Posted by Tyler Cox On May - 31 - 2010
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An SFIO investigation has been ordered by the Government into the management of former Global Trust Bank on charges of fund diversion and accounts manipulation. The bank was heavily involved in the Ketan Parekh headed share market scam of 2001.
According to information revealed by official sources, the Corporate Affairs ministry has “prima facie found evidence of fund diversion, serious financial irregularities and accounts manipulation by the management.” The ministry had ordered the Registrar of Companies for a technical scrutiny of the books of the erstwhile bank last month.
“The Serious Fraud Investigation Office (SFIO) has been asked to submit its report on the enquiry into GTB within three months and six officers have been designated for the probe,” according to a Corporate Affairs Ministry official.
The case of the bank goes back to year 2004 when the bank badly collapsed after unlimited lending to entities related to the Ketan Parekh scam.
The bank had started operations in the country in the year 1994.
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Posted by Aaron Myers On May - 29 - 2010
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The 2010 Mercer Quality of Living Survey has finally been released, and it presents a breakdown of 221 cities in the world and where the best and worst places to live are globally.
The idea behind the survey is to allow employers to compensate their expatriate workforce appropriately depending on where in the world they are relocated to – and the survey compares all other cities from a base that is New York. The survey is also of use to would-be expats who are contemplating where in the world they should move to live and work overseas.
So, if you would like to find out which are the best cities to live and work in abroad – read on to find out. We are going to be reviewing the top 10 from the Mercer survey and giving you our own pros and cons for living in each. In this, the first part of our review of the top 10 we will be looking at the 5 best cities to live and work in in the world.
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Posted by Brittany Kelly On May - 29 - 2010
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Almost five million Brits regularly turn to their credit cards for paying household bills, according to research from moneysupermarket.com.
The research reveals the extent to which many consumers are reliant on their credit cards for covering the cost of living, which can add to the cost of the payment if the balance is not paid off each month and incurs interest.
Kevin Mountford, head of banking at moneysupermarket.com, is concerned that consumers are using credit to cover every-day costs. “Used responsibly, credit cards can be an integral part of household budgeting but it’s alarming to see so many people using their cards to pay for what should be everyday spending,” he said.
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Posted by Tyler Cox On May - 28 - 2010
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Everyone enjoy credit card deals and using it hardly nowadays, but we should not overlook the basics credit card problems that behind us. In the digitalized world that we’ve been praying for, for a long time now, is right in front of our door steps, which makes the paper money even more redundant than five or ten years ago. Our credit cards are our new body-parts, regardless of the part of the world we’re currently living in – Knoxville, Tennessee, or Bishkek, Kyrgyzstan or any countries around the world. However, credit cards’ true functions are still left unanswered; wallowing in disputation everywhere around us: are they helping us in our accommodation in the consumers’ society that we’ve gladly accomplished, and the, soon to be forgotten, laissez-faire economical way of life; and most importantly, are we safer with them, or not?
I think that we’d all agree on the fact that the answer to the first question has to be affirmative, because, nowadays, we need the cards on a daily basis. Whether will
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Posted by Brittany Kelly On May - 27 - 2010
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Credit card thieves. We know they’re out there. We know we’re supposed to fear them, be ever vigilant against them, and, if given the opportunity, finger them so the authorities can haul them into prison. But who are these people who are stealing your credit cards everyday? It turns out that the vast majority of credit card and identity thieves fall into five main categories:
The Criminal Mastermind
This fellow is rare, but often gets lots of screen and airtime because of his obvious Hollywood appeal (we love a good 21st century cat burglar). The other issue with the criminal mastermind: when he steals your credit card, it’s not your fault. He’s so damn slick that no one saw it coming. There’s
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Posted by Tyler Cox On May - 25 - 2010
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When it comes to your credit card agreement do you know what exactly is in yours? Whether you do or don’t the fact is that research shows the many people don’t. Even with the implementation of the CARD Act where issuers are now required to be more transparent, millions of people have yet to fully come to understand the details in the relationship with their issuers. Fortunately, this does not have to be the case as the Federal Reserve has made it easier to not only find your issuer’s standard agreement, but know exactly what it details by going to the Fed’s informational credit cards website.
While using this site to seek out an issuer’s terms of agreement, one must note that the agreements shown after your search is that of a standard agreement. As agreements can vary for each cardholder depending on the plastic you were issued, it is best that you keep the original copy that came with your plastic. If you hav
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Posted by Aaron Myers On May - 25 - 2010
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The phrase “free shipping” is a siren song to many online shoppers. For whatever reason, a “free shipping “coupon that saves shoppers $6.99 can be more appealing than a “$10 discount.” There’s something about the word “free” that’s oh-so appealing. With a touch of know-how and research, however, you can take full advantage of the ”free” in free shipping.
As free or nearly-free offers become more commonplace, it really pays to know your stuff. More than half of online merchants offered free shipping without conditions during the 2009 holiday season. Four out of five offered free-shipping deals with some conditions (i.e. a minimum purchase or for specific products only). That’s a lot of money saved. (Of course, the popularity of Free Shipping Day didn’t hurt.)
Merchants make these offers because research has shown studies show free shipping deals score big points with shoppers. Shipping costs play a primary
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