2.  After 38 years of her services as Deputy Director of
RBI, she retires.
 Anand Sinha an executive director of RBI replace
Ms throat.

3.  India’s biggest fuel retailer IOC is considering
raising petrol price by 35 paise per litre this week
as the crude oil prices have gone up.
 If the government increases the prices this will be
the third hike in the petrol prices since government
freed its prices on June 26.
 IOC decision expected to be followed by other state
run fuel retailer- Bharat Petroleum Corp and
Hindustan Petroleum Corp.

4.  RBI has told a bunch of top bank executive to push the
usage of electronic transaction and to educate the
customers about such payment options.
 Executive director of Allahabad Bank, Bank of Baroda,
Bank of India, Central Bank of India, Dena Bank,
Punjab & Sind Bank, UCO Bank and Vijaya Bank were
at the meeting presided over by RBI chief general
manger G Pdmanabhan.
 At present 90% transactions in the banking industry are
done electronically in value terms: the share of
electronic payment is however just about 35% in terms
of the number of the transactions.

5.  HDFC Std Life Insurance has put off its listing
plans until the government relaxed foreign
investment norms. UK Life Insurer Standard Life
Insurance holds the maximum permissible 26% in
the Life Insurance venture with mortgage giant
HDFC.
 If the government relaxes the foreign investment
limits to 49%, as expected Standard Life will
subscribe to its full entitlement.

6. Thanks