After starting the DID YOU KNOW section a few days ago, I received some interesting queries, on the basis of which, I keep updating my facebook fans. Here is another set of seven interesting facts, from the fanpage of MONEY MATTERS. Enjoy reading :

1. Bharti Airtel has become the first telecom operator in India to be issued a 'Semi-closed wallet' licence by the Reserve Bank of India. The licence will allow Airtel users to pay for merchandise using mobile phones.

2. EURO (€) is the official currency of the eurozone, which consists of 16 of the 27 Member States of the European Union (EU). It is also the currency used by the EU institutions. Surprisingly, Euro is not the currency of one of the most powerful nations of Europe i.e. The United Kingdom.

3. BRIC (or"the BRIC countries") is a grouping acronym that refers to 4 countries - Brazil, Russia, India, and China. They are deemed to be at a similar stage of newly advanced economic development. These are also known as the "Big Four" of the world.

4. From January 2008 onwards, 283 Banks have failed in the United States of America. But still, USA managed to survive

Finance Did You Know
5. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India.

6. 14 largest commercial banks were nationalized with effect from 19th July, 1969. A second dose of nationalization of 6 more commercial banks followed in 1980. The reason stated behind the nationalization of banks was to give the government more control over credit delivery.

7. Finland has become the first country in the world to make broadband a legal right for every citizen. From 1 July 2010, every Finn has the right to access to a 1Mbps (megabit per second) broadband connection. Finland has vowed to connect everyone to a 100Mbps connection by 2015. I wonder if we will ever be able to effectively use a 100mbps connection in India.

If you also have something interesting to share, please feel free.

Looking forward to your valuable comments

Share your views...

10 Respones to "DID YOU KNOW - II"

sanjog said...

Wonder when we would have internet as a legal right in INDIA

September 29, 2010 at 10:28 AM
Nandan Narula said...

@ Sanjog : Till now, it seems like a distant dream. . .

Aniruddh said...

Surprising facts and figures...!!
The point that 283 American Banks collapsed and yet American managed to survive it is an indication of their financial impact over the world..!!
Great post and a very good blog

October 2, 2010 at 11:48 PM
Nandan Narula said...

@ Aniruddh : Welcome to MONEY MATTERS and thanks a lot for your feedback. I also wonder, had so many banks failed in India, then our economy would have been completely destroyed.

Sid said...

Thanks for your comments on my blog buddy. I visited your blog and quite a few ideas of promoting my work...And of course helped me learn about the Vitamin M

October 3, 2010 at 6:49 AM
Nandan Narula said...

@ Sid : I hope this dose of Vitamin M will help you to overcome many ailments.

pallavi said...

Nandan, thank u so much for your vote on my post @ Indiblogger!! You have a very informative blog here!

October 7, 2010 at 3:44 AM
Nandan Narula said...

@ Pallavi : Thanks for your feedback.It was indeed a nice post. Hope to see you at MONEY MATTERS again.

Nalini Hebbar said...

Nice info...I think even the idea of food for every starving person is still a dream!

October 14, 2010 at 6:04 PM
Nandan Narula said...

@ Nalini : Thats right, here even the basic necessities are beyond the common man's reach

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