i luv india
0 view | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by Manikandan Sriraman from Technology in Business Today
Scoop.it!

Four Indians among Fortune's list of top-50 women business leaders

Four Indians among Fortune's list of top-50 women business leaders | i luv india | Scoop.it
Chanda Kochhar has been ranked fourth, followed by NSE chief Chitra Ramkrishna at 17th, Axis Bank's Shikha Sharma at 32nd and HSBC's Naina Lal Kidwai at 42nd place.

Via TechinBiz
more...
No comment yet.
Rescooped by Manikandan Sriraman from Gold and What Moves it.
Scoop.it!

The 200 tons of Gold that saved India

The 200 tons of Gold that saved India | i luv india | Scoop.it

By Sreekumar Raghavan
KOCHI, INDIA (Bullion Street): India's love for Gold is giving sleepless nights for India's Finance Minister Palaniappan Chidambaram and his reign has seen the maximum number of measures being taken to curb the insatiable appetite for gold in the country. Import duties were raised from 2% to 8% and the Reserve Bank of India (RBI) has put in place a number of measures to curtail gold imports.

The Reserve Bank of India continues to hold $21.55 bn in gold reserves as per latest weekly update issued on Friday and central bank buying in various countries continue to support gold.

However, not many people may have forgotten the fact that it was the nation's gold reserves that helped tide over a balance of payments crisis in 1991 when the nation had to phyically ship its reserves of gold to London to stand collateral for an International Monetary Fund loan failing which there would have been a default on loan payments. ...


Via Hal
more...
No comment yet.