The Hindu Business Line : Monday, March 17, 2008

INSIGHT
Gold: Cheap at $1000 an ounce!
Considering the total reserves of gold bullion, the volume of which is about two billion ounces, a price of $1000/ounce just accounts for $2 trillion of paper currency. The real circulation of money, even within the US, is many times this number and so gold prices have to go up substantially higher. More

DEBT MARKET
Yields continue to climb on inflation woes, rising oil prices
Liquidity may ease on arbitrage inflows More

PUBLIC SECTOR BANKS
Union Bank plans to open 40 new branches in AP
Issues biometric smart cards in six districts More

TRADE & LABOUR UNIONS
SBI Bengal drops strike plan
The employees’ and officers’ unions of State Bank of India, Bengal Circle, covering West Bengal, Sikkim and Andaman & Nicobar Islands, have called off their proposed strike on March 28. They have also withdrawn the agitation which ... More

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