Business

December 16, 2015 6:59 PM

Mudra Yojana: Rs 1.22 lakh cr loan disbursement target for banks

Finance Ministry has said banks will disburse credit to tune of Rs 1.22 lakh crore to small and marginal entrepreneurs during the current fiscal under the Pradhan Mantri Mudra Yojana (PMMY). Public sector banks are expected to disburse Rs 70,000 crore and private sector and foreign banks Rs 30,000 c...

December 16, 2015 6:46 PM

Reforms, fall in global oil prices led to lower inflation: FinMin

The Finance ministry today said a host of factors including the reform measures taken by the government and decline in global oil and commodity prices have led to lower inflation. In a statement, the ministry said the vigilant monetary policy stance by the RBI and adoption of a Monetary Policy Frame...

December 16, 2015 7:26 AM

US inflation up as Federal Reserve begins meeting

Underlying US inflation - excluding food and energy - rose in November, as the Federal Reserve meets to decide whether to raise interest rates. Labor Department said its core Consumer Price Index increased 2 per cent last month. It was the third month that the core CPI increased by that much. US pri...

December 15, 2015 8:31 PM

Fiscal deficit target would be brought down from 4.1% to 3.9: Jaitley

Finance Minister Arun Jaitley today expressed confidence that the fiscal deficit target would be brought down from 4.1 per cent to 3.9 per cent in the current fiscal. Replying to a discussion on the supplementary demands for grants for 2015-16 in the Lok Sabha, Mr Jaitley said this would be achieved...

December 15, 2015 8:04 PM

Exports drop 24 pc in November, imports shrink too<br/>

The country&apos;s exports shrank 24.4 per cent, to 20 billion dollars in November this year, amid a global economic slowdown. Exports have now contracted for the 12th month in a row. According to Commerce Ministry data, imports slumped 30.3 per cent, to 29.8 billion dollars during the month. Co...

December 15, 2015 5:55 PM

Fiscal deficit target would be brought down from 4.1% to 3.9: Jaitley

Finance Minister Arun Jaitley today expressed confidence that the fiscal deficit target would be brought down from 4.1 per cent to 3.9 per cent, despite the slowdown in global economy. Replying to a discussion on the supplementary demands for grants in the Lok Sabha, Mr Jaitley reiterated that the g...

December 15, 2015 4:54 PM

Govt enrolls 12.5 lakh subscribers under APY within 6 months: Jaitley

Finance Minister Arun Jaitley today said government has enrolled over 12.50 lakh subscribers under Atal Pension Yojana (APY) within six months of its launch. In a written reply in the Rajya Sabha, Mr Jaitley said said APY is a long-term savings product, with at least 20 years of financial commitment...

December 15, 2015 4:50 PM

India conveys its need for reasonable, responsible oil pricing to OPEC: Pradhan

The Organisation of Petroleum Exporting Countries, OPEC has said that it does not expect the present low crude oil prices to continue beyond a year. Speaking at the India-OPEC dialogue in New Delhi today, Secretary-General of OPEC Abdalla Salem El-Badri said investment in exploration and production ...

December 15, 2015 4:27 PM

Investors won't return if they lose money in primary market: UK Sinha

Attributing the better performance of recent Initial Public Offers, IPOs, to easier norms, SEBI Chairman, U. K. Sinha today said that retail investors may not invest again if they continuously lose money in the primary market. But the SEBI chief also noted that while data before 2013 shows that more...

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