India's ONGC Videsh Ltd bags contract in two water blocks of Bangladesh

Indo-Bangladesh relations crossed a significant milestone when India's ONGC Videsh Limited bagged a contract for exploration and extraction of gas and oil in two shallow water blocks of Bangladesh. The State-owned Petrobangla inked two Production Sharing Contracts with the ONGC Videsh last ...

Industry Associations welcome interim budget

Prime Minister Dr. Manmohan Singh has termed the budget as a balanced one which is portraying a realistic picture of the economic situation in the country. On the social networking site twitter, Dr. Singh said that the Finance Minister has aptly summarized the economic and social achievements of the...

Industry Associations welcome interim budget; mixed reactions from political parties

Prime Minister Dr. Manmohan Singh has termed the budget as a balanced one which is portraying a realistic picture of the economic situation in the country. On the social networking site twitter, Dr. Singh said that the Finance Minister has aptly summarized the economic and social achievements of the...

Indian bank branches operating abroad witness credit growth of 31.7 %

The Reserve Bank of India today said, the Indian bank branches operating abroad witnessed credit growth of 31.7 per cent to 5.86 lakh crore rupees in 2012-13, while their deposits grew by 45.5 per cent to 3.93 lakh crore rupees.

ONGC Videsh inks pacts to explore for oil, gas off Bangladesh

India-Bangladesh relations crossed a significant milestone today when India's ONGC Videsh Ltd. bagged a contract for exploration and extraction of gas and oil in 2 shallow water blocks of Bangladesh. State-owned Petrobangla inked 2 Production Sharing Contracts (PSCs) with ONGC Videsh Ltd on...

Industry Associations welcome interim budget

Interim budget: Moratorium on education loans, interest waiver to benefit nine lakh students

To promote education of young students and the poor, Finance Minister P. Chidambaram proposed a moratorium period for all education loans taken upto 31st March, 2009 and outstanding at the end of last December. He said, the government will take over the liability for outstanding interest as on Decem...

200 crore rupees venture capital fund for SCs/STs

Finance Minister P. Chidambaram proposed a venture capital fund with an initial capital of 200 crore rupees to promote entrepreneurship among scheduled castes and scheduled tribes. It will provide cheaper loans to them. He was presenting the Interim Budget 2014-15 in the Lok Sabha today. Mr. Chidanb...

Interim Budget2014-15: Cheaper automobiles, mobile phones, and road construction machinery

To give relief to the automobile industry facing an unprecedented negative growth, the interim budget presented in the Lok Sabha by Finance Minister P Chidambaram, proposes reduction of excise duty upto the end of June for small cars, motor cycles, scooters and commercial vehicles from 12 percent to...

22nd session of World Economic Forum gets underway in Davos

The 22nd session of the World Economic Forum got underway in the Swiss mountain resort city of Davos today. More than 50 heads of states or Governments and over 1000 delegates from leading international agencies business and corporate houses are taking part in the three day long annual summit. The t...