Business

March 12, 2016 1:27 PM

Arun Jaitley expresses concern over rising Non Performing Assets in banks

Finance Minister Arun Jaitley has expressed concern over rising Non Performing Assets (NPAs) in banks.Speaking to media after the Central Board meeting of RBI in New Delhi, Mr Jaitley hoped that the decision to recapitalise banks would help to reduce bad loans. The Finance Minister said, in the meet...

March 12, 2016 12:58 PM

India and IMF today sign an agreement to set up SARTTAC

India and the International Monetary Fund (IMF) today signed an agreement to set up a South Asia regional centre for training officials in dealing with macro-economic and financial issues. A memorandum of understanding (MoU) to set up the centre was signed by Finance Minister Arun Jaitley and IMF Ma...

March 12, 2016 10:40 AM

India talking to oil rich countries for a possible swap of crude oil for food

In a novel scheme, India is talking to oil rich countries in the Middle East for a possible swap of crude oil for food. Speaking to reporters in New Delhi Friday, Oil Minister Dharmendra Pradhan said that talks at the highest level have been initiated with the UAE for an oil-for-food programme and s...

March 11, 2016 8:52 PM

Sharp rise in India's foreign exchange reserves

After falling for two consecutive weeks, the country's foreign exchange reserves rose massively by 4.075 billion US dollar to 350.86 billion US dollar in the week ended March 4, helped by robust rise in foreign currency assets (FCAs), Reserve Bank said today. In the previous week, the reser...

March 11, 2016 7:29 PM

Central agencies probing 164 chit fund companies for duping customers: Jaitley

Union Finance Minister Arun Jailtey today said that as many as 164 ponzi or chit fund companies are currently being probed by central agencies for duping customers across the country. In reply to a question in the Lok Sabha, Mr Jaitley said, cases pertaining to such companies assigned to the Serious...

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