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Former Bank deputy governor knighted

Paul Tucker, who served as a deputy governor at the Bank of England is awarded a knighthood in the New Year's Honours list.

CBI: Firms must pay workers more

The head of the CBI, John Cridland, says too many people are "stuck" in minimum wage jobs despite an improvement in the UK economy.

Homeowners cautious over equity

Homeowners are not yet relying on rising house prices to withdraw equity from their homes for other purchases, figures suggest.

Power companies 'let customers down'

Some power companies "let their customers down badly" over Christmas. the environment secretary says, as torrential rain leads to flooding in parts of Scotland.

Bombardier sells 10 jets for $259m

Canadian aerospace manufacturer Bombardier says it has sold 10 Challenger jets for $259m (£157m) to an anonymous buyer.

China local debt surges by 70%

China has local government debts of 17.7 trillion yuan ($2.9tn), up 70% from three years ago, according to an official report.

'Debt crisis will affect millions'

Millions of UK households will face "perilous" levels of debt when interest rates begin to rise, according to a think tank focused on living standards.

France's 75% tax rate gets approval

France's highest court approves a 75% tax on high earners that is one of President Francois Hollande's signature policies.

Miliband makes cost of living vow

Labour has a "credible" plan to help families struggling with the cost of living and will continue to focus on the issue, Ed Miliband insists in his new year message.

Japan close to escaping deflation

Japanese consumer prices rise at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect.

BBC computer server 'was hacked'

Reports suggest a computer server used to send media files to the BBC was breached by a Russian hacker.

US jobless to lose unemployment aid

One million Americans will lose their unemployment benefits, after US lawmakers failed to reach a deal on an extension of the federal aid plan.

Barclays fined $3.75m over data loss

Barclays is fined $3.75m (£2.28m) by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages.

GM recalls 1.5m cars in China

General Motors and its Chinese partner firm are recalling about 1.46 million cars amid concerns about their safety.

Lenders ease Johnston Press pressure

Johnston Press, the newspaper and online publisher, is helped by its lenders to ease pressure of managing its debt.

Petrol now just Rs 19 short of 100 mark in Delhi, diesel prices hiked too
Petrol and diesel prices have been rising for a while now owing to a falling rupee and rising international oil prices.
United Bank of India increases MCLR by 5 basis points
The one-year MCLR has been increased to 8.85 per cent from 8.80 per cent. Six and three-month MCLR will attract lending rates of 8.65 per cent and 8.55 per cent, respectively.
Paytm money app rated 2.9/5 by android users
Mobile-based financial services platforms are becoming increasingly popular.
Be a service provider: Income tax department has to stop being judge, jury and executioner
Harassment of taxpayers is also caused by fixing collection targets for individual officers. When 90% of collection comes from advance tax and TDS, 5% from self-assessment tax and only 5% from post-assessment collections, there is no necessity to allot collection targets to individual officers. The US did away with individual collection in 1959, but tax collection has not stopped.
Check average balance of your SBI account online to avoid minimum balance shortfall
To help its customers maintain the required minimum balance, SBI is allowing them to view the average balance of their savings bank account via net banking.


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