First monetary policy committee meeting begins

Rafale deal: Reliance, Dassault Aviation set up joint venture

In a major deal for India's private defence industry, Anil Ambani-led Reliance Group and Rafale maker Dassault Aviation today announced a joint venture. A joint statement by the companies said, the entity will be a "key player" in execution of offset contract worth about 2...

Govt simplifies process for incorporation of companies

The government has simplified the process for incorporation of companies to improve ease of doing business. An official release said the new Simplified Proforma for Incorporating a Company Electronically (SPICE) is aimed at providing speedy incorporation related services within stipulated time frame...

IPPB starts process of recruitment for key positions<br/>

India Post Payments Bank, IPPB which plans to commence operations next year, has started the process of recruitment for key positions. An official release said, the Payments Bank has planned to recruit about 3,500 professionals in the coming months and its details are available on the India Post web...

BPO fastest growing sector in India: Prasad

Union Minister of Electronics and IT Ravi Shankar Prasad has said the Business Process Outsourcing (BPO) is the fastest growing sector in the country and it has enormous potential to provide its services in Indian languages. Inaugurating networking workshop on India BPO Promotion Scheme in New Delhi...

WTO to discuss India's proposal on trade facilitation agreement in services on 6th Oct.

The first meeting of a World Trade Organisation panel to discuss the new concept paper floated by India on a proposed trade facilitation agreement in services will be held on the 6th of this month in Geneva. India is pitching for this agreement with a view to reduce transaction costs by doing away w...

Over 3 lakhs MT of paddy so far arrived in Haryana mandis

In Haryana, over 3 lakhs Metric Tonnes of paddy has so far arrived in the mandis. During the corresponding period last year about 1 lakh 40 thousand metric tonnes of paddy had arrived. Stating this at Chandigarh , a spokesman of the Food, Civil Supplies and Consumer Affairs Department said that out ...

Direct transfer payments going to be the rule in future: FM Arun Jaitley

Union Finance Minister Arun Jaitley has made it clear that the direct transfer payments are going to be the rule in future with tremendous success in targeting the beneficiaries without the problem of any leakages. He was delivering the keynote address at the UN-supported conference on &apos;Dig...

SBI chief Arundhati Bhattacharya gets one year extension

The Centre has given a year extension to Arundhati Bhattacharya as the Chairman of State Bank of India, first time in the history of the country&apos;s largest lender. In a filing to BSE yesterday, the SBI said that the Government in a notification extended the tenure of Arundhati Bhattacharya a...

Bids for over Rs. 53,000 crore received on day one of spectrum auction

India&apos;s largest-ever spectrum auction for the first day received bids worth 53,531 crore rupees across seven bands.The bands are 700, 800, 900, 1800, 2100, 2300 and 2500 MHz. As much as 2,354 megahertz of frequencies were put up for auction on Saturday. Telecom Ministry has said, the availa...