RBI talking to states on financial literacy – V.S.Das, Executive Director

After Karnataka, the Reserve Bank of India (RBI) is in talks with other state governments to include financial literacy in school curriculum. While Karnataka launched chapters on financial literacy in school syllabus in March 2010, Punjab and Haryana have also agreed to do the same. RBI Executive Director V.S.Das today said the central bank was in talks with Uttar Pradesh, Madhya Pradesh and few other states as well to take financial literacy to school children.

Beware of cyber jobs offering easy money

Beware of people offering commissions for monetary transactions from your bank account. They could be acting on behalf of a terrorist organization and using you as a 'money mule'. The Reserve Bank of India (RBI) has alerted banks and customers about transactions through dormant accounts since this could be a case of the account holder being used as a "money mule" for laundering. "Of late, it has been brought to our notice that money mules can be used to launder the proceeds of fraud by criminals who gain illegal access to deposit accounts by recruiting third parties," said an RBI official. "The third parties may be innocent or they could be complicit in the crimes."

‘BANK ACCESS TO ALL VILLAGES IN 5 YRS’

RBIs outreach programme under financial inclusion would be implemented in villages across India and all people would be covered in the next five years, the apex banks Deputy Governor K C Chakraborty said on Monday. "All the banks have been asked to bring the technology to link up the Unique Identification Number (UIDs)”, he said.

Pune shivers at 6.5 degrees Celsius

Monday Was Decade’s Second Coldest Day - The mercury plunged to 6.5 degrees Celsius on Monday, making it the second lowest temperature for the month of December in the last decade. In 2005, the temperature had gone down to 6.3 degrees. The India Meteorological Department (IMD) here said Pune was colder than Delhi (7.5 degrees Celsius) and even Mahabaleshwar (10.4 degrees Celsius). However, Nashik recorded the lowest temperature at 5.9 degrees Celsius.  Pune experienced its lowest temperature ever in 1968, at 3.3 degrees Celsius.  Over the last five days, the minimum temperature in Pune has reduced by more than five degrees Celsius.Monday’s temperature was more than three degrees less than the average minimum temperature for December — 10 degrees Celsius. The minimum temperature is expected to remain around 7 degrees Celsius over the next two days,said said Medha Khole, Director (Weather Forecasting), IMD, Pune.