Cabinet releases Rs.10,091 crore for crop loan subsidies
September 6th, 2012 - 10:11 pm ICT by IANS
New Delhi, Sep 6 (IANS) To ease the burden on farmers specially in drought-hit areas, the cabinet Thursday decided to release Rs.10,901 crore to banks as interest subvention for ... Read more...
Posted in Business |
Cabinet nod for continuing farmers’ loan scheme
September 6th, 2012 - 9:39 pm ICT by IANS
New Delhi, Sep 6 (IANS) The government Thursday approved a proposal to continue interest subvention to public sector banks (PSBs), regional rural banks (RRBs), cooperatives banks and NABARD to ... Read more...
Posted in Business |
Festivals, protests and strikes - it’s ‘holiday season’ in Kerala
August 20th, 2012 - 5:32 pm ICT by IANS
Thiruvananthapuram, Aug 20 (IANS) With festivals, strikes and protests lined up for the next two weeks in Kerala, the 'holiday season' has begun in the state.Beginning Saturday, a three-day ... Read more...
Posted in Business |
Rs.2 bn equity investment in Srei Equipment Finance okayed
August 11th, 2012 - 12:35 am ICT by IANS
Kolkata, Aug 10 (IANS) Kolkata-based infrastructure and construction equipment financing company Srei Infrastructure Finance Ltd. (SIFL) and French financial major BNP Paribas have approved equity investment of up to Rs.2 ... Read more...
Posted in Business |
Uttar Pradesh ignoring Vrindavan widows: SC
July 30th, 2012 - 10:21 pm ICT by IANS
New Delhi, July 30 (IANS) The Supreme Court Monday chided the Uttar Pradesh government for not being sensitive to the plight of widows abandoned by their kin and living in ... Read more...
Posted in Uncategorized |
Court stays order to make president’s donations public
July 13th, 2012 - 11:54 pm ICT by IANS
New Delhi, July 13 (IANS) A division bench of Delhi High Court Friday stayed its single judge's order ruling that donations made by the President of India out of public ... Read more...
Posted in Uncategorized |
‘Delayed monsoon to affect credit offtake in farm sector’
July 9th, 2012 - 6:28 pm ICT by IANS
Kolkata, July 9 (IANS) The delayed monsoon in the country will hit the banking sector as it is set to affect credit offtake in the farm sector, a top official ... Read more...
Posted in Business |
No disclosure of names of donors to PM’s relief fund: Court
July 6th, 2012 - 8:59 pm ICT by IANS
New Delhi, July 6 (IANS) The Delhi High Court Friday set aside a Central Information Commission (CIC) order for disclosing the names of institutional donors to the Prime Minister's National ... Read more...
Posted in Uncategorized |
UP ups taxes on tobacco products
June 30th, 2012 - 5:47 pm ICT by IANS
Lucknow, June 30 (IANS) The Akhilesh Yadav government in Uttar Pradesh has increased taxes on all types of tobacco products in the state in a bid to deter their use, ... Read more...
Posted in Politics |
President comes under RTI, make donations public: Court (Lead)
June 14th, 2012 - 6:06 pm ICT by IANS
New Delhi, June 14 (IANS) Donations made by the President of India out of public funds do not pertain to his or her personal information, the Delhi High Court Thursday ... Read more...
Posted in Uncategorized |
No new taxes in Akhilesh’s maiden UP budget
June 1st, 2012 - 4:08 pm ICT by IANS
Lucknow, June 1 (IANS) Presenting his maiden budget Friday amid uproar and a walkout by the main opposition Bahujan Samaj Party (BSP), Uttar Pradesh Chief Minister Akhilesh Yadav announced ... Read more...
Posted in Politics |
Srei to focus on IT, healthcare equipment financing
May 14th, 2012 - 10:52 pm ICT by IANS
Kolkata, May 14 (IANS) With the country's power and telecom sectors experiencing many challenges, infrastructure and construction equipment financing non-banking finance company (NBFC) Srei Infrastructure Finance Ltd. Monday said it ... Read more...
Posted in Business |
NRHM scam: IAS officer arrested, sent to CBI custody (Lead)
May 10th, 2012 - 11:17 pm ICT by IANS
Lucknow/Ghaziabad, May 10 (IANS) Indian Administrative Service (IAS) officer Pradeep Shukla, who held the charge of principal secretary (medical health) in the previous Mayawati government, was Thursday arrested by the ... Read more...
Posted in Uncategorized |
Senior IAS officer arrested in NRHM scam
May 10th, 2012 - 4:00 pm ICT by IANS
Lucknow, May 10 (IANS) Pradeep Shukla, who as a senior Indian Administrative Service (IAS) officer held the charge of principal secretary (medical health) in the previous Mayawati government, was Thursday ... Read more...
Posted in Uncategorized |
Magma to roll out housing finance, gold loan business FY13
April 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, April 27 (IANS) Magma Fincorp will roll out housing finance and gold loan businesses this fiscal. The city-base non-banking finance company is also awaiting the insurance regulator's nod to ... Read more...
Posted in Business |
India contributes $4.71 mn more to UN Democracy Fund
March 31st, 2012 - 7:29 pm ICT by IANS
United Nations, March 31 (IANS) India has made a further contribution of $4.71 million to the UN Democracy Fund (UNDEF) set up in 2005 to encourage participation of all ... Read more...
Posted in Business |
IMF approves 28 bn euro rescue funding for Greece
March 16th, 2012 - 12:53 pm ICT by IANS
Washington, March 16 (IANS) The International Monetary Fund (IMF) Thursday announced that it has approved a 28 billion euro rescue loan for Greece.
The IMF executive board approved a four-year ... Read more...
Posted in Uncategorized |
Drought reduces Mexico’s agricultural production
February 14th, 2012 - 12:01 pm ICT by IANS
Mexico City, Feb 14 (IANS/EFE) The severe drought affecting 22 of Mexico's 32 states has caused a 40 percent drop in agricultural production, opening the way for food shortages over ... Read more...
Posted in Business |
Workers’ welfare boards’ accounts to be audited: Apex court (Lead)
February 8th, 2012 - 11:45 pm ICT by IANS
New Delhi, Feb 8 (IANS) The Supreme Court has said that accounts of all state welfare boards set up for collecting cess and disbursal of funds under schemes meant for ... Read more...
Posted in Business |
Ethiopia seeks India’s financial muscle for its rail project
January 28th, 2012 - 1:38 pm ICT by IANS
Addis Ababa, Jan 28 (IANS) Ethiopia wants $300 million more from India for an ambitious railway project that would connect it with neighbouring Djibouti, a venture that India backs ... Read more...
Posted in Business |
World bank approves new financing instrument
January 25th, 2012 - 2:34 pm ICT by IANS
Washington, Jan 25 (IANS) The World Bank said Tuesday it has approved an innovative new financing instrument for its client countries that links the disbursement of funds directly to the ... Read more...
Posted in Business |
Tamil Nadu to expand biometric smart card-based pension scheme
January 21st, 2012 - 7:26 pm ICT by IANS
Chennai, Jan 21 (IANS) The Tamil Nadu government has decided to expand statewide the disbursement of social security pension based on biometric smart card through banks after positive feedback on ... Read more...
Posted in Business |
Poll panel stops, then allows Punjab relief payment (Lead)
December 29th, 2011 - 10:07 pm ICT by IANS
Chandigarh, Dec 29 (IANS) Within hours of having stopped the payment of relief funds to flood-affected people in poll-bound Punjab, the Election Commission (EC) Thursday evening reversed its decision and ... Read more...
Posted in Politics |
Poll panel stops relief funds payment in Punjab
December 29th, 2011 - 8:00 pm ICT by IANS
Chandigarh Dec 29 (IANS) The Election Commission (EC) Thursday deferred the disbursement of relief funds in Punjab till the election process is over in the state, a senior election officer ... Read more...
Posted in Politics |
IMF approves another bailout tranche for Greece
December 6th, 2011 - 4:03 pm ICT by IANS
Moscow, Dec 6 (IANS/RIA Novosti) The International Monetary Fund has approved a 2.2-billion euro ($2.9 billion) instalment of international financial aid to keep the Greek economy afloat, the global financial ... Read more...
Posted in Business |
Jayalalithaa seeks people’s support for price rise
November 20th, 2011 - 5:14 pm ICT by IANS
Chennai, Nov 20 (IANS) Defending her decision to hike bus fares and milk prices and the proposed rise in power tariffs, Tamil Nadu Chief Minister J.Jayalalithaa Sunday urged people to ... Read more...
Posted in Business |
Left walks out of Kerala assembly
October 19th, 2011 - 3:48 pm ICT by IANS
Thiruvananthapuram, Oct 19 (IANS) The Left opposition Wednesday walked out of the Kerala assembly protesting the state government's decision to disburse salaries and pensions to its employees through three private ... Read more...
Posted in Politics |
Magma’s Q2 income up 27 percent
October 17th, 2011 - 10:14 pm ICT by IANS
Kolkata, Oct 17 (IANS) Magma Fincorp Limited, one of the leading asset finance companies in the country, Monday announced that its income during the second quarter (Q2) of the current ... Read more...
Posted in Uncategorized |
Antony calls for transparency in defence accounts
September 30th, 2011 - 10:15 pm ICT by IANS
New Delhi, Sep 30 (IANS) Defence Minister A.K. Antony Friday called for accountability, transparency and integrity in the defence accounting service, terming these virtues "an integral part of good ... Read more...
Posted in Uncategorized |
Rural jobs scheme: Biometric attendance for workers
August 30th, 2011 - 10:17 pm ICT by IANS
New Delhi, Aug 30 (IANS) There will soon be biometric attendance for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers to bring in more transparency and reduce irregularities, parliament ... Read more...
Posted in Uncategorized |
Apex court cautions chief ministers on discretionary powers
August 27th, 2011 - 8:37 pm ICT by IANS
New Delhi, Aug 27 (IANS) The Supreme Court has held that a chief minister should eschew arbitrariness and discrimination while using discretionary powers in the disbursal of relief funds as ... Read more...
Posted in Politics |
Bhopal gas survivors burn effigy of corruption
August 9th, 2011 - 10:52 pm ICT by IANS
Bhopal, Aug 9 (IANS) More than 200 survivors of the Union Carbide gas disaster burnt an effigy symbolising corruption and demonstrated against "Corruption in medical care, rehabilitation and compensation disbursement".The ... Read more...
Posted in Uncategorized |
Air India employees to get June, July salary by Monday
August 5th, 2011 - 6:21 pm ICT by IANS
New Delhi, Aug 5 (IANS) A day after receiving approval from the government on fresh equity worth Rs.1,200 crore, the Air India management Friday said salaries due to the ... Read more...
Posted in Business |
Tamil Nadu to check corruption in welfare schemes
August 4th, 2011 - 6:31 pm ICT by IANS
Chennai, Aug 4 (IANS) The Tamil Nadu government has decided to use biometric based identification for beneficiaries to prevent leakages and corruption in welfare schemes.Presenting the AIADMK government's first budget ... Read more...
Posted in Politics |
Housing loan demand may fall: NHB chairman
July 27th, 2011 - 5:57 pm ICT by IANS
Kolkata, July 27 (IANS) The demand for housing loans may come down with key rates of the Reserve Bank of India (RBI) going up by 50 basis points, National Housing ... Read more...
Posted in Uncategorized |