RBI allows banks to offer their products, services through off-site ATMs

RBI today allowed banks to offer all their products and services through their off-site ATMs. RBI said in a notification that banks are now free to offer all their products and services through ATM channels provided the technology permits the same and adequate checks are put in place to prevent the ...

Cane price arrears for 2014-15 sugar season comes down by nearly 90%

Cane price arrears for 2014-15 sugar season have now come down by nearly 90 per cent to 2,700 crore rupees. Last year in April the Cane arrear stood at 21 thousand crore rupees.An official release said, several measures taken by the Centre improved liquidity of sugar mills and enabled them to clear ...

Deflationary trend eased in December with WPI inflation moving to minus 0.73 percent

Deflationary trend eased in December with WPI inflation moving to minus 0.73 percent as food articles, mainly vegetables, turned costlier.The Wholesale Price Index-based inflation has been increasing for the previous four months and was minus 1.99 per cent in November. In December 2014, it was minus...

Annual rate of inflation was provisionally at (-)0.73% for December, 2015 as compared to (-) 1.99% for previous month

Govt. approves five proposals of FDI amounting around six thousand fifty crore rupees

The government has approved five proposals of Foreign Direct Investment, FDI, amounting around six thousand fifty crore rupees. The approval has been granted in pharma and print media sectors.

Need to deepen cooperation in the energy sector between India and Japan: Piyush Goyal

Power, Coal and Renewable Energy Minister Piyush Goyal has reiterated the need to deepen the cooperation in the energy sector between India and Japan. Speaking at his second bilateral meeting with Mr. Motoo Hayashi, Minister of Ministry of Economy, Trade and Industry (METI) in Tokyo, Japan today mor...

Rajan calls upon staff to improve work culture at RBI

Reserve Bank Governor Raghuram Rajan has called upon the staff to improve work culture at the RBI. Mr Rajan recently wrote a memo to the central bank's 17,000 strong staff stressing on less bureaucracy, more communication and openness to outside thinking.Mr Rajan expressed concern that the ...

Oil prices briefly fall below 30 dollars a barrel on international markets

Oil prices have briefly fallen below 30 dollars a barrel on international markets for the first time since April 2004, before recovering again. Brent crude, used as an international benchmark, fell as low as 29.96 dollars, but bounced back to trade at 30.22 dollars. Oil prices have fallen by 70 per ...

India is on track to register its entire population using the Aadhaar digital ID: World Bank

Asian shares skid today

Asian shares skidded today, taking their cue from steep losses on Wall Street as an overnight rout in oil prices heightened worries about the global economy. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7 per cent in early trade. Japan's Nikkei shed 3.3 per ...