Business

August 15, 2014 7:29 AM

Govt re-launches Varishtha Pension Bima Yojana

The government has re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged 60 years and above. The scheme will provide financial security to almost half a million people by ensuring regular income during their advancing year. After re-launching the scheme in New Delhi yesterd...

August 14, 2014 10:00 PM

Govt cuts borrowing target by Rs 16,000 crore for April-September

Government has slashed borrowing target for the period from April-September by 16,000 crore rupees with the objective to provide more liquidity in the system. The borrowing plan has been pruned by 10,000 crore rupees for the first half. This would be over and above 6,000 crore rupees announced earli...

August 14, 2014 9:51 PM

India's exports grow by 7.33% in July

After registering double digit growth for two consecutive months, India's exports grew by 7.33 per cent to 27.72 billion dollar in July, while imports rose by 4.25 per cent to 39.95 billion dollar. Ministry of Commerce and Industry's data said, Trade deficit marginally narrowed dow...

August 14, 2014 8:41 PM

RBI restrains free usage of ATMs of other banks

The Reserve Bank of India has imposed a limit of three transactions per month from ATMs of other banks and five from the same bank in six metropolitan cities. A customer will be required to pay a fee of up to 20 rupees for using ATMs beyond the permitted numbers of transactions in Delhi, Mumbai, Che...

August 14, 2014 8:25 PM

Govt re-launches Varishtha Pension Bima Yojana<br/>

The government today re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged 60 years and above. The scheme will provide financial security to almost half a million people by ensuring regular income during their advancing year. After re-launching the scheme in New Delhi Finan...

August 14, 2014 8:06 PM

Inflation dips to 5-month low of 5.19 % in July

Wholesale inflation dropped to a 5-month low of 5.19 per cent in July this year, due to a fall in vegetable prices compared to the same month last year. Wholesale Price inflation had stood at 5.43 percent in June this year, and at 5.84 per cent in July last year, according to data released by the go...

August 14, 2014 4:53 PM

Inflation dips to 5-month low of 5.19% in July

Inflation has dipped to a five-month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July last year.Inflation in the overall food articles basket, which account for 1...

August 14, 2014 2:28 PM

HC asks UP sugar mills to sell stocks to pay farmers dues

Allahabad High Court has directed ?sugar mills in? Uttar Pradesh to start liquidating their stocks to pay arrears to farmers. The mills were asked to liquidate five per cent of their stocks every week for the next three weeks. The court will take up the matter for further hearing on September 3. Til...

August 14, 2014 2:20 PM

Sahara Roy gets more time to seal deals

Supreme Courts grants 15 more days to Subrata Roy to wind up negotiations to sell his overseas properties.The Apex Court said, no further extension will be given to Roy to finalise negotiation.

August 14, 2014 2:07 PM

PM to dedicate Maha-K'taka transmission line to nation

Prime Minister Narendra Modi will dedicate a 765 Kilo Volt Raichur-Solapur transmission line in Maharashtra to the nation on Saturday. The line connects Raichur in Karnataka with Solapur in Maharashtra. An official release issued in New Delhi said the interconnectivity of two lines will achieve a pa...

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