FM asks States to take stern action against hoarders to rein in prices of essential commodities

The Finance Minister has asked the states governments to take stern action against hoarders to rein in prices of essential commodities. Addressing the state Food Ministers Conference in New Delhi today, Arun Jaitley said that the hoarders are taking advantage of the forecast of below normal monsoon....

Govt promises measures to boost agri production, contain food inflation & provide food subsidy

The government has promised effective measures to ensure increased agriculture production, contain food inflation and provide food subsidy. All India Radio in its second series of news capsule today focuses on expectations of from the people, particularly the farmers as the government is going to pr...

USD 300 mn ADB loan for Assam's power sector

Oil and gas industry wastewater triggerring Oklahoma quakes: US study

In the United States, massive injections of wastewater from the oil and gas industry are likely to have triggered a sharp rise in earthquakes in the state of Oklahoma. Researchers say there has been a forty-fold increase in the rate of quakes in the US state between 2008-13.The scientists found that...

Germany fixes minimum wage level

The German parliament has approved the country's first minimum wage, in a vote in the Bundestag yesterday. The wage will be set at 8.50 euros per hour, which is higher than the equivalent in the US and UK.Chancellor Angela Merkel's Christian Democrats approved the new policy as par...

UP govt to grant pension for construction workers

The Uttar Pradesh government has decided to give pension of 500 rupees per month to construction workers.UP Labour Minister Shahid Manzoor said,pension of 500 rupees per month will be given to workers, who are registered with the UP Building and Other Construction Welfare Board for a period of five ...

RBI to restore ODI limit for Indian corporates

The RBI has relaxed norms for overseas investment by Indian corporates by raising their borrowing limit. In a notification issued from Mumbai yesterday, the RBI said that it has been decided to restore the limit of Overseas Direct Investments, ODI or Financial Commitment, FC to 400 percent of the fi...

SBI raises concerns over farm loan waivers by AP, Telengana govts

The country's largest lender, the State Bank of India, SBI has raised concerns over the proposed farm loan waivers by Andhra Pradesh and Telengana governments. Speaking to reporters after the bank's 59th annual general meeting in Mumbai yesterday, SBI Chairperson Arundhati Bhattach...

Govt extends term of RBI Deputy Governor<br/>

The government has extended the term of RBI Deputy Governor H R Khan for two years with effect from 4th July, 2014. A statement issued by RBI yesterday said that Mr. Khan has been re-appointed for a further period of two years or until further orders, whichever is earlier.H R Khan holds portfolios t...

Centre convenes meet of State Food Ministers tomorrow to discuss price control measures

The Centre has convened a meeting of state Food Ministers in New Delhi tomorrow to discuss measures to check unreasonable increase in prices of food items including onion and potato. The meeting will be chaired by Finance Minister Arun Jaitley. Consumer Affairs, Food and Public Distribution Minister...