RBI emphasizes need to expand banking services

Banks can't get blanket relief from CBI, CVC actions: Raghuram Rajan

Amid an uproar among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any blanket relief. He was talking to a select group of journalists in Mumbai yesterday. Dr Rajan also said there is lot of frustration about the pace of econom...

Commerce Ministry starts e-marketplace for goods procurement

The Commerce Ministry has launched an e-marketplace for online purchase of goods and services by various central government ministries and departments. Commerce and Industry Minister Nirmala Sitharaman said the move is aimed at bringing in more transparency and streamlining the government procuremen...

Petrol price cut by Rs 2.25 per litre; diesel by 42 paise

Petrol price has been cut by 2 rupees 25 paise per litre and diesel by 42 paise a litre. The new prices came into effect from midnight last night.Petrol will now cost 62 rupees 51 paise a litre in Delhi, 66 rupees 3 paise in Kolkata, 67 rupees 11 paise in Mumbai and 62 rupees in Chennai.Diesel will ...

Petrol price cut by Rs 2.25 per litre; diesel by 42 paise

Petrol price has been cut by 2 rupees 25 paise and diesel by 42 paise per litre including VAT . The new rate will come into effect from midnight tonight.

Gold up by Rs 150 to Rs 30,800 per ten gram

Gold gained 150 rupees, to 30,800 rupees per ten grams at Delhi's bullion market, today, on increased buying by jewelers. Silver rose 200 rupees, to 46,700 rupees per kilo. Silver coins remained steady, at 74,000 rupees for buying 100 pieces.But overseas, gold fell 0.6 per cent, to 1,327 do...

Oil falls on persistent glut fears; China data supports

Global crude oil fell, today, on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. Losses were capped by slightly better-than-expected Chinese economic data reflecting government efforts to stabilize growth, and a drop in Chinese domestic produc...

Gold up by Rs 150 to Rs 30,800 per ten gram

Gold gained 150 rupees, to 30,800 rupees per ten grams at Delhi's bullion market, today, on increased buying by jewelers. Silver rose 200 rupees, to 46,700 rupees per kilo. Silver coins remained steady, at 74,000 rupees for buying 100 pieces.But overseas, gold fell 0.6 per cent, to 1,327 do...

Oil falls on persistent glut fears; China data supports

Global crude oil fell, today, on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. Losses were capped by slightly better-than-expected Chinese economic data reflecting government efforts to stabilize growth, and a drop in Chinese domestic produc...

Govt allows oil firms to raise kerosene price by 25 paise/month

Government has allowed state-owned oil companies to raise the price of kerosene by 25 paise a litre each month for 10 months to cut the subsidy burden. On 1st of this month,kerosene price was hiked by 25 paise a litre which is the first increase in rate of the kerosene in five years.Sources said, Pe...