Maha govt to roll back decision on implementing LBT

RBI Governor advises caution on bank mergers

RBI Governor Raghuram Rajan has advised caution in thinking about merger of two banks. Speaking in Mumbai today, Dr. Rajan said that if two unhealthy banks were merged, then the created entity will also be unhealthy and it could create a bigger problem in the economy. He, however, added that merging...

Petrol price to be cut by Rs 1.89-2.38/litre from August 15

Petrol price is to be cut by Rs 1.89-2.38 per litre from midnight of August 14th and 15th. Petroleum Minister Dharmendra Pradhan, in a tweet said that petrol price in the national capital is to be cut by Rs 2.18. At present, Petrol costs Rs 72.51 per litre in Delhi. The Chairman of Indian Oil Corpor...

Petrol price to be cut by Rs 1.89-2.38/litre from August 15

Petrol price is to be cut by Rs 1.89-2.38 per litre from midnight of August 14th and 15th. Petroleum Minister Dharmendra Pradhan, in a tweet said that petrol price in the national capital is to be cut by Rs 2.38. At present, Petrol costs Rs 72.51 per litre in Delhi. The Chairman of Indian Oil Corpor...

Announcement of new gas price formula by September-end: Govt

Government today said that it will announce a new gas price formula by September-end. The formula will keep the interests of the investors and consumers in mind. Oil Minister Dharmendra Pradhan said in Rajya Sabha that no Committee has been constituted to suggest an alternative to the Rangarajan for...

No decline in FDI inflow: Commerce Minister

The government today said there is no decline in the inflow of Foreign Direct Investment (FDI) into the country. Responding to supplementaries during the question hour in the Rajya Sabha, Minister of State for Commerce and Industry Mrs Nirmala Sitharaman said however that the FDI inflow is fluctuati...

No decline in FDI inflow: Commerce Minister

The government today said there is no decline in the inflow of Foreign Direct Investment (FDI) into the country. Responding to supplementaries during the question hour in the Rajya Sabha, Minister of State for Commerce and Industry Mrs Nirmala Sitharaman said however that the FDI inflow is fluctuati...

Tata-Unitech link in 2G spectrum scam under probe: CBI to SC

In a new twist to the alleged irregular allotment of 2G spectrum, the CBI has informed the Supreme Court that it was investigating the allegation that Unitech got spectrum in 2008 during A Raja's tenure as Telecom Minister by hiding the fact that it was a front for the Tata group. Citing th...

Parliament approves bill to give more powers to SEBI

SC notice to CBI on Kanimozhi plea for quashing 2G charges

The Supreme Court has issued a notice to the CBI on a plea by DMK MP Kanimozhi in the 2G scam case for quashing of charges against her in the spectrum allocation scam, claiming she has been falsely implicated in the case. A bench, headed by Justice H L Dattu, yesterday sought a response from the age...