Sebi chief UK Sinha tries to allay fears over NSEL debacle

Sebi chief UK Sinha tries to allay fears over NSEL debacle The Securities & Exchange Board of India (Sebi) on Friday assured that the recent payment crisis at National Spot Exchange Ltd (NSEL) would not lead to any systemic risk in the stock markets.

Speaking on the sidelines of the Lalit Doshi Memorial Lecture, Sebi chairman UK Sinha said that the market regulator examined things and found everything to be normal and in order.

EPFO to give social security numbers to all unorganized workers

EPFO to give social security numbers to all unorganized workersThe Employees Provident Fund Organisation (EPFO) has plans to bring the PF service to all workers in the unorganized sector to ensure minimum wage rights and social security to all workers.

Central PF commissioner K. K. Jalan said that the EPFO would launch a plan to provide a universal PF number to all unorganized workers in December.

Commodity Market Outlook by CapitalVia

Commodity Market Outlook by CapitalViaGold prices were pressured over stronger than expected growth in US manufacturing sector which hurt gold's safe haven appeal. A stronger dollar after the ECB and BOE kept interest rates unchanged and ECB's assurance to keep rates low in the near future also pushed gold prices down.  Gold prices internationally are expected to go down as continued outflows from ETF's and caution ahead of US payroll numbers can keep prices in check.

US factory orders goes up

durable-goodsWashington, Aug 3: New orders for US-manufactured goods rose in June for the third straight month, boosted by orders for durable goods, according to the US Department of Commerce.

US factory orders increased by $7.6 billion, or 1.5 percent, to a seasonally-adjusted $496.7 billion in June, Xinhua reported.

This was the highest level since the report was first published in 1992, following a revised 3.0 percent May increase, said the department Friday.

Expect constructive monsoon session: PM

Manmohan-SinghNew Delhi, Aug 3 : Prime Minister Manmohan Singh Saturday said he expected a "constructive and productive" session and sought support from all parties in the monsoon session of parliament starting Aug 5.

"We expect a constructive and productive session of parliament," Prime Minister Manmohan Singh said.

"Lot of time was wasted in last two-three sessions and lot of legislative agenda is pending before parliament," he said.

Women scribes in war zones amazing: Nargis Fakhri

Nargis-FakhriMumbai, Aug 3 :  Nargis Fakhri plays a war journalist in her upcoming film "Madras Cafe", and says it was wonderful to learn about the real women who risk their lives on war fronts to get truth across to people.

"My experience of working on 'Madras Cafe' was intense and interesting, like doing a lot of background work on what these women do... I think most of us watch the news and we don't really care what's going on in the world," the 33-year-old said here Friday at the unveiling of the cover of magazine Hi! Blitz featuring her.

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