Category: Business / Finance

Australia acts against ‘money mules’ helping money launderers

Photo: AFP By SAT News Desk MELBOURNE, 30 November: Australia has decisively taken steps to curb ‘money mules’ helping criminals and criminal organisations transferring money to illegal money holders taking a commission on it. In support of the European Money Mule week of action, the Australian Federal Police (AFP), Australian […]

Victoria developing India business strategy

By Neeraj Nanda MELBOURNE, 21 November: The Victorian Premier Hon.Daniel Andrews today announced the state is developing it’s ‘India Strategy’ to enhance business and trade relations at the Investment Centre Victoria. Addressing a large gathering of business people, community leaders, and the media, the Victorian Premier said, “much has to […]

BUSINESS/FINANCE: How to Protect Your Income?

By Balki Balakrishnan* Melbourne: A typical family should have these five types of insurance covers – Life & Terminal Illness (TI), Total & Permanent Disability (TPD), Trauma (Critical Illness), Income Protection and Child Trauma covers. In the last edition of this newspaper, we explored the features of Trauma Insurance. This […]

WEF: ‘Privatise Profits, Socialise Losses’

By Ravi Kanth Devarakonda GENEVA, Jan 28 (IPS) – The Davos delegate seems short of faith this year about anyone’s ability to save the world from the financial tsunami that the bosses have unleashed. And with colleagues such as Ramalinga Raju of the now infamous Satyam Computers languishing in jail […]

FCNR deposit rates up

Mumbai: Atleast four leading banks today hiked their interest rates in foreign currency deposits, apparently with a view to mop up more such deposits in the face of tight liquidity conditions. These banks are the State Bank of India, Bank of Baroda, HDFC Bank and Union Bank of India, according […]