Business

March 29, 2016 8:14 PM

Govt to provide sufficient funds to recapitalise banks: Arun Jaitley

Union Finance Minister Arun Jaitley today said that banks have an important role to play in achieving the higher growth rate in the country. Mr. Jaitley was speaking after inaugurating the Sydney Branch of the Union Bank of India in Australia today. He also added that Government will provide suffici...

March 29, 2016 7:14 PM

Inoperative PF accounts to earn interest from April 1

Employees' Provident Fund Organisation (EPFO) has decided to provide interest on inoperative accounts from 1st of next month. The move will benefit over nine crore such account-holders with a total deposits of over Rs 32,000 crore. The decision was taken by the EPFO apex decision making bod...

March 29, 2016 11:22 AM

Govt resolves various taxation issues: Jaitley

Finance Minister Arun Jaitley today said the government has resolved various issues with regard to taxation. He said the government is gradually working to bring down the corporate tax rates to the global level. Speaking on the theme of 'Reimagining the Indian economy' at a Managem...

March 29, 2016 7:41 AM

Mallya episode cannot undo good work done by corporates: Nirmala Sitharaman

Commerce Minister Nirmala Sitharaman said, a single Vijay Mallya episode cannot undo all the good work done by domestic and international companies in India.In an interview to PTI, she said, Corporate misconduct happens all over the world. And just one incident cannot be reflective of all the good w...

March 28, 2016 4:59 PM

RBI announces pvt placement of special securities under UDAY

The RBI today asked market participants interested in subscribing to the special securities under UDAY scheme through private placement route to approach it by March 30. Power Ministry had introduced the Ujjwal Discom Assurance Yojana (UDAY) in November for revival of debt ridden power distribution ...

March 25, 2016 5:07 PM

Mallya episode cannot undo good work done by corporates: Nirmala Sitharaman

Commerce Minister Nirmala Sitharaman today said, a single Vijay Mallya episode cannot undo all the good work done by domestic and international companies in India.In an interview to PTI, she said, Corporate misconduct happens all over the world. And just one incident cannot be reflective of all the ...

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