Traders exchange tradable goods worth 2.64 crore rupees in J&K

Continuing with the Confidence Building Measures between India and Pakistan, traders of Poonch and Pak Occupied Kashmir on Tuesday exchanged tradable goods worth 2.64 crore rupees via Poonch-Rawalakote route. In all, forty four trucks exchanged sides at Chakan-da- Bagh in Poonch district of Jammu an...

RBI hikes SLR by one percentage point but keeps other key policy rates unchanged

The Reserve Bank of India has hiked the Statutory Liquidity Ratio, SLR, or the deposits that commercial banks are to park in government securities, by one percentage point, to 25 per cent. But the Reserve Bank left other key policy rates--the repo rate, the reverse repo rate, and back rate and the C...

Sensex plunges 387 points

The Sensex at the Bombay Stock Exchange plunged 387 points, its biggest single day loss in over two months, at 16,353, today, after the Reserve Bank, in its quarterly credit policy review, asked banks to park more money in government securities and raised its inflation forecast. The Nifty at the Nat...

Sensex plunges 387 points

The Sensex at the Bombay Stock Exchange plunged 387 points, its biggest single day loss in over two months, at 16,353, today, after the Reserve Bank, in its quarterly credit policy review, asked banks topark more money in government securities and raised its inflation forecast. This was the sixth st...

India Inc is happy over the RBI's decision to focus on growth rather than tightening the monetary policy in view of inflationary fears in today's quarterly policy review.FICCI President Harsh Pati Singhania said that it is heartening that the RBI has chosen growth over monetary tig...

No deviation from rules in awarding telecom licences: Raja

The Communication and Information Technology Minister, Mr. A.Raja has reiterated that there was no deviation from the Telecom Policy of 1999 for the allotment of Spectrum 2G. He was talking to media after the inauguration the conference of ICT Ministers for speeding up Delivery of e-Services in New ...

CWC presents Rs. 11.22 cr dividend cheque to Pawar

The Central Warehousing Corporation (CWC) has presented a cheque of 11.22 crore rupees to the Agriculture Minister Mr. Sarad Pawar . The Managing Director of CWC, Mr. B.B. Pattanaik handed over this cheque to Mr. Pawar on Tuesday in New Delhi as dividend for the year 2008-09. Despite economic slow d...

Japan commits Rs.130 cr for freight corridor project

The Japanese Government will provide 130 crore rupees for Engineering service Loan under Dedicated Freight Corridor Project (Phase-I). The objective of the project is to cope with the increase of freight transport demand in India by constructing new dedicated freight railway system and handling cons...

Sensex tumbles 240 pts in afternoon trade

The Sensex at the Bombay Stock Exchange tumbled 240 points, to 16,500 in afternoon trade on Tuesday, after the Reserve Bank hiked its inflation forecast and the Statutory Liquidity Ratio in its quarterly monetary policy review. Remaining weak, the Sensex stood 226 points, or 1.4 percent in the red, ...

No deviation from rules in awarding telecom licences: Raja

Telecom Minister A Raja says, he followed the same procedures as his predecessors in awarding licences and allotting spectrum and decisions were taken in conformity with the opinion of the top law officer. Talking to reporters in New Delhi, he said, there is no question of any ambiguity or aberratio...