New Delhi: The proposal for auctioning for phase III of FM channels was given a go ahead by the government today, a process that could add an estimated revenue of over Rs 550 crore to
Mumbai: Seeking to increase insurance penetration in the country, the Reserve Bank on Thursday allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies.“Banks
New Delhi: A whopping investment of Rs. 5 lakh crore would be made in the road sector in the coming five years, Transport Minister Nitin Gadkari said.“In five years, there will be investment of Rs.
New Delhi: Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit.EMIs
New Delhi: Finance Minister Arun Jaitley has hailed the decision of RBI to cut the interest rate, saying it is positive for the Indian economy and will certainly help in reviving the investment cycle the
New Delhi: In a surprise move, the Reserve Bank of India (RBI) today slashed the repo rate by 25 bps to 7.75 per cent with a view to boost growth.Read full statement of Raghuram G
New Delhi: The government would rely on the IT industry for the success of its "Digital India" initiative and realisation of its "Make in India" campaign, Finance Minister Arun Jaitley said on Wednesday."Our 'Digital India'
New Delhi: Notwithstanding the marginal rise in December inflation, India Inc on Wednesday said low oil prices and measures undertaken by the government are likely to keep inflation under check, even as it reiterated the
Mumbai: Budget carrier SpiceJet Wednesday refuted a report that it had diverted funds to other group companies of parent firm Sun Group.The company's denial came after a media report claimed that SpiceJet had diverted Rs.875 crore
New Delhi: The World Bank has cut its outlook for global growth and warned that the world's economy is "running on a single engine."The global development lender predicted that deepening trouble in the eurozone, Japan
New Delhi: Giving fillip to the widespread calls for a rate cut by the Reserve Bank, India's wholesale price index (WPI) based inflation fell to 0.11 percent in December 2014 from 6.40 percent in the
Mumbai: The dramatic fall in global crude prices is a big boost for India as it can bring down the country's annual oil import bill by about $50 billion, RBI deputy governor Urjit Patel said
New Delhi: Bringing yet more smiles on the faces of consumers, global oil prices have slid to a low of $45 a barrel on Tuesday, lowest in last six years. Although the news about crude
Washington: Buoyed by the economic reform measures taken by the Indian government after coming to power in May last year, the World Bank has said that India would catch up with China's growth in the
New Delhi: The government has managed to bring current account deficit within "comfort level" with help from falling oil prices, Finance Minister Arun Jaitley has said and added that economic revival has begun.The government, he
New Delhi: With Vibrant Gujarat Summit attracting proposals worth a staggering Rs 25 lakh crore, Finance Minister Arun Jaitley has expressed hope that states would consistently pursue business-friendly policies and compete with each other to
Mumbai: Reserve Bank of India Governor Raghuram Rajan has been named "Governor of the Year" by British magazine Central Banking.The magazine gave the award to Rajan for 2015 for "his deep understanding of the root
New Delhi: The RBI is against broad-basing CRR, the portion of total bank deposits kept with the Reserve Bank, to include forex and gold reserves as it would entail an additional burden on the lenders.The
New Delhi: Moving ahead with the process of auction of mines, the Government has invited bidders to come up with dates to visit the coal blocks besides inspecting land documents of the mines.The invite notice
New Delhi: Reviving hopes of economic recovery, industrial production grew at a 5-month high of 3.8 per cent in November due to improvement in manufacturing and mining sectors as well as better offtake of capital
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