SEBI Chief keen to implement self-regulation for mutual funds

Market regulator Securities and Exchange Board of India - SEBI - Chief U K Sinha has said that it is keen to implement self-regulation in the 10 trillion rupees mutual fund sector at the earliest. He said SEBI will soon come out with new rules for distributors and advisors. He was speaking at the Mu...

RBI report: Health of banking system better on improved asset quality, rising profits

RBI's Financial Stability report says, overall health of banking system is better on improved asset quality and rising profits. It says, growth recovery appears bright with formation of a stable government.

FM says, easy availability of narcotics is leading to rising drug abuse

Finance Minister Arun Jaitley says, easy availability of narcotics is leading to rising drug abuse in the country. Speaking at an event organised by Central Board of Excise and Customs in New Delhi today Jaitley said that easy availability could be due to a lot of cross-border smuggling of narcotics...

Govt imposes $ 450/tonne MEP on potatoes to check price rise

The government today imposed a minimum export price, MEP, of 450 dollars per tonne on potatoes to increase domestic availability and contain rising prices.The Directorate General of Foreign Trade in a notification said that export of potatoes is permitted subject to MEP of 450 dollars per tonne. The...

Meghalaya seeks Canadian expertise to tap energy resources

The Meghalaya government has sought expertise from Canada to tap into the state's energy resources and greater cooperation across sectors.The state's Planning Board co-chairman John F Kharshiing told reporters in Shillong after meeting representatives from the Government of Canada ...

Fraud charges filed against Barclays in NY for dark pool ops

In the United States, fraud charges against Barclays over the bank's dark pool trading operations have been announced by New York state prosecutors. Dark pools allow banks' clients to trade large blocks of shares while keeping prices more private. Prosecutors said Barclays gave cli...

Railway collection spikes after fare hike

Railways have collected a total of 70.66 crore rupees from suburban commuters by way of seasonal ticket sales, triggered by a more than two-fold hike in train fares, in the last four days.The government had on June 20 announced a steep hike in suburban train fares, which was later partially rolled b...

Meghalaya seeks Canadian expertise to tap into state's energy resources

The Meghalaya government has sought expertise from Canada to tap into the state's energy resources and greater cooperation across sectors.The state's Planning Board co-chairman John F Kharshiing told reporters in Shillong after meeting representatives from the Government of Canada ...

Need pragmatic land acquisition law to aid balanced devpt: Gadkari

Minimum support price of paddy hiked by Rs. 50 a quintal

The government today announced Minimum Support Price, MSP, for crops for 2014-15 Kharif season. MSP for Paddy has been raised by 50 ruppes per quintal for common variety and 55 rupees for grade A to encourage farmers to cultivate rice. The new MSP for Paddy stands at 1,360 rupees for common variety ...