New Delhi: President Pranab Mukherjee said faster, more inclusive and sustainable growth is an “impending reality for India”.“As the number of middle-class consumers continues to swell, the market is likely to become more attractive for
New Delhi: The interim budget presented by Finance Minister P. Chidambaram is expected to provide some relief in a situation where overall demand continues to remain subdued, the Confederation of Indian Industry (CII) has said.“However,
Islamabad: Pakistani and Indian industry bodies have agreed on the need to normalise trade relations but a Pakistani daily Saturday said that before signing any agreement, policymakers must assess strategic and economic impacts on the
Kolkata/New Delhi: Archana Bhargava, chairman and managing director of United Bank of India, resigned here, on Friday. Bhargava, who joined the Kolkata-based bank 10 months ago, quit on medical grounds, finance ministry officials said.The bank
New Delhi: Ailing Air India, which was recently hit by LTC scam, has stumbled upon another case of fraud involving crores of rupees in a scheme meant for family members of the employees of the
New Delhi: The International Monetary Fund (IMF) has appreciated India's ability to curb its spending and control inflation as well as an mercantile unemployment. This comes amid signals of disproportion of opinions between supervision and
New Delhi: Coming down heavily on the Sahara group for not refunding Rs 20,000 crore of investors money despite its order, the Supreme Court yesterday summoned its chief Subrata Roy to be personally present before
New Delhi: The Employees' Provident Fund Organisation (EPFO) paid lesser amount as interest on PF deposits of over 5 crore subscribers than its earnings between 2007-08 and 2010-11, according to a report by the Comptroller
New Delhi: Parliament today passed then Interim Railway Budget for 2014-15 with Rajya Sabha returning it without discussion amid din over Telangana issue.The Budget and related appropriation bills were passed by the Lok Sabha yesterday.Amid
Mumbai: The rupee fell 36 paise, its biggest loss in three weeks, to close at 62.20 versus the dollar today as pent up demand of the American currency and a drop in regional currencies weighed.The
Mumbai: RBI Governor Raghuram Rajan went against the majority view in the bank's technical advisory committee (TAC) while announcing a surprise 0.25 per cent hike in key rates in the January 28 policy review, as
Mumbai: Country's largest bank SBI today said the Rs 11,200-crore budgetary allocation for state-run banks' recapitalisation for FY'15 may not be sufficient given the systemic credit growth and migration to the capital-intensive Basel-III framework.“The proposed
New Delhi: India will add $15 billion to forex reserves this year, Finance Minister P Chidambaram said today.India had forex reserves amounting to $292.33 billion as on February 7. About $1.26 billion came in the
New Delhi: The Government today said the country's installed power generation capacity has more than doubled to 2,34,600 MW in the past 10 years.“India's power generation capacity 10 years ago (2004) was 1,12,700 MW, it
New Delhi: Agriculture credit is likely to exceed the target of Rs. 7,00,000 crore, while farm exports are expected to increase to over $45 billion in the current fiscal, Finance Minister P Chidambaram said today.“We
New Delhi: Road network in the country has witnessed over seven-fold increase to 3.89 lakh kilometres in the UPA-I and UPA-II regime, Finance Minister P Chidambaram said today.“In the year 2004, the country's highway network
New Delhi: All 1.55 lakh post offices will starting working using modern technology by next year, Finance Minister P Chidambaram said today.“The IT modernisation project of the Department of Posts with outlay of Rs. 4,909
New Delhi: Finance Minister P Chidambaram today said that the Government has taken “swift action” to ensure that the Rs. 5,600-crore payment crisis at NSEL does not spill over to other regulated segments of the
New Delhi: To deepen the financial markets, the Government today proposed to overhaul the norms governing the issuance of foreign-listed securities by Indian firms and said steps would be taken to boost the corporate bond
New Delhi: Finance Minister P Chidambaram today proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year."In 2014-15, I propose to provide Rs 11,200 crore for
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