Centre advises States not to announce bonus over MSP on rice and wheat this year

The Centre has advised States not to announce bonus over the minimum support price (MSP) on rice and wheat this year to check inflation. It also asked Food Corporation of India (FCI) to restrict procurement of food grains from such States and not to give subsidy to them on procurement and distributi...

ADB upgrades India's economic growth forecast to 6.3 per cent in 2015-16

Asian Development Bank, ADB, has upgraded India's economic growth forecast to 6.3 per cent in 2015-16 on hopes of speedy reform process.The multilateral funding agency, however, has retained its forecast as 5.5 per cent growth in India this year. In a release, it said expansion in the sub-r...

ADB upgrades India's economic growth forecast to 6.3 per cent in 2015-16

Asian Development Bank, ADB, has upgraded India's economic growth forecast to 6.3 per cent in 2015-16 on hopes of speedy reform process.The multilateral funding agency, however, has retained its forecast as 5.5 per cent growth in India this year.In a release, it said expansion in the sub-re...

ADB upgrades India's economic growth forecast to 6.3 per cent in 2015-16

Asian Development Bank, ADB, has upgraded India's economic growth forecast to 6.3 per cent in 2015-16 on hopes of speedy reform process.The multilateral funding agency, however, has retained its forecast as 5.5 per cent growth in India this year.Earlier, ADB had projected 6 per cent growth ...

Government focuses on inclusive growth for all and upliftment of minorities in its budget

The government, in its budget, has focussed on inclusive growth for all, and upliftment of the minorities. Finance Minister Arun Jaitley in his maiden budget this year, has increased the budget allocations for minorities by 15.17 per cent from around 4,050 crore rupees in 2013-14 to around 4,669 cro...

2nd test, day 2: Kumar strikes thrice as England take tea at 125/4

India heaped up pressure on England and reduced them to 125 for four at tea, with seamer Bhuvneshwar Kumar doing the bulk of damage striking thrice on day two of the second Test on Friday.Kumar (3-34) bowled an incisive spell on either side of lunch to leave the hosts' top-order reeling aft...

Govt allocates Rs 200 cr to NABARD for setting up of mega food parks

Finance Minister Arun Jaitley has announced a sum of 200 crore rupees to NABARD for setting up of mega food parks to promote food processing industry. Replying to the discussion on General Budget in the Lok Sabha today, Mr Jaitley expressed concern over drug addiction among youth in different states...

FM: Business activity promotion is need of hour for more revenue-flow

Mining co licence cancellation: Centre seeks SC direction to transfer cases to top court

The Centre today approached the Supreme Court seeking its direction to transfer before it all cases arising out of mining licence cancellation that are pending in various high courts.Agreeing to hear the Centre's plea, a bench headed by Chief Justice R M Lodha issued notice to all the compa...

Govt allocates Rs 260 crore for power subsidy in Delhi

No new taxes has been proposed in Delhi's Budget for 2014-15 presented in the Lok sabha today. Presenting the Budget, Finance Minister Arun Jaitely also announced subsidy of 80 Paise to 1 Rupee 20 paise per unit to small power consumers in the city. For this he has made a provision of 260 c...