NEW DELHI: To safeguard investors from fraudulent money-collection schemes, the government today proposed mandatory insurance cover for public deposits garnered by companies and hefty penalty of up to 18 per cent annual interest for defaulters.The
Mumbai: Improved fund availability and significant unrealised potential are likely to help the country's micro finance institutions to grow at an annual rate of 30-35 per cent over the next three years, a study said.
Mumbai: Pakistani singer-composer Adnan Sami today accepted the service tax liability to the tune of Rs 10 lakh and promised to pay the dues in next two days. Sami was issued summons on October 15
New Delhi: Mother Dairy, the largest milk supplier in the Delhi-NCR region, today hiked milk prices by Rs 2 per litre on rise in input cost. Milk prices in Delhi will be raised from Rs
New Delhi: CBI today wrote to Prime Minister's Office seeking all the records related to allocation of coal block to Hindalco, three days after the top office said Prime Minister Manmohan Singh had approved it
New Delhi: Concerned over defaults by big borrowers, Finance Minister P Chidambaram today said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate
New Delhi: A special money laundering court here has ordered freezing of bank accounts of Sudipta Sen, the arrested chairman of Saradha group embroiled in alleged chit fund scam, to allow probe agencies complete investigations
New Delhi: The Inter-Ministerial Group (IMG) on coal blocks is likely to meet this next week to decide the fate of around 30 coal blocks.Allottees of these 30 blocks were earlier issued show cause notices
New Delhi: Worried over persisting slump in the manufacturing segment, the Commerce and Industry Ministry is working on a proposal on giving interest subsidy as part of its efforts to shore up growth in the
New Delhi: Onion prices continue to remain volatile with the rates shooting up again to the Rs 80/kg level in the retail markets of the national Capital.Onion prices have risen again to Rs 75-80 per
New Delhi: The Planning Commission Deputy Chairman, Montek Singh Ahluwalia today termed decision to allot Talabira-II coal mine to Hindalco by the Prime Minister as “absolutely right” and said investigating agencies need to develop a
New Delhi: Tata group's agrochemical firm Rallis India Ltd today reported a 21 per cent rise in consolidated net profit to Rs 74.75 crore for the quarter ended September on higher sales.The company had posted
New Delhi: Several states today opposed inclusion of petroleum products and liquor in the proposed Goods and Services Tax (GST) regime as the move would severely affect their revenues.This came out at the meeting of
New Delhi: State-owned life insurer LIC has pared stake in IT major Infosys to 4.95 per cent during the July-September quarter with sale of shares estimated at around Rs 3,400 crore.The biggest institutional investor in
New Delhi: Indian aviation authorities should strive to add more capacity than currently required to keep pace with the massive growth in the sector projected over the next decade, Heavy Industries Minister Praful Patel said
New Delhi: Issues concerning taxation of liquor and petroleum products are expected to figure in the meeting of the Empowered Committee of State Finance Ministers Monday.While the centre wants that liquor and petroleum products should
New Delhi: Current Account Deficit is likely to be lower than the projection of 3.8 percent of the GDP and India will be in a better position to neutralise the impact of the tapering of
New Delhi: Securities market regulator SEBI has told a Parliamentary panel that prosecution proceedings initiated by it against defaulters have not proved to be an effective deterrent due to “delays” associated with the criminal justice
Mumbai: Even as Reserve Bank is working on launching a futures instrument in government bonds, market players are having reservations over the design of the proposed product, citing poor experience in the past with such
New Delhi: As industry voiced concern over the CBI naming industrialist Kumar Mangalam Birla in a case, Oil Minister M Veerappa Moily on Friday said investigating agencies and the judiciary must ensure that India does
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