Delhi is the richest state in the country: govt statistical data

Delhi is the richest state in country with the per capita income of 2,01,083 rupees during 2012-13. It has increased by 27397 rupees as compared to 2011-12. This was revealed in the Delhi Statistical Hand Book-2013 released by Chief Minister Shiela Dikshit in New Delhi on Thursday. Briefing reporter...

Individuals & entities with exposure of over Rs10cr in RBI credit data repository

In order to deal with credit risks, RBI has decided to create a central repository on large credits. In a notification issued from Mumbai, RBI has said that the repository will have data about borrowers, individuals as well as entities that have an exposure of more than 10 crore rupees. RBI has adde...

Govt gives in-principle approval to set up semiconductor units<br/>

The Cabinet gave its in-principle approval to the proposal of setting up two semiconductor wafer manufacturing facilities in the country.The decision is aimed at checking over-dependence on import of electronic products, especially chipsets.Electronic chips are key components in various gadgets and ...

GoM approves Rs 11,000-crore refund to BSNL, MTNL for returning BWA spectrum <br/>

A Group of Ministers, GoM, on revival of BSNL and MTNL on Thursday decided to refund the money paid by the state-run players for surrendering Broadband Wireless Access (BWA) spectrum worth more than Rs. 11,000 crore.The GoM, headed by Finance Minister P Chidambaram, also took a decision on providing...

Govt has no objection to permit further export of sugar: KV Thomas

Food Minister K V Thomas said, in principle government has no objection to permit further export of sugar. Addressing a function in New Delhi on Thursday, Thomas said, it will help faster clearance of cane price arrears and help earn some precious foreign exchange. He said, government policies relat...

Retail inflation rises 9.52 per cent in August<br/>

Retail inflation eased slightly to 9.52 per cent in August over the previous month following softening in prices of almost all commodities, except vegetables.The retail inflation measured on the Consumer Price Index ,CPI, was at 9.64 per cent in July.The CPI inflation has been showing signs of softe...

Cabinet okays proposal to provide Rs. 700 crore as capital funds to Exim Bank

The Cabinet cleared a proposal to provide Rs. 700 crore as capital funds to Export-Import Bank of India (Exim Bank) during current financial year to support the future growth of the Bank.The decision will allow the Exim Bank to delegate the authority for release of capital funds in future to the Fin...

Cabinet nods to enhance authorised share capital of NBCFDC<br/>

The Cabinet gave its nod to enhance the authorised share capital of National Backward Classes Finance and Development Corporation, NBCFDC, from Rs. 700 crore to 1500 crore.The enhancement of the authorised share capital of NBCFDC will strengthen its equity base. It will also help more number of pers...

Govt approves proposal to invest 4.3 billion dollars in World Bank bonds

The government has approved a proposal to invest 4.3 billion dollars in World Bank bonds which will help the country secure additional funding from the multilateral agency for infrastructure projects.Information and Broadcasting Minister Manish Tewari told reporters that the decision was taken after...

RBI sets panel to examine its current monetary policy<br/>