According to Yannick Poivey, CEO of One Intelligence, a Swiss provider of corporate intelligence services, Swiss banks are facing a paradigm shift: regulatory pressure from the United States (FATCA regulations), the OECD and the European Union is forcing financial institutions to examine the tax compliance of their clients. In fact, the majority of Swiss players […]
RIL to Give a Bank Guarantee of $120-135 million
Mukesh Ambani’s Reliance Industries Limited (RIL) along with BP and Niko, key partners in the KG-D6 block, is expected to announce a bank guarantee of $120-135 million (Rupees 750-850 crore) to get the benefits of higher gas price. This estimate is based on the proper formula devised by the Rangarajan Committee. As of now though, […]
JK CM opens J&K Bank National Business Centre in Mumbai
Mumbai, September 02 (Scoop News)- JK Chief Minister, Omar Abdullah Monday highlighted the role of Jammu and Kashmir Bank in the economic development of the State and enhancing trade and commerce activities within and outside the State. Omar Abdullah said the growth and development of Jammu and Kashmir Bank with the passage of time has […]
Energy can be saved by modifying the existing lighting controls
We should always use lamps of lower wattage We should always use lamps of lower wattage, if these can serve the purpose. Fluorescent lamps are the best suited for heights up to seven meters because of their efficiency and low brightness. Tips have proved suitable and useful in energy conservation A) Use modern […]
Kiir urges commercial Banks to employ Nationals
The President of the republic of South Sudan Salva Kiir Mayardit last week at the opening CFC-Stanbic commercials Bank has urged the commercial banks to lay foundations in South Sudan and look forward to the employment opportunities for local young people in the banking sector. “We encourage banks wherever possible to hire multilingual staff […]
US Justice and State Departments have Vanquished Swiss Banking Secrecy Laws
In what can be seen, in retrospect, as a monumental and culminating moment that was preceded with months of threats and subtle pressure, the US Government has just about erased any semblance of the ill reputed Swiss Banking Secrecy Law that has been around for over 75 years. The Swiss economy has been, at […]
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