Usually, gold is inversely related to the dollar and inflation. However, despite inflation falling across the globe and dollar strengthening against the Euro, gold is scaling new highs. Gold surged close to the $1,000 mark .
Moody’s Economy.com today said the Reserve Bank of India (RBI) could cut interest rates next week as the high fiscal deficit was limiting the Centre’s ability to step up spending and boost economic activity.
UBS, the Swiss banking behemoth, will pay a $780 million penalty to the US Justice Department and disclose the names of many secret account holders as part of an agreement to avoid prosecution, in a major change from traditional client secrecy.
Kerala will help Malayalees returning from the Gulf due to recession with a Rs 100-crore package for starting business ventures.
Kerala provided for Rs 10 crore for the non-resident department to help those returning after working for two years in the Gulf.
The government today said there is no milk shortage in country except Kerala, but assured that the deficit would be met.
Kerala budget made regional allocations include a massive Rs 1,500-crore package for the development of the Malabar region in North Kerala.
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