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February 26, 2016 7:18 AM
Retirement fund body, Employees' Provident Fund Organisation (EPFO) has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana for its over five crore subscribers. Now, the subscribers will not be able to claim withdrawal of their ...
February 25, 2016 7:08 PM
Industry bodies have welcomed Railway Budget for 2016-17 terming it as growth-oriented. They say the three new freight corridors envisaged by 2019 will help reduce transportation costs. Assocham President Sunil Kanoria said Railway Minister has given a no-tariff hike budget without compromising on c...
February 25, 2016 7:12 AM
International Monetary Fund has said the global economy has weakened further and warned it is highly vulnerable to adverse shocks. It said the weakening has come amid increasing financial turbulence and falling asset prices. The IMF report comes before the meeting of G20 Finance Ministers and centra...
February 25, 2016 6:42 AM
Bombay Stock Exchange, BSE has said that companies seeking revocation of their suspension from the stock exchange can file applications on the exchange's web-based portal. In a statement, BSE said, this facility will make the filing process with the exchange easier, more convenient and fast...
February 24, 2016 8:19 PM
Cabinet Committee on Economic Affairs has hiked Minimum Support Price of raw jute from 2,700 to 3,200 rupees per quintal. Sources said a decision in this regard was taken during Cabinet meeting in New Delhi this evening. The hike has been done for the year 2016-17 to boost production. Agriculture Mi...
February 24, 2016 4:52 PM
The Standing committee on Finance today said the Net Non performing Assets (NPAs) of Public Sector Banks stood at two lakh five thousand twenty four crores till September 2015 and the Gross NPAs during the corresponding period stood at three lakh sixty nine thousand nine hundred ninety crore rupees....
February 24, 2016 12:58 PM
US stocks declined, yesterday, amid a renewed slump in oil prices and a still uncertain outlook for global growth and U.S. corporate earnings. So the Dow Jones industrial average slumped 189 points, or 1.1 percent, to close at 16,432. The Standard & Poor's 500 index lost 24 points, ...
February 23, 2016 8:42 PM
Government will soon come out with a policy on strategic sale of state-owned companies. Disinvestment Secretary Neeraj Kumar Gupta told this to reporters in New Delhi today. He said, the disinvestment will not be confined to loss making enterprises. Under the strategic sale, the equity of the compan...
February 23, 2016 6:35 PM
Aiming to enhance economic cooperation and strengthen financial stability, RBI has extended the USD 2 billion currency swap arrangement to SAARC nations till mid-November 2017. In a notification issued today, the Reserve Bank said that it has decided to extend the SAARC Currency Swap Arrangement til...
February 22, 2016 7:21 PM
Government will sell five per cent stake in country's largest power producer National Thermal Power Corporation (NTPC) tomorrow. It will be sold at a floor price of 122 rupees per share to raise over five thousand crore rupees. The stake sale would be spread over two days with institutional...
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