Penny-pinching budget airlines may end up pinching your wallet

Last week, I received a letter from a MoneyLIFE reader Radhe Shyam Mundhra from Chennai. On 30th April, he booked an Air Deccan flight from Chennai to Delhi for travel on 17th May 2007. Subsequently, he needed to cancel the flight.  On calling the airline, he was told that he could not get a refund. “This is the first time I am...

That is what an RBI committee is recommedning finds out Sucheta Dalal

Over the past 15 years, the Indian capital market  has transformed itself through automation and adopted global settlement and clearing systems, but the banking system has lagged far behind. The process of moving towards electronic transactions was slow and often dictated by pressure from the capital market or from...