Bankers see no rate cut in current fiscal

Bankers have ruled out a rate cut in the remainder part of the current fiscal as the RBI kept key policy rates unchanged except a cut in SLR in its bi-monthly monetary policy review announced yesterday. Terming the RBI's stance as marginally hawkish, SBI Chairperson Arundhati Bhattacharya s...

RBI has given banks greater leeway to lend: FM

Finance Ministry said that Reserve Bank of India, RBI has given banks greater leeway to lend by reducing Statutory Liquidity Ratio,SLR by 50 Basis Points in its bi-monthly credit policy announced today. The ministry observed that as the economy picks-up and demand grows, this will allow an increase ...

RBI Gov: Govt on path of fiscal consolidation

Mumbai Police EOW files supplementary charge sheet against NSEL's Jignesh Shah

Govt introduces Securities Laws (Amendment) Bill, 2014

Government on Monday introduced the Securities Laws (Amendment) Bill, 2014.The Bill is aimed at empowering capital market watchdog Securities and Exchange Board of India SEBI by giving powers such as authority to seek call data records.It will also give more teeth to SEBI to crackdown on fraudulent ...

Mumbai police files supplementary charge sheet against Jignesh Shah

The Economic Offences Wing of Mumbai Police on Monday filed a 9 thousand page supplementary charge sheet against MCX promoter Jignesh Shah arrested in Rs. 5, 600 crore National Spot Exchange Limited Scam.The first charge sheet in the case had been filed against other accused in January this year. Th...

Oil prices rise in Asian trade

Oil prices rose in Asia today but analysts said that the gains were capped following weakened demand caused by refinery shutdowns and easing concerns about armed conflicts around the world.US benchmark West Texas Intermediate for September delivery rose five cents to 97.93 dollar, while Brent crude ...

Agriculture Minister stresses for white and blue revolutions

Union Minister for Agriculture Radha Mohan Singh today stressed for white and blue revolutions to strengthen the milk and Fishing sectors in country. Talking to media persons in Panaji, Mr. Singh said government will make all efforts to increase milk and fish production in the country. He said, rece...

Achieving indirect tax target a challenge, says Revenue Secretary

The Finance Ministry today said achieving the 6.24 lakh crore rupees indirect tax collection target is a challenge as the tax buoyancy would depend upon revival of the economy and manufacturing sector. In an Interview to a news agency, Revenue Secretary Shakti kanto Das said because of recent measur...

RBI warns public against disclosing bank account or other details to people posing as RBI officials