SIDBI to be first to raise funds through ECB
August 27th, 2012 - 10:13 pm ICT by IANS
Kolkata, Aug 27 (IANS) The Small Industries Development Bank of India (SIDBI) Monday said it would be first finance company to raise funds through external commercial borrowing (ECB) after the ... Read more...
Posted in Business |
Cabinet likely to discuss National Telecom Policy Thursday
May 24th, 2012 - 3:28 pm ICT by IANS
New Delhi, May 24 (IANS) The union cabinet during its meeting Thursday is likely to take the final call on the National Telecom Policy (NTP) which proposes to abolish roaming ... Read more...
Posted in Sci-Tech |
Nabard’s Rs.15 bn fund to help women’s self-help groups
April 14th, 2012 - 9:37 pm ICT by IANS
Mumbai, April 14 (IANS) The National Bank for Agriculture & Rural Development (Nabard) will create a Rs.15 billion fund to cater to women's Self-Help Groups in economically weaker districts in ... Read more...
Posted in Business |
Will ensure legitimate lending not denied to Bengal: RBI
April 1st, 2012 - 8:39 pm ICT by IANS
Kolkata, April 1 (IANS) The Reverse Bank of India (RBI) Sunday said it would clearly address the issue of lower credit-deposit ratio in West Bengal by ensuring that legitimate lending ... Read more...
Posted in Uncategorized |
Realty industry has little to cheer from budget (Comment)
March 18th, 2012 - 3:37 pm ICT by IANS
The latest national budget has given India?s realty sector a short shrift, despite its stated objective to create conditions for growth, focusing on domestic-driven growth recovery. It has sadly ... Read more...
Posted in Business |
New telecom policy likely by June: Economic Survey
March 15th, 2012 - 5:24 pm ICT by IANS
New Delhi, March 15 (IANS) The new telecom policy, which is expected to do away with roaming charges for subscribers will be announced by June, the Economic Survey said Thursday."The ... Read more...
Posted in Sci-Tech |
PPPs to boost infrastructure industry: Economic Survey
March 15th, 2012 - 3:41 pm ICT by IANS
New Delhi, March 15 (IANS) Public private partnerships (PPPs) are likely to boost the infrastructure industry with almost 50 percent of the Planning Commission's projected investment requirement during the ... Read more...
Posted in Business |
Mamata urges banks to hike agriculture, SME credit in Bengal
December 11th, 2011 - 12:57 am ICT by IANS
Kolkata, Dec 10 (IANS) West Bengal Chief Minister Mamata Banerjee Saturday urged public sector banks to increase the flow of credit to agriculture and micro and small enterprises sectors ... Read more...
Posted in Business |
Draft National Telecom Policy hints at a progressive policy: KPMG
November 18th, 2011 - 11:05 pm ICT by IANS
New Delhi, Nov 18 (IANS) The draft National Telecom Policy (NTP) hints at a progressive policy that can propel the Indian telecom sector to new heights of growth, audit ... Read more...
Posted in Business |
DoT extends deadline for receiving comments on draft NTP
November 8th, 2011 - 7:05 pm ICT by IANS
New Delhi, Nov 8 (IANS) The Department of Telecom (DoT) Tuesday said it has extended the deadline for receiving feedback on the draft National Telecom Policy (NTP) till Dec 9 ... Read more...
Posted in Sci-Tech |
New telecom policy to be unveiled in January
November 4th, 2011 - 4:16 pm ICT by IANS
New Delhi, Nov 4 (IANS) A new telecom policy which may do away with roaming charges for subscribers within the country will be announced in January 2012, Communications Minister Kapil ... Read more...
Posted in Business |
Free roaming, high broadband speeds in new telecom policy
October 10th, 2011 - 5:29 pm ICT by IANS
New Delhi, Oct 10 (IANS) The new telecom policy will bring cheer to consumers with the government Monday proposing to remove roaming charges for subscribers within the country, exponentially increasing ... Read more...
Posted in Business |
Don’t delay infrastructure, Pranab tells western states
September 17th, 2011 - 7:04 pm ICT by IANS
Mumbai, Sep 17 (IANS) Union Finance Minister Pranab Mukherjee Saturday urged chief ministers of India's western states to ensure speedy approval for various infrastructure projects which are held up ... Read more...
Posted in Business |
Banks’ non-performing assets may rise: Assocham
August 14th, 2011 - 10:58 am ICT by IANS
New Delhi, Aug 14 (IANS) Non-performing assets (NPAs) of banks are likely to go up as lending to certain sectors like telecom, airlines and agriculture might turn into bad loans, ... Read more...
Posted in Uncategorized |
RBI to launch schemes for raising credit flow to northeast
May 20th, 2011 - 12:35 am ICT by IANS
Agartala, May 19 (IANS) The Reserve Bank of India (RBI) has asked banks to introduce bankable schemes and open financial literacy and credit counselling centres in the northeast to improve ... Read more...
Posted in Business |
RBI to open more offices in northeast
May 5th, 2011 - 3:28 pm ICT by IANS
Agartala, May 5 (IANS) The Reserve Bank of India (RBI) will set up offices in all northeastern states for better monitoring of banking services in the region, a senior official ... Read more...
Posted in Business |
Govt. hopeful of maintaining four percent agriculture growth
April 20th, 2011 - 9:59 pm ICT by ANI
New Delhi, Apr 20 (ANI): The Central Government is hopeful of maintaining a growth rate of around four percent in the agriculture sector this year.Inaugurating the National Conference of Cooperative Ministers here ... Read more...
Posted in National |
MSMEs play a pivotal role in nation’s development: Virbhadra Singh
April 6th, 2011 - 10:31 pm ICT by ANI
New Delhi, Apr 6 (ANI): Minister for Micro, Small and Medium Enterprises, Virbhadra Singh, on Wednesday said MSMEs have been recognized as engine of growth and have played a pivotal role in ... Read more...
Posted in National |
Cold storage, fertiliser classification as agri-infrastructure welcomed
March 1st, 2011 - 7:50 pm ICT by IANS
New Delhi, March 1 (IANS) Industry lobby Confederation of Indian Industry (CII) Tuesday welcomed the classification of cold chain (storage) and fertiliser industry as agriculture infrastructure in the federal budget ... Read more...
Posted in Business |
Vidarbha farmers unimpressed by budget
February 28th, 2011 - 8:39 pm ICT by IANS
Nagpur, Feb 28 (IANS) Even as the union budget placed agriculture central to the country's growth, it failed to impress the cotton famers and farm widows of the Vidarbha region, an ... Read more...
Posted in Business |
Agriculture reform at heart of Pranab’s budget
February 28th, 2011 - 6:18 pm ICT by IANS
New Delhi, Feb 28 (IANS) Laying stress on agriculture, central to the country's growth, the government Monday announced a slew of measures, including Rs.1 lakh crore more farm credit at subsidised ... Read more...
Posted in Business |
Budget focuses on farm sector: Analysts
February 28th, 2011 - 5:13 pm ICT by IANS
Chennai, Feb 28 (IANS) In his union budget Finance Minister Pranab Mukherjee has given thrust to improving infrastructure, farmers' development and raising agricultural productivity, say research analysts."Overall, it is a welcome ... Read more...
Posted in Business |
Budget promises more money for all - farmers to corporates (Third Lead)
February 28th, 2011 - 2:41 pm ICT by IANS
New Delhi, Feb 28 (IANS) Promising more money in the hands of households by hiking the income tax exemption limit and lowering tax surcharge for corporates, Finance Minister Pranab Mukherjee Monday ... Read more...
Posted in Business |
States being consulted on food security bill: President
February 21st, 2011 - 2:04 pm ICT by IANS
New Delhi, Feb 21 (IANS) President Pratibha Patil Monday said states were being consulted on the proposed food security bill as its success critically depends on their commitment to reforms in ... Read more...
Posted in Business |
Nabard estimates Rs.41,085 crore credit flow in Karnataka
December 21st, 2010 - 10:50 pm ICT by IANS
Bangalore, Dec 21 (IANS) The National Bank for Agriculture and Rural Development (Nabard) Tuesday estimated that Karnataka has a credit flow potential of Rs.41,085 crore to the priority sector in the ensuing ... Read more...
Posted in Business |
RBI to set up more offices in northeast
November 6th, 2010 - 3:16 pm ICT by IANS
Agartala, Nov 6 (IANS) The country's central bank, Reserve Bank of India (RBI), will set up more offices in northeastern states to better monitor the nationalised and regional rural banks in the ... Read more...
Posted in Business |
RBI wants banks to serve villages, says official
September 28th, 2010 - 3:58 pm ICT by IANS
Agartala, Sep 28 (IANS) The Reserve Bank of India (RBI) has asked nationalised banks to provide services in all villages and human habitations with a minimum population of 2,000, United Bank of ... Read more...
Posted in Business |
Mukherjee to meet chiefs of public sector banks today
August 14th, 2010 - 11:50 am ICT by ANI
New Delhi, Aug 14 (ANI): Union Finance Minister Pranab Mukherjee will meet chiefs of public sector banks here today to take stock of the financial performance of the banks and their ... Read more...
Posted in National |
Rs.4,868 crore compensation to public sector banks
July 30th, 2010 - 3:06 pm ICT by IANS
New Delhi, July 30 (IANS) The government Friday approved compensation of Rs.4,868 crore to public sector banks for providing loans to farmers at lower interest rates.
"The Cabinet today gave its approval for ... Read more...
Posted in Business |
Government committed to Food Security Act: Pranab
July 20th, 2010 - 11:27 pm ICT by IANS
Hyderabad, July 20 (IANS) Union Finance Minister Pranab Mukherjee Tuesday said that the government is committed to enacting the Food Security Act and that the financial implications of this will be ... Read more...
Posted in Business |
Mukherjee emphasises need to strengthen Self-help Groups movement
July 20th, 2010 - 10:28 pm ICT by ANI
Hyderabad, July 20 (ANI): Finance Minister Pranab Mukherjee on Tuesday emphasized the need to strengthen movement of Self-help Groups for financial inclusion so that small and marginal farmers could get access ... Read more...
Posted in National |
Farm credit flow exceeds target in 2010: Pranab Mukherjee
July 6th, 2010 - 9:09 pm ICT by ANI
Chandigarh, July 6 (ANI): Finance Minister Pranab Mukherjee on Tuesday exhorted the Governments and bankers to work in closer coordination to tap the growth potential of the region by promoting and ... Read more...
Posted in Business |
Pranab asks banks expand to rural areas, expedite credit flow
July 6th, 2010 - 8:07 pm ICT by IANS
Chandigarh, July 6 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks and financial institutions to provide expeditious credit to various productive sections of the society to tap the country's growth potential.
Addressing ... Read more...
Posted in Business |
Pranab ask states, banks to extend banking access to all (Lead)
June 28th, 2010 - 9:44 pm ICT by IANS
Mumbai, June 28 (IANS) Finance Minister Pranab Mukherji Monday asked the central and western states and public sector banks to extend mainstream banking facilities to the poor, small farmers and micro-entrepreneurs. ... Read more...
Posted in Business |
Pranab Mukherjee asks state governments and banks to improve credit flow
June 28th, 2010 - 9:12 pm ICT by ANI
Mumbai, June 28 (ANI): Union Finance Minister Pranab Mukherjee on Monday asked State Governments and bankers to position themselves to finance the emerging demand for credit from agriculture, manufacturing and services ... Read more...
Posted in National |