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  • finance ministry launches website for pradhan mantri jan

    Finance Ministry launches website for Pradhan Mantri Jan Dhan Yojana

    October 28, 2014 7:42 IST

    New Delhi: The Finance Ministry has launched a dedicated website for Pradhan Mantri Jan Dhan Yojana, government's flagship financial inclusion programme, to help people open bank accounts."The website will provide an easy access to information

  • black money assocham against revelation of names

    Black money: Assocham against revelation of names

    October 27, 2014 8:24 IST

    New Delhi: Industry chamber Assocham has said that it is premature to disclose the names of Indians who have allegedly illegal bank accounts abroad.It said that doing this will hurt India's battle against black money.It

  • finance ministry clears 20 fdi proposals worth rs 988 crore

    Finance Ministry clears 20 FDI proposals worth Rs 988 crore

    October 25, 2014 8:12 IST

    New Delhi: The Finance Ministry has cleared 20 FDI proposals including 6 in the pharma sector envisaging a total inflow of Rs 988.3 crore.The proposals of Fresenius Kabi Oncology for Rs 119 crore and Amneal

  • coal block reallocation must give level playing field

    Coal block reallocation must give level-playing field: Industry

    October 22, 2014 7:13 IST

    New Delhi: Even as the ordinance allowing reallocation of coal blocks cancelled by the Supreme Court received presidential approval on Tuesday, the Indian industry welcomed the move saying reforms towards a transparent allocation system must

  • rbi says onus of forming jlf on lead bank warns of penalty

    RBI says onus of forming JLF on lead bank; warns of penalty

    October 22, 2014 6:38 IST

    Mumbai: The Reserve Bank of India (RBI) put the onus of forming a Joint Lenders' Forum (JLF) on the bank with highest exposure to a distressed borrower and said here today that failure to do

  • disclosure of black money a/c holders will embarrass

    Disclosure of black money a/c holders will embarrass Congress: FM

    October 22, 2014 7:56 IST

    New Delhi: On the back foot on black money issue, Finance Minister Arun Jaitley today hit back at Congress saying the party will be embarrassed once the names of people holding illicit foreign accounts are

  • gas pricing will ensure profit not windfall profit arun

    Gas pricing will ensure profit, not windfall profit: Arun Jaitley

    October 20, 2014 21:42 IST

    New Delhi: Days after approving lower than demanded gas price increase, finance minister Arun Jaitley has said the $5.61 per mmBtu rate will ensure explorers make profit but not windfall gain.The increase in rate, approved

  • freeing diesel will allow rbi to cut rates report

    Freeing diesel will allow RBI to cut rates: Report

    October 20, 2014 20:59 IST

    Mumbai: The government decision to free diesel prices will give more space to the Reserve Bank to slash interest rates earlier-than-expected, and also help in improving the overall finances of the country, says a report.The

  • good show by bjp in assembly polls will give boost to

    Good show by BJP in assembly polls will give boost to economy reforms: Assocham

    October 20, 2014 6:57 IST

    New Delhi: Good show by the Bharatiya Janata Party (BJP) in Maharashtra and Haryana assembly polls will give further impetus to the Modi government to push ahead with key economic reforms, including GST, industry body

  • visakhapatnam steel plant may resume production in a month

    Visakhapatnam Steel Plant may resume production in a month

    October 19, 2014 7:12 IST

    Visakhapatnam: It may take a month for Visakhapatnam Steel Plant to resume production, Andhra Pradesh Chief Minister N Chandrababu Naidu said.Naidu visited the plant badly hit by severe cyclonic storm Hudhud which battered this port

  • modi govt deregulates diesel price cut by rs. 3.37 a litre

    Modi govt deregulates diesel, price cut by Rs. 3.37 a litre

    October 19, 2014 0:00 IST

    New Delhi: In much-awaited reform, the government today deregulated diesel prices, a move that will result in a price cut of Rs 3.37 a litre with effect from midnight tonight.Finance Minister Arun Jaitely said the

  • prakash javadekar leads bank employees delegation to meet

    Prakash Javadekar leads bank employees' delegation to meet Finance Minister Arun Jaitley

    October 18, 2014 20:11 IST

    New Delhi: Representatives of bank employees headed by Union Minister Prakash Javadekar on Saturday met Finance Minister Arun Jaitley for early settlement of wage revision negotiations.Javadekar said the Finance Minister assured the delegation that he

  • lic to step up services in cyclone hit ap odisha

    LIC to step up services in cyclone-hit AP, Odisha

    October 18, 2014 14:59 IST

    Chennai: The country's largest life insurer, Life Insurance Corporation of India, has appointed nodal officers in cyclone-devastated Andhra Pradesh and Odisha for stepping up its services in the region, including expediting settlement claims.LIC has eased

  • us india trade body to partner in vibrant gujarat summit

    US-India trade body to partner in Vibrant Gujarat summit

    October 18, 2014 14:15 IST

    Washington: The US-India Business Council (USIBC) will lead a US delegation of Fortune 500 CEOs and senior executives to the Vibrant Gujarat 2015 summit in Gandhinagar, Gujarat in January 2015.This will be USIBC's fourth, and

  • disinvestment programme on track arun jaitley

    Disinvestment programme on track: Arun Jaitley

    October 18, 2014 11:43 IST

    New Delhi: The government's Rs 43,425 crore disinvestment programme is on track and a schedule for sale of stake in state-owned firms will be announced shortly, Finance Minister Arun Jaitley said."The process (of disinvestment) is

  • make in india policy not restrictive pranab mukherjee

    'Make in India' policy not restrictive: Pranab Mukherjee

    October 18, 2014 7:43 IST

    On Board Special Plane: Allaying any concerns of foreign investors about the 'Make in India' policy being ‘restrictive', President Pranab Mukherjee unequivocally said India is committed to trade liberalisation.Talking to reporters on board his special

  • india gdp growth to be subdued at 5.2 per cent in q2 d b

    India GDP growth to be subdued at 5.2 per cent in Q2: D&B

    October 17, 2014 16:29 IST

    New Delhi: India's economic growth rate for the second quarter of the current financial year is likely to be "subdued" at 5.2 per cent and a revival can be expected only from the last quarter

  • q2 gdp to be subdued revival likely from last quarter d b

    Q2 GDP to be subdued; revival likely from last quarter: D&B

    October 17, 2014 16:08 IST

    New Delhi: India's economic growth rate for the second quarter of the current financial year is likely to be “subdued” at 5.2 per cent and a revival can be expected only from the last quarter

  • west must not view india s stand on tfa as market

    West must not view India's stand on TFA as market distortion: President Mukherjee

    October 17, 2014 14:22 IST

    New Delhi: Asserting that trade facilitation and food security are closely interlinked, President Pranab Mukherjee today asked developed nations not to view India's decision against ratifying WTO's TFA as "market distortion".Mukherjee, who returned to New

  • govt rbi working on new policy framework

    Govt, RBI working on new policy framework

    October 17, 2014 12:45 IST

    Hyderabad: RBI governor Raghuram Rajan on Thursday said the central bank and the government are in discussion to formulate a new monetary policy framework which will be more expressive and in line with international standards."The

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