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Showing posts from October 15, 2008

Give reasons to smile :-)

Everyone in his life has a wrap of worries and concerns, Someone is worried for his career, someone has a family related issue, lot many are strucked in business, few are just too busy with the tension of studies, a lot many are busy with the tensions in friendship and amongst the friends... In my opinion, giving others a reason to worry is an easy task, it takes just fw minutes to hurt anyone, slap him, hit him, say him something undesired, it'll solve the purpose...
but for spreading smiles something extra needs to be done.. it is difficult to manage tears than to bring them from someone's eyes. its too difficult to make others laugh from the heart...

Looking at few of my peers ( not my close ones frm instt) , i find ppl changin for their parents, why do we tend to forget them ? when we grow? , why our friends become more important in a way tht they take a pie from the share of our moms and dads.. how many times do we think before saying a lie to our moms and dads. Hw do we …

CRR now 6.5%...

The RBI is trying hard to inject more cash in the market...So there's another prompt cut in the CRR... CRR is the reserve that a bankhas to keep with RBI , if it gets cut, it means the banks will have more liquid cash... What the CRR Cut will do?This CRR cut will infuse Rs 40,000 crore (Rs 400 billion) into banking system.
The RBI also increased interest rates on Non-Resident deposit schemes by 50 basis points, or 0.5 per cent that means fetching more money from them...The Indian interbank unsecured money market has been functioning normally. Average daily volumes in the overnight call money market, at about Rs 14,000 crore (Rs 140 billion) in October 2008 have in fact been somewhat higher than those observed in the previous six month period.
Other  RBI measures:(i)  The cash reserve ratio (CRR) of scheduled banks is currently at 7.5 per cent of their net demand and time liabilities (NDTL). now it is 6.5%, the measure will release additional liquidity into the system of the order of…