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Saturday, March 6, 2010

March 5, 2010

1."MASSIVEGOOD" is the new micro-contribution initiative launched by the Millennium Foundation for Innovative Finance for Health at UN Headquarters, New York city on March 4, 2010.
2.On March 5, 2010 RBI deferred its decision to introduce 'base rate' system, which will be the new benchmark lending rate for banks. The base rate system will be introduced from July 1, 2010. RBI has come out with the the proposal of replacing 'BPLR' with 'base rate' system , below which no banks would be allowed to give loans. The current BPLR has been abused, as banks provide loans to corporates below this rate.
3.ONGC Videsh Ltd. (OVL), the overseas arm of ONGC has made two significant discoveries of 185 mn. barrel of oil in NE Syria.

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