Railway to launch Vikalp scheme

Railway will launch Vikalp scheme from 1st of the next month. Under the scheme if a passenger gives option of journey by another train, he will get the facility. This decision was taken in the two-day conference of Chief Commercial Managers of Railways in Bhopal. Current reservation through e-ticket...

US Federal Reserve keeps its benchmark interest rate unchanged

In US, the Federal Reserve kept its benchmark interest rate unchanged. However, while showing more confidence in the country's economic growth, the US central bank made it clear that an increase is possible in December. After a two-day meeting, policy makers at the bank expressed more faith...

Nepal signs a deal with China to import petroleum products

Nepal has signed a deal with China to import petroleum products. The Himalayan nation tries to boost supplies to deal with a deepening fuel crisis. Kathmandu has been forced to ration fuel after protests against a new constitution. The Nepalese Embassy Wednesday said in a statement, a Memorandum of ...

Any Food Processing unit to be set up in Punjab will be free from any taxes

In Punjab, any Food Processing unit to be set up in the state will be free from any taxes. Announcing this during Progressive Punjab Summit at Mohali, Deputy Chief Minister Sukhbir Singh Badal said that there would be no VAT, Purchase Tax and CST on new food processing units in the state. He said ai...

India asks its companies to invest in African countries as that can be a win-win situation for both

Maharashtra Govt.mulling over to take loans at 4 per cent interest from foreign nations

Reeling under debt of over 3 lakh crore rupees, the Maharashtra government is mulling over to take loans at 4 per cent interest from foreign nations for developmental purposes. State Finance Minister Sudhir Mungantiwar said the state government has had discussions with the Singapore government over ...

Swaraj asks African and Indian business enterprises to work towards mutually beneficial joint business ventures

Bankruptcy law will be introduced in Parliament this Winter Session: Jayant Sinha

Union Minister of State for Finance Jayant Sinha has said that the Bankruptcy law will be introduced in Parliament this Winter Session, while the passage of the GST Bill will remain on the top of agenda. Addressing a function in Mumbai Tuesday, Sinha said that the government is already in talks with...

India improves its position to 130 in World Bank's 2016 rankings

CBI registers case against REI Agro Limited and its Directors

CBI has registered a case against REI Agro Limited and its Directors for allegedly cheating banks to the tune of over 3,800 crore rupees. According to CBI spokesperson, the case was registered on the basis of a complaint by UCO Bank that the company having its corporate office in Delhi and registere...