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Allahabad bank revises FCNR interest rates

Kolkata, May 1 (UNI) Allahabad bank has revised the interest rates on Foreign Currency Non-Resident (FCNR) deposits and Non-Resident (External) Rupee (NRE) deposits from today.

Accordingly the revised rates for US Dollar 5.33 per cent has now become from 5.29 per cent earlier for one year to less than two years, 5.34 per cent (earlier 5.29 per cent) for two years to less than three years, 5.35 per cent (earlier 5.27 per cent) for three years to less than four years, 5.39 per cent (earlier 5.30 per cent) for four years to less than five years and 5.43 per cent (earlier 5.31 per cent) for five years only.

In case of GB Pound deposits, the revised rates are 4.87 per cent 4.98 per cent 5.06 per cent 5.09 per cent and 5.10 per cent for respective maturities.

For EURO deposits, the bank has fixed interest rates at 3.32 per cent, 3.64 per cent, 3.78 per cent, 3.68 per cent and 3.96 per cent for corresponding maturities.

Rates for NRE Term deposits are 6.30 per cent for one year to less than two years, 6.30 per cent for two years to less than three years and 6.40 per cent for three years, Allahabad bank sources here today informed.

UNI ABA JYN RN1810

Mineral production in Feb 2006 goes up marginally

New Delhi, May 1 (UNI) The mineral production from mining and quarrying sector in February 2006 was marginally higher compared to preceding month and the corresponding month of the previous year. The total value of mineral production (excluding atomic and minor minerals) in the country during the month was Rs 6,139 crore, an offical release said today. The contribution of coal was the highest at Rs 2,708 crore (44 per cent), followed by petroleum (crude).....

New Zealand minister meets Punjab govt officals

Chandigarh, May 1 (UNI) Mr Trevor Mallard, Minister for Economic Development, Industry, Regional Development, State Owned Enterprises, Sport and Recreation and Associate Minister of Finance of New Zealand today held a meeting with Punjab Chief Secretary K R Lakhanpal. The two discussed the mutual areas of cooperation between Punjab and New Zealand. Mr Lakhanpal was assisted in the talks by senior officers of the state government including Mr P Ram, Mr J R Kundal,.....

A father protests

New Delhi, May 1 (UNI) The father of an Indian sailor, killed allegedly near Kenya last year, has condemned the murder of the expatriate Indian K Suryanarayan by his Taliban abductors and called upon the Muslim clergy to ''raise voice'' against such killings. ''We vehemently condemn the assassination of Indian telecom engineer K Suryanarayan. We appeal to Islamic clerics of the entire world to raise voice against this gruesome murder'', Zaheer Zaidi, who started the.....
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