French Minister sacked for calling belt-tightening budget bad for her ministry

French President Francois Hollande sacked his environment minister Ms. Delphine Batho on Tuesday for describing this year's belt-tightening budget as a "bad" one for her ministry. Ms. Batho, whose ministry's budget was cut by seven per cent, is the first minister ...

UAE delegation to hold talks on BIPA in New Delhi

Sensex ends down by 114 points

Snapping three days of gains, the Sensex at the Bombay Stock Exchange declined 114 points, or 0.6 percent, to close at 19,464, on profit-booking by investors, today.The Nifty at the National Stock Exchange fell 41 points, or .7 percent, to 5,858.Stock markets in Japan, China, Hong Kong, South Korea ...

Commerce Min holds talks with industry chambers on boosting shipments

The government on Monday helddiscussions with industry chambers and export promotion councils on ways to boost the country's shipments. Commerce and Industry Minister Anand Sharma reviewed the export scenario in New Delhi. Chambers and export promotion councils suggested the ways to boost e...

No discrimination between home & non-home branch customers: RBI to banks

The Reserve Bank has directed lenders not to discriminate against their customers and follow a uniform, fair and transparent pricing policy.RBI said in a directive yesterday that banks should not discriminate between their customers at the home branch and non-home branches under the Core Banking Sol...

No ceiling on entities permitted to operate a bank: Fin Min

With 26 public and private sectorcompanies applying for bank licences, Finance Minister P Chidambaram has said that there was no ceiling on the number of entities which can be permitted to operate a bank. Mr. Chidambaram told PTI that it depends upon how many applicants are eligible applicants. On w...

Commerce Min reviews export scenario; holds talks with industry chambers on boosting shipments

The government on Monday helddiscussions with industry chambers and export promotion councils on ways to boost the country's shipments. Commerce and Industry Minister Anand Sharma reviewed the export scenario in New Delhi. Chambers and export promotion councils suggested the ways to boost e...

TN CM condemns hike in diesel prices; says will hit common man

The Tamilnadu Chief Minister Ms.Jayalalithaa has condemned the increase in diesel prices. Demanding immediate roll back of the policy decision to allow oil companies to decide on the prices, she said that the price hike will lead to overall price increase of essential commodities thereby affecting t...

New National Fibre Policy to be introduced by October

The new National Fiber Policy will be introduced by the government by 31st October this year. Speaking to reporters in Mumbai on Monday, Textile Commissioner A B Joshi said that the National Manufacturing Competitiveness Council set up under the chairmanship of Ajay Shankar will review the old texti...

RBI receives 29 applications for new Bank licenses

RBI has received 26 applications for new bank licenses. After the deadline for receipt of entries closed today, RBI has declared names of all the public and private companies that have applied for licenses. RBI however has still not specified the timeline for issue of licenses and the total number o...