Rajasthan’s interest subsidy for factories in backward areas
August 30th, 2012 - 5:21 pm ICT by IANS
Jaipur, Aug 30 (IANS) Rajasthan Industries Minister Rajendra Pareek Thursday announced an interest subsidy of 200-300 basis points for small and medium enterprises that set units in the backward regions ... Read more...
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CEA to help state power utilities become energy efficient
July 26th, 2012 - 6:13 pm ICT by IANS
Hyderabad, July 26 (IANS) The Central Electricity Authority (CEA) is drafting a scheme to help state power utilities with interest subsidy or additional electricity allocation to enable them meet energy ... Read more...
Posted in Business |
Home loans up to Rs.15 lakh get 1 percent cheaper
July 4th, 2012 - 4:41 pm ICT by IANS
New Delhi, July 4 (IANS) The government Wednesday announced one percent interest subsidy on housing loan up to Rs.15 lakh to give a boost to low-cost housing projects in ... Read more...
Posted in Business |
Benefits to e-commerce platforms beyond Delhi, Mumbai
June 8th, 2012 - 6:49 pm ICT by IANS
Kolkata, June 8 (IANS) To boost overseas trade, the government is mulling extending to other areas the benefits that e-commerce platforms in Delhi and Mumbai get for delivering products outside ... Read more...
Posted in Business |
Government measures will help boost exports: Industry
June 5th, 2012 - 8:16 pm ICT by IANS
New Delhi, June 5 (IANS) Exporters and the industry welcomed the measures the government announced Tuesday to boost foreign trade, saying these would help achieve the $500 billion export target ... Read more...
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Kerala to be tough on banks not providing ‘edu loans’
March 28th, 2012 - 5:55 pm ICT by IANS
Thiruvananthapuram, March 28 (IANS) Kerala Chief Minister Oommen Chandy Wednesday said the state government will act tough on commercial banks that do not provide educational loans to students."It ... Read more...
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Realty sector sore with union budget
March 16th, 2012 - 8:18 pm ICT by IANS
Mumbai, March 16 (IANS) Predicting an escalation in property prices, top players in Maharashtra's crucial realty sector Friday said they had been ignored by Finance Minister Pranab Mukherjee in ... Read more...
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Is Indian handloom dying a slow death?
December 14th, 2011 - 4:02 pm ICT by IANS
New Delhi, Dec 14 (IANS) Their handspun silks and cottons are sold for thousands and sometimes hundreds of thousands of rupees and top names endorse their products. But ... Read more...
Posted in Business |
Cabinet approves National Electricity Fund (Lead)
December 13th, 2011 - 10:36 pm ICT by IANS
New Delhi, Dec 13 (IANS) The cabinet Tuesday approved the creation of a National Electricity Fund (NEF) to provide interest subsidy of Rs.8,466 crore for electricity distribution projects for a ... Read more...
Posted in Business |
Handloom weavers to get credit card, interest subsidy
November 19th, 2011 - 9:42 pm ICT by IANS
New Delhi, Nov 19 (IANS) Commerce and Industry and Textiles Minister Anand Sharma Saturday announced measures such as issuance of weaver credit card, interest subsidy, credit guarantee and freight reimbursement ... Read more...
Posted in Business |
Small home loan borrowers to get 1 percent interest subsidy
October 25th, 2011 - 5:45 pm ICT by IANS
New Delhi, Oct 25 (IANS) In a bid to provide relief to small home loan borrowers from rising interest rates, the government Tuesday said it will provide 1 percent ... Read more...
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Business confidence on the decline: CII
October 23rd, 2011 - 11:08 am ICT by IANS
New Delhi, Oct 23 (IANS) Uncertainty surrounding the global economy, rising cost of inputs and high interest rates have led to a decline in business confidence during the current quarter, ... Read more...
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Pranab to review banks’ performance
July 7th, 2011 - 5:20 pm ICT by IANS
New Delhi, July 7 (IANS) Finance Minister Pranab Mukherjee will meet chief executives of public sector banks and financial institutions Friday to review their annual performance, a statement said.The ... Read more...
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Maharashtra proposes interest-free crop loans
March 23rd, 2011 - 10:07 pm ICT by IANS
Mumbai, March 23 (IANS) Maharashtra farmers will get crop loans without interest and at subsidised interest, state Deputy Chief Minister Ajit Pawar, who also holds the finance ministry portfolio, proposed ... Read more...
Posted in Politics |
Pradeep Jain thanks FM for giving due importance to real estate sector
February 28th, 2011 - 10:16 pm ICT by ANI
New Delhi, Feb 28 (ANI): Commenting on the Union Budget 2011-12, Pradeep Jain, Chairman, Parsvnath Developers Limited, on Monday thanked Union Finance Minister Pranab Mukherjee for giving due importance to the ... Read more...
Posted in National |
Interest subsidy on Rs.15 lakh housing loan: Mukherjee (Lead)
February 28th, 2011 - 9:53 pm ICT by IANS
New Delhi, Feb 28 (IANS) In a boost to the housing sector, low-cost housing loans of up to Rs.15 lakh would be eligible to get an interest subsidy of one percent, ... Read more...
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Interest subsidy on Rs.15 lakh housing loan: Mukherjee
February 28th, 2011 - 2:12 pm ICT by IANS
New Delhi, Feb 28 (IANS) In a boost to the housing sector, Finance Minister Pranab Mukherjee Monday said low-cost housing loans of Rs.15 lakh would be eligible to get an interest ... Read more...
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Highlights of Union Budget 2011-12 (Part-III)
February 28th, 2011 - 1:20 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Minister on Monday presented the Union Budget 2011-12 in the Parliament.Highlights of Union Budget 2011-12 are as follows:* Removal of supply bottlenecks in ... Read more...
Posted in National |
Cabinet okays Rs.1,400 crore interest subsidy for exporters
December 30th, 2010 - 11:03 pm ICT by IANS
New Delhi, Dec 30 (IANS) The Cabinet Committee on Economic Affairs Thursday approved Rs.1,400 crore interest subsidy to augment exports of labour intensive products. "The measure will mitigate the effects of global ... Read more...
Posted in Business |
Education loan subsidy scheme finalised
June 24th, 2010 - 7:15 pm ICT by IANS
New Delhi, June 24 (IANS) To make education loans cheaper, a scheme was finalised Thursday to provide full interest subsidy on the loans taken by students with annual family income below Rs.4.5 ... Read more...
Posted in Uncategorized |
Government to implement more minority welfare schemes
June 9th, 2010 - 11:06 pm ICT by IANS
New Delhi, June 9 (IANS) The central government Wednesday said it would implement four more schemes for the welfare of minorities this financial year after an allocation of Rs.11 crore was made ... Read more...
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Govt.’s mid-day meal benefited 11 crore children in 2009-10
June 2nd, 2010 - 12:02 am ICT by ANI
New Delhi, June 1 (ANI): The Government on Tuesday stated that its Mid-day meal scheme has been able to benefit about 11 crore children across the country in the last fiscal ... Read more...
Posted in National |
Eye on reforms, budget allocates Rs. 42,036 crore for education (Second lead)
February 26th, 2010 - 8:59 pm ICT by IANS
New Delhi, Feb 26 (IANS) India Friday allocated Rs.42,036 crore (Rs.420 billion/$ 9.1 billion) for both the school and higher education sectors in 2010-11, an increase of over Rs.5,600 crore from ... Read more...
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Higher education gets Rs.11,000 cr; focus on IITs, study loans
February 26th, 2010 - 8:27 pm ICT by IANS
New Delhi, Feb 26 (IANS) India Friday allocated Rs.11,000 crore (Rs.110 billion/$2.38 billion) for its higher education sector, which is around seven percent more than the 2009-10 financial year.
As per the ... Read more...
Posted in Business |
Centre doubles plan allocation for power sector
February 26th, 2010 - 5:12 pm ICT by ANI
New Delhi, Feb 26 (ANI): Union Finance Minister Pranab Mukherjee on Friday doubled the plan allocation for the power sector.With the doubling of the plan allocation the power sector now ... Read more...
Posted in National |
Plan allocation for Power Sector doubled
February 26th, 2010 - 4:01 pm ICT by ANI
New Delhi, Feb.24 (ANI): The Government on Friday doubled the Plan allocation for the Power Sector to Rs.5,130 crore for 2010-11 from the previous Rs.2,230 crore for 2009-10."The allocation does not ... Read more...
Posted in National |
Budget 2010 : Interest subsidy for exporters extended
February 26th, 2010 - 3:16 pm ICT by ANI
New Delhi, Feb 26 (ANI): Union Finance Minister Pranab Mukherjee on Friday proposed to extend the concessional export finance regime for select exporters for one more year till March 31, 2011.Mukherjee's ... Read more...
Posted in National |
Karnataka moots integrated IT city near Bangalore airport
February 25th, 2010 - 5:15 pm ICT by IANS
Bangalore, Feb 25 (IANS) The Karnataka government would build an integrated IT city near the Bangalore international airport to attract more investments in the knowledge sector, Governor H.R. Bhardwaj said Thursday.
"The state ... Read more...
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Government committed to overhaul education infrastructure: Patil (Lead)
February 22nd, 2010 - 3:02 pm ICT by IANS
New Delhi, Feb 22 (IANS) From investing more in primary education to allowing foreign universities to open campuses in India, the central government is working to bring a paradigm shift in ... Read more...
Posted in Business |
CII demands Rs.50 bn for Technology Upgradation Fund Scheme
February 16th, 2010 - 7:14 pm ICT by IANS
Chennai, Feb 16 (IANS) The Confederation of Indian Industry-Southern Region (CII-SR) Tuesday asked the government to provide Rs.5,000 crore (Rs.50 billion) towards the Technology Upgradation Fund Scheme (TUFS) and scrap the import ... Read more...
Posted in Business |
21400 new schools, 52000 teachers to be recruited: Sibal
September 10th, 2009 - 10:59 pm ICT by ANI
New Delhi, Sep 10(ANI): Union Human Resource Development Minister Kapil Sibal on Thursday announced that more than 21400 new schools will be opened and over 52,000 teachers will be recruited during the ... Read more...
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One percent interest subsidy on housing loans
September 10th, 2009 - 5:53 pm ICT by IANS
New Delhi, Sep 10 (IANS) The government Thursday approved one percent interest rate subvention for housing loans up to Rs.10 lakh, and okayed the allocation of Rs.1,000 crore for the scheme.
"The ... Read more...
Posted in Business |
Tax concessions to exporters to cost extra Rs 2,200 crores
August 31st, 2009 - 6:00 pm ICT by ANI
New Delhi, Aug. 31 (ANI): Tax concessions announced under the new Foreign Trade Policy to boost exports will cost the exchequer an extra 2,200 crore rupees."Our analysis (of FTP's implications on ... Read more...
Posted in Business |
Government to shoulder interest on study loans for poor
August 27th, 2009 - 10:45 pm ICT by IANS
New Delhi, Aug 27 (IANS) Have you taken an educational loan and are finding it tough to pay the interest on it? Take heart, as the government Thursday decided to shoulder ... Read more...
Posted in Uncategorized |
Poor students to have interest subsidy on educational loans
August 27th, 2009 - 5:27 pm ICT by ANI
New Delhi, Aug 27 (ANI): The Government has approved a scheme to provide full interest subsidy during the period of moratorium on loans taken by poor students from scheduled banks under the ... Read more...
Posted in National |