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Queen Elizabeth II becomes Britain's oldest-ever monarch at 81

London, Dec 21: Queen Elizabeth IIQueen Elizabeth II has become the oldest-ever living monarch of the United Kingdom at the age of 81.

Born on April 21, 1926, Elizabeth ascended the throne in February 1952, when she was 25 years old.

Over the years Elizabeth has seen many things, which include becoming a grandmother for the eighth time, with Prince Edward and his wife Sophie welcoming a baby boy.

Also, the Queen has received many unusual gifts including jaguars, sloths, beaver, an elephant, pineapples, eggs, snail shells, maple trees and 7kg of prawns.

RBI Finally Tighten Banks’ Capital Market Exposure

RBIReserve Bank of India (RBI) has finally tightened banks’ capital market exposure by implementing new rules and regulations.

In a circular, RBI has told that entities such as FIIs are not permitted to avail of fund or non-fund based facilities such as irrevocable payment commitments (IPCs) from banks, under the provisions of the Foreign Exchange Management Act (FEMA). The banks have been asked to unwind all such guarantees given on behalf of FIIs within six months.

RBI’s Restriction On Foreign Venture Capital Funds

RBIMumbai: The central bank (RBI) has specified that the foreign venture capital (VC) funds those kick in a part of the investment upfront, will get entry to Indian markets.

The condition laid down by RBI is related to some credible capital obligation before obtaining a formal registration.

Typically, a new foreign venture capital fund first forms an investment holding company in Mauritius with rudimentary capital, often not more than a few dollars. The investment company then files for registration with Indian regulators, and once it gets the approval overseas investors are gradually roped in.

Lasting Cough May Cause COPD

copdSmoking leads to lung cancer and heart disease that might be cognizant to many people. But do you know it also causes grievous respiratory circumstance in which the airways get barred? So Smokers mind it.

To a higher degree 13 million Indians are dupes of Chronic Obstructive Pulmonary Disease (COPD), where the patients’ airways are blocked.

While addressing presspersons on World COPD Day, B.V. Muralimohan, consultant pulmonologist of Narayana Hrudayalaya, commanded smoking was one of the main does for acquiring COPD.

Now RBI’s CRR @ 7.5%

Mumbai: The Indian central bank (RBI) has annihilated the anticipations of interest rates alleviation by raising CRR, the sum of money banks must hold in cash, by 0.5 percent (now 7.5%) to drain liquidity regardless of inflation at a five-year low.
But the RBI do not make any changes in the key lending and borrowing rates (repo and reverse repo) and bank rate in the mid-term appraisal of the monetary plan.
Cash Reserve Ratio (CRR) is the amount of cash that is demanded by the banks to park with RBI that does not pay up any interest on such depositions.

Best Things In Life Are Of No Cost

London: Life is a precious gift. Live happily, and relish every moment of it.
Dr_Richard_Tunney
Scientists at the University of Nottingham have discovered that it’s the simple things in life, which impact optimistically on one’s pleasure sense.

Lead researcher, Dr. Richard Tunney, of the university`s school of psychology told that cheerful people liked the free and simple treats, whereas those who identified themselves as more distressed or restless picked out CDs, DVDs and meals out.

Many Pakistanis have lost faith in Musharraf: Time

Islamabad, Sept 23 : Pakistan President General Pervez Musharraf’s undertaking to the Supreme Court that if re-elected by the Parliament, he would step down as Army Chief before being sworn in on November 15, is a promise that rings hollow to some, and one that has been heard before.

According to an article in the Time magazine, some lawyers and analysts see the promise as an attempt to pre-empt an apex court decision declaring him ineligible to run for President.

Pakistanis in America concerned over arrest of fellow countrymen by FBI

Washington, Sep 23 : The arrest of 45 people, mostly Pakistanis, in an FBI sting operation in Maryland has stunned Pakistani-Americans as they fear that it would further strengthen the negative stereotyping of their community in this country.

"People are scared. It will have a very negative impact on the entire community," said Munir Ahmad, a member of the Maryland Muslim Council.

"Some of the suspects were known in the community and people have been dealing with them," he said.

"People say that they were licensed money dealers and apparently law-abiding citizens. We don’t know what happened," Ahmad added.

Taoiseach Holds Contacts With AIB

The TaoiseachAllied Irish Bank is defending the contact he made with an AIB official to inquire about transactions under investigation by the Mahon Tribunal.

Jim McNamara told the tribunal that Bertie Ahern contacted him this year to ask about particular lodgements being investigated by inquiry, told Jim McNamara to tribunal.

Mr. Ahern was marveling what conclusive evidence the bank had that three specific lodgements made in the 1990s were foreign exchange transactions.

Mr. McNamara accepted that it was a very unusual request from the Taoiseach.




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