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In the banking industry parlance, deposit is called a liability and credit an asset. Deposit creates interest liability. Credit brings interest income. And, it is no wonder that depositors are treated most shabbily by our banks.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is funding a study of market and finance barriers to boost cross-border trade by small and medium sized enterprises (SMEs), which could help pave the way for an increase in trade and a reduction in poverty in poor border areas.

New York: The Security Council voted to extend the United Nations political mission in Nepal (UNMIN) by nearly four months amid heightened tensions in the Asian country ahead of the issuing of a new constitution.

New York: The envoy leading United Nations efforts against malaria today praised one of the world's largest pharmaceutical companies for its plan to open up its database to scientists in hopes of promoting research to help combat the deadly disease.

New Delhi: The Cabinet Committee on Economic Affairs today approved new interventions in the Centrally sponsored Scheme on National Horticulture Mission which was launched during the X Five Year Plan from 2005-06. Based on the feed back received during the implementation of the Scheme, new interventions such as High Density Plantations (HDP), Horticulture Mechanization and certification of Good Agricultural Practices (GAP) have been included.

New Delhi: The Minister of State for Defence Shri M M Pallam Raju has asked the Border Roads Organisation (BRO) to explore the possibility of hiring helicopters from outside agencies to expedite construction of strategic roads in Arunachal Pradesh and other Himalayan border states.

New Delhi: The Cabinet Committee on Economic Affairs today approved the introduction of a new Scheme to provide central assistance for setting up of a model degree college in each of the identified 374 educationally backward districts where Gross Enrolment Ratio (GER) for higher education is less than the national GER.

New Delhi: The Cabinet Committee on Infrastructure has accorded in principle approval for the establishment of the National Knowledge Network (NKN) to be implemented by the NIC.

New Delhi: The Cabinet Committee on Economic Affairs today approved the implementation of the Scheme “Provision of Urban Amenities in Rural Areas (PURA) on a pilot basis within the plan outlay of Rs.248 crore during 11th five year plan.

New Delhi: The Government of India has formulated a multi pronged strategy to control air polluting which includes comprehensive auto fuel policy to control vehicular pollution, implementation of emission standards and their compliance in major air polluting industries and prohibiting burning of garbage and leaves in urban rural areas.