Business

August 28, 2014 1:53 PM

Minimum monthly pension of Rs 1,000 under EPFO; Wage ceiling up at Rs 15,000

The government has notified the minimum monthly pension of Rs 1,000 and a higher wage ceiling enhancement to 15,000 form Rs 6,500 for social security schemes run by retirement fund manager Employees Provident Fund Organisation. Both the schemes will be implemented form the 1st of next month. Accordi...

August 28, 2014 9:22 AM

RBI eases norms to refinance external commercial borrowings<br/>

The Reserve Bank of India has eased norms to refinance External Commercial Borrowings (ECB) and allowed banks to approve even those cases where the Average Maturity Period (AMP) of fresh borrowings exceeds residual maturity of existing loan.However, borrowers would be required to follow certain cond...

August 28, 2014 9:20 AM

RBI eases norms to refinance external commercial borrowings

The Reserve Bank of India has eased norms to refinance External Commercial Borrowings (ECB) and allowed banks to approve even those cases where the Average Maturity Period (AMP) of fresh borrowings exceeds residual maturity of existing loan.However, borrowers would be required to follow certain cond...

August 28, 2014 8:30 AM

GAAR being revisited, decision to be taken soon: Arun Jaitley <br/>

Finance Minister Arun Jaitley has said that the General Anti Avoidance Rules (GAAR) are being revisited and that a decision on the same will be taken soon. Mr Jaitley said in Mumbai yesterday that a decision regarding the GAAR coming into force will also be looked at afresh. While commenting on how ...

August 28, 2014 8:05 AM

ADB should give priority to regional connectivity projects:PM Modi

Prime Minister Narendra Modi has said that the Asian Development Bank should give priority to regional connectivity projects which will help the entire region. Mr Modi said this to ADB President Takehiko Nakao, who called on him yesterday. Mr Modi asked the ADB to think differently so that it can ma...

August 28, 2014 8:00 AM

Controlling food inflation top priority for government: Arun Jaitley

Finance Minister Arun Jaitley has said that controlling food inflation, which has been consistently hovering around the double-digit mark, is a top priority for the government. Speaking at an event in Mumbai, Mr Jaitley said that tackling food inflation, which was 9.56 per cent in July, will always ...

August 28, 2014 8:00 AM

SEBI introduces new safety net in Settlement Guarantee Fund

To safeguard markets from systemic risks, Securities and Exchange Board of India has put in place a new layer of safety net in form of &apos;core settlement guarantee fund&apos; to mitigate risks from possible default in institutional trades. The SEBI said, the new system will enhance the ro...

August 27, 2014 10:14 PM

ADB should give priority to regional connectivity project: PM

Prime Minister Narendra Modi has said that the Asian Development Bank should give priority to regional connectivity projects which will help the whole region.Mr Modi said this to ADB President Takehiko Nakao, who called on him today.Mr Modi asked the ADB to think differently so that it can make an i...

August 27, 2014 10:12 PM

Govt defers decision on its stake sale in ONGC, Coal India, NHPC

The government has deferred a decision on its stake sale in three PSUs ONGC, Coal India and NHPC as Finance Minister Arun Jaitley was not in town. Law Minister Ravi Shankar Prasad told this to reporters after the Cabinet Committee on Economic Affairs, CCEA meeting in New Delhi today.In the current f...

August 27, 2014 8:57 PM

CCEA allows three companies to use naptha for urea production<br/>

Cabinet Committee on Economic Affairs today allowed Madras Fertilizers Limited Manali, Manglore Chemicals and Fertilizers Ltd Mangalore and Southern Petrochemical Industries Corporation, Tuticorin to continue urea production by using existing feedstock of naptha from 1st July to 30th September 2014....

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