Business

FM discusses credit growth & other issues with heads of Public sector banks

September 19, 2016 10:05 AM

FM discusses credit growth & other issues with heads of Public sector banks

Finance Minister Arun Jaitley discussed issues including, NPAs, credit growth and financial inclusion with heads of Public sector banks in New Delhi. Talking to reporters after chairing a quarterly Performance Review Meeting with the Chief Executive Officers and Managing Directors of Public Sector B...

GST may have multiple rates, says Revenue Secretary

September 19, 2016 10:03 AM

GST may have multiple rates, says Revenue Secretary

Revenue Secretary Hasmukh Adhia has said that Goods and Services Tax (GST) may have multiple rates on the lines of some European countries and a revenue neutral rate will not be possible initially. He, however, said that a final decision on this will be taken by the just-constituted GST Council comp...

Govt working hard to implement GST: Cabinet Secretary

September 19, 2016 10:01 AM

Govt working hard to implement GST: Cabinet Secretary

Cabinet Secretary P K Sinha on September 17 said that government is working hard to implement the Good and Services Tax from 1st of April next year. Mr Sinha was speaking at the Chief Secretaries' Conclave organised by industry chamber PHD in New Delhi. Terming the GST as a game changer, he...

World Bank to invest Rs 1,000 cr. for improvement of inland waterways in Assam

September 19, 2016 9:36 AM

World Bank to invest Rs 1,000 cr. for improvement of inland waterways in Assam

World Bank will invest nearly 1,000 crore rupees in Assam for the betterment of the inland waterways. It was conveyed to State Transport Minister Chandra Mohan Patowary by Union Minister of Road Transport and Highways Nitin Gadkari. Official sources in Guwahati told AIR that the money will be utilis...

Pulses stock likely to increase during ongoing kharif season in Maharashtra

September 19, 2016 8:00 AM

Pulses stock likely to increase during ongoing kharif season in Maharashtra

The stock of pulses in Maharashtra is likely to increase during the ongoing kharif season as there is a 41 per cent increase in the total area under cultivation of pulses. This year, 25,692 hectares of land is under cultivation with a variety of pulses as opposed to 18,195 hectares last year. Moreov...

CBI registers case of fraud against a tours and travel company

September 17, 2016 12:05 PM

CBI registers case of fraud against a tours and travel company

The Central Bureau of Investigation, CBI, has registered a case of fraud against a tours and travel company for allegedly siphoning-off over 41 crore rupees from Indian Overseas Bank through forged and fabricated documents related to availing of credit limits. CBI sources said, a case has been regis...

Govt appointed panel recommends for MSP of gram to Rs 4,000 a quintal <br/>

September 16, 2016 9:46 PM

Govt appointed panel recommends for MSP of gram to Rs 4,000 a quintal <br/>

A government appointed committee has recommended for Minimum Support Price, MSP of gram to 4,000 rupees a quintal for Rabi season 2016 and 6,000 rupees a quintal for both urad and tur for kharif season 2017. The committee headed by Chief Economic Advisor Arvind Subramanian had been set up to to revi...

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