Egypt to kick in tough measures in hope for IMF loan by month-end

Egypt to kick in tough measures in hope for IMF loan by month-end

I&B Ministry meeting this week to chart out digitisation roadmap for future

With the deadline for the second phase of digitisation involving 38 cities having expired, the Information and Broadcasting Ministry will chart out the future roadmap in a meeting on 5th of this month.Sources said that while plans for phase III and IV have to be worked out, the Ministry would also c...

IT export target raised to 20 lakh crore rupees by 2020: MoS IT

Union Minister of State for Communications and Information Technology Killi Kruparani has said that the government's target is to increase IT exports to 20 lakh crore rupees by 2020 against 2.5 lakh crore rupees.Addressing a press conference over the World Bank assisted project of &apos...

Centre to start Post Bank with core banking solutions

The central government has planned to start a post bank with core banking solutions in the country. As part of the bank, 1000 ATMs would be installed in various post offices across the country. This was informed by the Union Minister of State for Communications and Information Technology K Kruparani...

RBI issues CICs undertaking insurance business

The Reserve Bank of India has issued a set of guidelines for Core Investment Companies - CICs who wish to set up a joint venture company for undertaking insurance business.In a notification issued from Mumbai on Monday, RBI has clarified that CICs cannot undertake insurance agency business and their...

Fiscal, current account deficits, inflation major challenges: Chidambaram

Finance Minister P Chidambaram today said containing fiscal deficit, current account deficit and inflation are big challenges that country is facing currently.However, he maintained that the problems were being addressed and that fiscal deficit will reach the target of 3 per cent in 2016-17.Chidamba...

India has said it will support former Japanese Vice Finance Minister for International Affairs Takehiko Nakao for the post of President of Asian Development Bank (ADB).India's commitment to support the Japanese candidate was revealed by the visiting Finance Minister P Chidambaram at confere...

Sensex closes 29 points higher on value-buying

The Sensex at the Bombay Stock Exchange rose a modest 29 points, or 0.2 percent, to close at 18,865, on value-buying by investors on Monday.The Nifty at the National Stock Exchange gained 22 points, or 0.4 percent, to 5,704.But stock markets in Japan, China and South Korea declined between 0.1 perce...

Sensex up 8 pts in noon trade

Giving up most of its initial gains, the Sensex at the Bombay Stock Exchange stood just 8 points in positive territory, at 18,843 in afternoon trade, amid volatility, a short while ago. Earlier in the morning, however, the Sensex had opened with a gain of 84 points or 0.4 per cent, at 18,920. The Se...