Banks to disburse loans worth Rs 1.5 lakh cr to small business units under PMMY : Col. Rathore

Union Minister of State for Information and Broadcasting Col. Rajyavardhan Singh Rathore today said that the Banks will disburse loans worth about Rs 1.5 lakh crore to small business units under the Pradhan Mantri MUDRA Bank scheme during the current financial year.Mr Rathore has been made in-Charge...

Chennai: MoUs for investments worth over Rs. 1 lakh crore to be signed

Chennai: MoUs for investments worth over Rs. 1 lakh crore to be signed

In Chennai, MoUs for investments worth more than one lakh crore rupees are set to be signed between industry captains and the Tamil Nadu state government officials today, at the end of the two-day Global Investors Meet.Chief Minister J.Jayalalithaa claimed in her inaugural address yesterday that the...

TRAI gives 15 days time to address call drop issue

Telecom Regulatory Authority of India, TRAI has given 15 day time to Telecom companies to address the call drops problem. Talking to reporters in New Delhi, TRAI Chairman RS Sharma said he told telecom firms that after 15 days, the department will have another test drive in the city of Mumbai and De...

Cabinet gives ex-post-facto nod to capital infusion in EXIM Bank

Union Cabinet today gave its ex-post-facto approval to the capital infusion made in the Export Import Bank of India (EXIM Bank) of 800 crore rupees to support the future growth of the Bank. An official release said, the Bank was set up as a statutory Corporation in 1982 for providing financial assis...

Current regime of low inflation likely to sustain for longer period: RBI

RBI Deputy Governor R Gandhi has said that the current regime of low inflation is likely to sustain for a longer period. Delivering MR Pai Memorial Lecture in Mumbai, Mr. Gandhi said inflation is currently at a low level and this time around it will be possible to sustain inflation at lower levels f...

Maria to continue to lead probe in Sheena case despite his transfer on promotion: Maha govt

FM e-auction, Day 31: 97 channels become provisional winners

On the 31st day of e-auction of third phase of FM Radio, 97 channels spread over 56 cities, provisionally won the bidding yesterday. The auction fetched cumulative price of around 1,157 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 124 rounds of bidding are over...

China's foreign trade declines, record drop of forex reserves

China today said its foreign trade in August decreased 9.7 per cent year on year to about 320.8 billion US dollars. The country's foreign exchange reserves also fell for the fourth straight month to 3.56 trillion US dollars in August, down by a record 93.9 billion US dollars from the previo...

India ranks low on inclusive growth, development ranking: WEF

A new study by World Economic Forum (WEF)has ranked India very low globally on most of the parameters for inclusive growth and development. However it fares much better internationally when it come to business and political ethics. WEF said that the new study, which was conducted over the past two y...