PM Modi asks banks to ensure that no one is left without bank account

Textiles Ministry signs MoU with Flipkart for providing marketing platform to handloom weavers

Textiles Ministry today signed an MoU with company Flipkart in New Delhi, to provide online marketing platform to handloom weavers to boost the sector. Speaking on the occasion, Textile Minister Santosh Kumar Gangwar said it will empower the weavers and boost manufacturing in the country. He said, t...

Considering bifurcation of Chairman, MD post in public sector banks: Fin Min

Finance Ministry today said it is considering bifurcation of the post of Chairman and Managing Director, in public sector banks to strengthen corporate governance. Quoting sources from the Finance Minisistry, PTI said Financial Services Secretary G S Sandhu said this consideration comes in the light...

Govt to appoint task force to draft National Fertilizer Policy: Ananth Kumar

Chemical and Fertilizers Minister Ananth Kumar has said that the government is coming with a national fertilizer policy for sustained agricultural growth and to promote balanced nutrient application. Addressing the 4th national conference on agro-chemicals in New Delhi today, Mr Kumar said that his ...

MCX-SX issue case: CBI closes case against former SEBI chairman C B Bhave

The CBI has decided to close a case against former SEBI chairman C B Bhave and another ex-member in connection with grant of sanction to MCX-SX to function as a full-fledged private stock exchange but recommended departmental action against him. The sources said that the CBI has finalized the case i...

MCX-SX case: CBI closes case against former SEBI chairman C B Bhave

The CBI has decided to close a case against former SEBI chairman C B Bhave and another ex-member in connection with grant of sanction to MCX-SX to function as a full-fledged private stock exchange but recommended departmental action against him. The sources said that the CBI has finalized the case i...

Jaitley calls on corporates to utilize opportunities that beckon India's economy

Observing that India needs to learn from international best practices in governance, Union Finance Minister Mr. Arun Jaitley today called the corporate sector to utilize opportunities that beckon India's economy. Addressing a function in Kolkata where he presented the 13th ICSI National Awa...

78% Indian employees feel they should save more for retirement

According to a recent survey, 78 percent Indian employees feel they should save more for retirement. The report revealed that emerging economies like India and China witness a much higher savings rate compared to the western counterparts like the US and the UK. Indian employees have the second highe...

RBI says 36% of total bad loans from six key sectors

The Reserve Bank has said about 36 per cent of the overall 4.1 per cent bad assets in system have been created by six sectors of the economy - infrastructure, metals, textiles, chemicals, engineering and mining which have only 30 per cent of the credit share. The central bank, in its annual report f...

Some entities evading additional validation mandate resulting in forex outflow: RBI<br/>

RBI has said that it has noticed instances of card- not -present (CNP) transactions being effected without the mandated additional authentication/validation even where the underlyingtransactions are essentially taking place between two residents in India. According to RBI, some entities are evading ...