Jiju's Blog

Tuesday, January 27, 2009

RBI holds key rates

RBI holds key rates, cuts growth forecast

The Reserve Bank of India left its short-term rates and banks' cash reserve requirements unchanged on 27th Jan. 2009 as it waited to gauge the impact of its aggressive easing since mid-October to stem a sharp economic downturn.
Fiscal measures to shore up the economy against the global downturn would sharply widen the federal government's fiscal deficit, the Reserve Bank of India said in its quarterly policy review.
It also cut its forecast for economic growth in the current fiscal year to 7.0 percent "with a downward bias" from an estimate of 7.5-8.0 percent in October, bringing it broadly in line with recent government and market predictions.
Wholesale price inflation was projected to fall below 3 percent in annual terms by the end of the fiscal year in March.
The central bank left its lending rate steady at 5.5 percent and its reverse repo rate , at which it absorbs surplus cash from the banking system, unchanged at 4.0 percent.
It has also kept the cash reserve ratio, the amount of funds banks have to keep on deposit with it, unchanged at 5.00 percent.

Monday, January 26, 2009

Tuesday, January 20, 2009

EXAM RESULTS Kerala

GOVERNMENT OF KERALA Department of Education. HIGHER SECONDARY, VHSE, SSLC RESULTS 2008 HSE, VHSE SAY RESULTS 2008. Enter Roll No.
Log on to...

http://www.examresults.kerala.gov.in/

and choose exam type ...

Wipro Result FY2009

The company has added 31 clients in Q3 and increased its number of million-dollar clients

Wipro's Q3 FY09 consolidated net profit stood at Rs 1,003.9 crore as against Rs 969.8 crore quarter-on-quarter. The IT major has made a one-time provision in respect of receivables from large customers.

The company has added 31 clients in Q3 and increased its number of million-dollar clients

NCERT text books

12 states to adopt NCERT text books

Students in a dozen states would read NCERT books in government-run schools from the coming academic session in place of state text books.
Coming a step closer to bring uniformity in curriculum across the country, students in a dozen states would read NCERT books in government-run schools from the coming academic session in place of state text books.
With this, 31.3 per cent of the senior secondary level students across India will study books prepared by NCERT.
This became possible after the National Council for Education Research and Training (NCERT) granted the copyright to 12 states to use its text books in their respective state board schools.
The states are Andhra Pradesh, Sikkim, Uttarakhand, Himachal Pradesh, Delhi, Jharkhand, Bihar, Chhattisgarh, Haryana, Kerala, Punjab and Goa.
The framework has been ratified by almost all the states.
The move would also do away with any disparities among the state boards and give students enough confidence to compete at the national level with ease, said an NCERT official.
For the record, several state boards have carried out a series of changes in their course curricula in line with the present mandate. The changes include bifurcating the course curriculum at the plus-two level and updating syllabus on a par with CBSE schools.

Tuesday, January 6, 2009

Satyam Computer ,fraud in accounts

Satyam Computer Services founder-chairman B Ramalinga Raju resigned from the IT major's board after admitting a multi-crore fraud in the company’s accounts.
In a notification to the stock exchanges, the Hyderabad-based IT firm said Raju and Managing Director Rama Raju had resigned early Wednesday(7 th Jan 2009) and that the Securities and Exchanges Board of India (SEBI) had been informed.

He admitted to have inflated cash and bank balances of Rs 5,040 crore as against Rs 5,361 crore reflected in the books of accounts.

Shares of the company plunged by over 40 per cent soon after the resignations. Satyam, considered a ripe proposition for acquisition, was pushed into crisis after Raju was forced to abandon the acquisition of Maytas Infrastructure and Maytas Properties promoted by his son.