Gauge fund performance, use standard deviation!

Standard deviation steps in where average failed. It gives you an idea about the rating of the quality for the average. It can be defined as the difference between the numbers used in calculating the average and the actual average. It is an indication of how accurately the average represents its parent numbers.

India’s passenger car exports fall by 7%

India’s Passenger car exports fell by 7.21% in August, as car manufacturers chose to concentrate on healthy local market, while the international markets have not yet seen the rise in demand, SIAM said.

New banking licenses to be given to 4 initially

New banking licenses are attracting a range of corporates and non banking finance companies (NBFCs). But RBI is not very liberal in this respect. It is believed that the central bank would begin the step by issuing only 4 banking licenses in initially and that also not in one shot.

RBI likely to decontrol savings account shortly

Savings bank accounts may stop earning fixed interest rates very soon. The Reserve Bank of India is planning to decontrol the interest rates on these accounts shortly. Savings bank rates are the only rates still controlled by the apex bank.