Rail revenue from commodity-wise freight up by over 14%

The Indian Railways Revenue Earning has been upped by 14.72 percent during the month of July 2014 and 9.30 percent during April to July 2014 from commodity-wise freight traffic. The revenue has risen to Thirty Two Thousand Four Hundred and Fifty One (32451.31) crores of rupees as compared to Twenty ...

Credibility extremely important in banking sector: Fin Min

Finance Minister Arun Jaitely today said that credibility is extremely important in the banking sector and the government expects a better risk management system from banks.He said that the Department of Financial Services has been actively working in this direction. Speaking at the 108th foundation...

Rail revenue from commodity-wise freight up by over 14%

Revenue earning of the Indian Railways has been upped by 14.72 percent during the month of July 2014 and 9.30 percent during April to July 2014 from commodity-wise freight traffic. The revenue has risen to Thirty Two Thousand Four Hundred and Fifty One crores rupees as compared to Twenty Nine Thousa...

B'desh scores low on ICT, knowledge economy indices: ADB

Bangladesh scored poorly in knowledge economy, innovation, ICT and Education compared to its South Asian neighbours. An Asian Development Bank Report released yesterday has put the country at penultimate place among 28 countries in Knowledge Economy and in Innovation Index. it ranked 23rd among 28 c...

Afghan Fin Min seeks hike in int'l aid to security forces

Afghan Finance Minister Dr. Omar Zakhilwal has said that the 4.1 billion dollar annual assistance from the international community to the Afghan security forces was not sufficient and needed to be increased to 6 billion dollar. Addressing a meeting of the Coordination and Monitoring Board of Afghan ...

MP CM-led team in Abu Dhabi for biz talks

Bangladesh to join BRICS Bank<br/>

Bangladesh has decided to join the newly formed BRICS Bank, an initiative of the world&apos;s five emerging economies - Brazil, Russia, India, China and South Africa. This was informed to news reporters by Finance Minister A.M.A. Muhith last evening. Talking to our correspondent, the Finance Min...

Fin Min orders forensic audit of Dena bank, OBC

The government has initiated a forensic audit of the state-run Oriental Bank of Commerce and Dena Bank. This was after some reports suggested that OBC had allegedly siphoned off Rs.80 crore and Dena Bank Rs. 256 crore from their fixed deposit customers.Speaking to reporters in Mumbai today, Financia...

Expect contraction in oil co under-recoveries: Oil Secy

The government expects under-recoveries of oil companies to come down substantially in the current fiscal on account of better pricing and stable global crude prices. Speaking to reporters in Mumbai on Wednesday, Oil Secretary Saurabh Chandra said the under recoveries are expected to come below 1 tr...

Will remain cautious towards real estate sector: RBI

RBI Deputy Governor R Gandhi has said that the apex bank will continue to remain cautious towards the real estate sector. Addressing a realty summit in Mumbai, Gandhi said that RBI does not want rapid flow of credit towards the sector which may result in asset price bubbles. Mr. Gandhi, however aske...