Lodha committee says, it did not direct banks to freeze BCCI's accounts

Justice RM Lodha committee has said, it did not direct the banks to freeze the accounts of BCCI and the board can carry on with its routine expenses. The clarification comes after BCCI threatened to call off the ongoing series between India and New Zealand. The panel said day-to-day affairs, routine...

Petrol price hiked by 14 paise, diesel by 10 paise per litre

The prices of petrol and diesel have been marginally increased. Petrol price has been increased by 14 paise a litre while Diesel ?price increased by 10 paise per litre including state levies. The increase has been attributed to increase in Dealer Commission on Petrol and Diesel.

U.K's pound falls to new 31-year low against dollar

In the international currency markets, the United Kingdom's pound fell to a new 31-year low against the dollar, today. The pound dipped to 1.277 dollars--its lowest level against the greenback since June 1985, and almost 15 percent weaker than before the EU referendum on 23 June. The pound ...

Constitution of MPC has enhanced process of policy making : RBI Governor

RBI Governor Urjit Patel on Tuesday said the constitution of Monetary Policy Committee - MPC has enhanced the process and quality of policy making. Addressing his maiden press conference as RBI Governor, Mr. Patel said that MPC discussions held yesterday were frank, intense and friendly in nature. M...

Gold up by Rs 50 to Rs 31,250 per ten grams

Gold gained 50 rupees, to 31,250 rupees per ten grams at Delhi's bullion market, on Tuesday, on increased buying by jewelers, even as the precious metal weakened overseas. But silver declined 450 rupees, to 45,000 rupees per kilo, on reduced offtake by industrial units and coin makers. Silv...

RBI cuts repo rate by 25 basis points

U.K's pound fell to new 31-year low against dollar

In the international currency markets, the United Kingdom's pound fell to a new 31-year low against the dollar, today. The pound dipped to 1.277 dollars--its lowest level against the greenback since June 1985, and almost 15 percent weaker than before the EU referendum on 23 June. The pound ...

U.S. stocks fell as U.K.'s plan for exiting EU encouraging manufacturing data

U.S. stocks fell, yesterday, as concerns over Deutsche Bank's, and the U.K.'s plan for exiting the EU outweighed encouraging manufacturing data. Traders also felt that a report on U.S. manufacturing activity, which showed a shift back into expansion territory, might have heightened...

India's GDP growth to remain strong at 7.6% in 2016, 7.7% in 2017, says World Bank<br/>

The World Bank has said, India&apos;s GDP growth will remain strong at 7.6 percent in 2016 and 7.7 percent in 2017. In its latest report &apos;South Asia Economic Focus&apos; released yesterday in Washington, it said India&apos;s economic growth remained robust, and is expected to su...

Black money disclosure: Identity strictly confidential, says CBDT

Income Tax Department has said strict confidentiality will be maintained about the identity of persons who have disclosed black money under the Income Declaration Scheme (IDS). The Central Board of Direct Taxes (CBDT), in a statement, has clarified that no official list of region wise declarations h...