculation?
India: Current upward movement in Gold prices has been due to, weakening of the US dollar, upcoming festive seasons, concerns on inflation due to low rates by the government. As gold has very less relationship to other asset classes, people consider it as a relatively less riskier investment (safe haven). Those of you who are thinking of borrowing money to invest in gold, think again as the interest rates in India are higher than the risk involved. Continue reading Gold Prices Rising: Worth Investing or Just Speculation?