World Bank, ISA sign agreement for India's solar-energy program<br/>

The World Bank Group on Thursday signed an agreement with the International Solar Alliance, consisting of 121 countries led by India, with the goal of mobilizing one trillion dollar in investments by 2030. The Bank announced support of more than one billion dollar in support for India&apos;s sol...

Sensex gains over 250 points to regain 27,000 mark in afternoon trade

At the domestic stock markets, the Sensex at the Bombay Stock Exchange opened higher, this morning, then later gained further ground, and had surged 279 points, or one percent, to 27,020 in afternoon trade. Similarly, the Nifty at the National Stock Exchange had climbed 88 points, to 8,292 in aftern...

RBI Governor Raghuram Rajan meets FM Arun Jaitley

RBI Governor Raghuram Rajan today called on Finance Minister Arun Jaitley at his office in New Delhi. Talking to media after the meeting, Mr Rajan said Finance Minister and RBI Governor keep talking all the time and its nothing out of the ordinary. Asked if the structure of the Monetary Policy Commi...

CII hails govt's decision to clear 7th Pay Commission recommendations

The Confederation of Indian Industry (CII) has appreciated government&apos;s decision to clear the 7th Central Pay Commission recommendations. CII President Naushad Forbes said the move will boost consumption in the economy and lead to higher GDP growth. He said hike in salaries of the governmen...

Sensex gains 216 points to close at 26,740; Rs strengthens 27 paise against the dollar

The domestic stock markets rose for the third straight day, today, as the government approved implementation of the 7th Pay Commission recommendations, and as global markets rallied again, while the rupee logged strong gains against the dollar. The Sensex at the Bombay Stock Exchange climbed 216 poi...

Sugar mills paid about 92 % of their cane dues in 2015-16 so far

Sugar mills have paid about 92 per cent of their cane dues during the last Sugar Season 2015-16 so far. An official release said about 230 million tonnes of sugarcane was procured from the farmers by the sugar mills across the country this sugar season. Out of the total cane price dues payable of 52...

Sugar mills paid about 92 % of their cane dues in 2015-16 so far

Sugar mills have paid about 92 per cent of their cane dues during the current Sugar Season 2015-16 so far. An official release said about 230 million tonnes of sugarcane was procured from the farmers by the sugar mills across the country this sugar season. Out of the total cane price dues payable of...

Indian economy able to face eventuality of Britain's exit from EU: Govt

Sujoy Bose appointed CEO of NIIF

Centre has appointed Mr. Sujoy Bose, Director and Global Co-Head, Infrastructure and Natural Resources, International Finance Corporation, Washington, as the Chief Executive Officer of National Investment and Infrastructure Fund (NIIF) Ltd. A Finance Ministry press release said in New Delhi this eve...

India's financial system remains stable despite some challenges: RBI

The Reserve Bank said that India&apos;s financial system remains stable despite some challenges in the banking sector, global uncertainties and transiting geopolitical risks. RBI&apos;s June 2016 Financial Stability Report states that India stands out in terms of growth and investment potent...