'Only 48% of Indian adults have access to bank account'

New Delhi - Only 48 percent of Indian adults have bank accounts and nearly half of them lie dormant, says a report.

According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.

The survey compiled by the Financial Inclusion Insights programme, operated by global strategic research consultancy InterMedia and supported by the Bill & Melinda Gates Foundation, noted the majority of Indians borrow money from family and friends and not from financial institutions.

RBI maintains status quo; indicates rate cut in early 2015

Mumbai - Disappointing industry and the government, RBI Tuesday chose not to go for a rate cut for fifth time in a row but held out a promise of a softening stand in the next review due in February.

While keeping the short term lending (repo) rate unchanged at 8 percent, RBI Governor Raghuram Rajan said that "a change in the monetary policy stance at the current juncture is premature".

"However, if the current inflation momentum and changes in inflationary expectations continue, and fiscal developments are encouraging, a change in the monetary policy stance is likely early next year, including outside the policy review cycle," he said.

Apple iPhone 6 users complain phone's front camera misaligned

Apple iPhone 6Washington, Dec 2 : iPhone 6 users are complaining that the phone's front camera is misaligned.

One of the comments posted by an iPhone 6 user on reddit. com said there was a crescent visible on the right side of the hole of his iphone.

Some users have complained that their replaced iPhones too had similar problem.

Another iPhone 6 user posted his comments on MacRumours complaining that his one-month iPhone 6 had flakey wifi, random reboots, and a blotchy screen.

This is not the first time when Apple users have come up with such a complaint.

Earlier, iPhone 6 and 6 Plus users complained that the new phones bent while being carried in trouser pockets.

Govt. hikes excise duty on petrol, diesel

petrol, dieselNew Delhi, Dec 2 : The Centre on Tuesday announced the raising of excise duty of

Microsoft acquires email start-up Acompli for 200 mln dollars

MicrosoftWashington, Dec 02 : Microsoft has officially confirmed that it has acquired an email sta

Sadhvi Niranjan has withdrawn her statement, says Jaitley

arun jaitleyNew Delhi, Dec 2 : Union Finance Minister Arun Jaitley on Tuesday said that Union Minister of State Sadhvi Niranjan Jyoti has apologized and withdrawn her statement.

"She has apologized and withdrawn her statement. Now what happens outside isn't within domain of this House," said Jaitley.

Earlier today, Jyoti apologized in the parliament for using abusive words while addressing voters in a recent campaign in the capital, and said that she had not intended to hurt anyone.

The opposition, however, dismissed the union minister's apology and instead pressed on her resignation.

Prime Minister Narendra Modi also expressed his displeasure over the statement .

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