Date: 8th Nov 2011

Important News of the Day

1. Kudankulam N-Plant is in Chennai.

2. Now, open  bank a/c with other states ID proofs.

3. Earth Quake jolts Pakistan, Kashmir & Punjab.

4. RBI eases rules for repayment of FDs, said signature of both depositors are not needed for FDs on maturity if such a/cs are opened with instructions "either or survivor".

5. Kerala based Federal Bank to accept deposits in Nine currencies.

6. RBI destroys notes worth  1.8L cr.

Some abbreviations

FCCB- Foreign Currency Convertible Bond.

IOSCO- International Organization of Securities Commissions.

STT- Securities Transaction Tax.