Centre asks states to offload pulses seized from hoarders in markets at the earliest

The Centre has asked states to offload pulses seized from hoarders in the markets at the earliest to boost supply and control prices. The states have seized about 1.32 lakh tonnes of pulses in raids conducted on hoarders. So far, only 5,300 tonnes have been offloaded in the markets. Reviewing the pr...

Area under wheat falls by 36 per cent during the Rabi season compared to year-ago period

Area under wheat has fallen by 36 per cent to nearly 79 lakh hectares during the Rabi season so far compared to around 107 lakh hectares in the year-ago period. The Agriculture Ministry said in a release that as per preliminary reports received from the fields, total area sown under Rabi crops stand...

RBI governor concerned over drop in public and private investments

Reserve Bank Governor Raghuram Rajan today expressed concerns over the drop in public and private investments that is hampering country's economic growth. But he held out hope that strong foreign capital flows will help rectify this weakness. Rajan was speaking at a business event in Hong K...

ADB pledges $120 million loan to finance India, Bangladesh electricity link

The Asian Development Bank has pledged 120 million dollar loan to finance increased transmission capacity of cross-border electricity link between Bangladesh and India. ADB Country Director Kazuhiko Higuchi and Senior Secretary of Bangladesh Finance Ministry Mohammad Mejbahuddin signed the loan agre...

RBI nod mandatory for buying over 5% stake in private bank

Arun Jaitley vows corruption-free governance, reasonable tax rates

Union Finance Minister Arun Jaitley has said investor friendly environment should be created to attract investment. Inaugurating Resurgent Rajasthan Investment Summit in Jaipur today Mr Jaitley said that corruption free system,reasonable taxation, ease of doing business are some of the basic factors...

One-day stir at RBI hits key banking services

Govt approves 10% stake sale in Coal India, eyes 20,000 cr

CCEA has also approved 10 per cent stake sale in Coal India Ltd amid growing concerns over meeting Rs 69,500 crore disinvestment target in the current fiscal. Coal and Union Power Minister Piysh Goyal told reporters after the Cabinet meeting that government hopes to mop up around Rs 20,000 crore . A...

Sensex slumps over 300 points in afternoon trade

At the stock markets, the Sensex at the Bombay Stock Exchange turned quite weak in afternoon trade, and had dropped 256 points, to 25,608 a short while ago. Earlier in the morning, the Sensex had fallen 69 points.Similarly, the Nifty at the National Stock Exchange had lost 76 points, to 7,762 a shor...

Sensex slumps over 300 points in afternoon trade

At the stock markets, the Sensex at the Bombay Stock Exchange turned very weak in afternoon trade, and had slumped 304 points, to 25,561 a short while ago. Earlier in the morning, the Sensex had dropped 69 points. Similarly, the Nifty at the National Stock Exchange had lost 72 points, to 7,766 a sho...