Govt asks PSBs to ensure least inconvenience to public in view of strike notice

The Government is ready to meet the situation arising out of the notice given by the United Forum of Bank Unions (UFBU) for Zone-wise relay strikes from 2nd December to 5th December. In a statement, the Finance Ministry said that the government is keeping a close watch over the situation and monitor...

Govt hikes copra MSP by Rs 5,550 per quintal

Govt hikes copra MSP by Rs 5,550 per quintal

Govt hikes copra MSP by Rs 5,550 per quintal

RBI keeps key lending rate unchanged

As per expectations, the RBI has maintained status quo on all the policy rates in its fifth bi-monthly monetary policy released this morning. Subsequently, the policy repo rate unchanged at 8.0 per cent and the cash reserve ratio - CRR remains unchanged at 4.0 per cent. Repo rate is the rate at whic...

Govt hikes excise duty on petrol by Rs 2.25 a litre, diesel by Re 1

Government today hiked the excise duty on petrol by Rs 2.25 per litre, and diesel by Rs 1 a litre. The duty hike will be effective from midnight. According to government sources, there will be no impact on retail prices of petrol and diesel due to the hike.

Lower oil prices will boost global economy: IMF chief

With global crude oil prices tumbling to multi-year lows, IMF chief Christine Lagarde has said that the fall in oil prices will help boost the global economy. Speaking in Washington, Lagarde said low energy prices will help lift US economic growth to 3.5 per cent next year, from the October forecast...

Plunge in oil prices good for global economy: IMF

The International Monetary Fund Managing Director, Christine Lagarde said that the plunge in oil prices since June may hurt some crude exporters but is overall a good thing for the world economy. Yesterday, she said in Washington that there will be winners and losers, but on a net basis it is good n...

lunge in oil prices good for global economy: IMF

The International Monetary Fund Managing Director, Christine Lagarde said that the plunge in oil prices since June may hurt some crude exporters but is overall a good thing for the world economy. Yesterday, she said in Washington that there will be winners and losers, but on a net basis it is good n...

Core sector growth rises to 4-month high of 6.3% in October

Growth in the country's eight core industries rose to a four-month high of 6.3 per cent in October this year, on the back of better output in coal, refinery products, and electricity. The eight core industries had shrunk by 0.1 per cent in October last year, and grown by 1.9 per cent in Sep...