UP Government's initiatives in the renewable energy sector got a major boost <br/>

Uttar Pradesh Government&apos;s initiatives in the renewable energy sector got a major boost from the Ministry of New and Renewable Energy as it has committed to subsidising two of UP&apos;s schemes. The solar power packs distributed to residents of Lohia Grams and solar reverse osmosis syst...

FM calls current level of NPAs in Public sector banks as unacceptable

Hoping that the Non-performing asset (NPA) situation will improve in the coming quarters, Finance Minister Arun Jaitley today said an all-out effort has been launched to correct the current &quot;unacceptable&quot; level of bad loans in the PSU banks. He said, the banks reached this level pa...

IRDA lauds insurance schemes launched by PM Modi

3rd phase e-auction of FM Radio fetches around Rs 1,130 cr on 20th day

On the 20th day of e-auction of third phase of FM Radio, 94 channels spread over 56 cities, provisionally won the bidding. The auction fetched cumulative price of around 1,130 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 80 rounds of bidding are over. The first...

Govt panel sees no case in imposing MAT on FIIs

In a big relief to Foreign Institutional Investors (FIIs) , a government appointed committee has recommended that there is no case for imposing Minimum Alternate Tax (MAT) on FIIs retrospectively. Sources said the government is considering this suggestion of A P Shah Committee favourably. The Commit...

Jaitley to inaugurate tax conference on Monday

Finance Minister Arun Jaitley will inaugurate a two day Annual Conference of Chief Commissioners and Director Generals of Customs, Central Excise and Service Tax on Monday. The conference will Focus on Emerging Areas such as Taxpayers Services, Ease of Doing Business, Make in India and Goods and Ser...

Govt to sell 10 per cent stake in IOC

The government will sell 10 per cent stake in Indian Oil corporation (IOC). It can fetch about 9,500 crore rupees to the exchequer. The IOC said the floor price for the share will be announced tomorrow and the Offer For Sale will take place on Monday. Presently, the government holds 68.57 per cent s...

RBI panel recommends conversion of UCBs into regular banks

A Reserve Bank of India panel has recommended conversion of Urban Cooperative Banks, UCBs with business size of 20,000 crore rupees or more into regular banks to allow them to grow and proliferate further for financial inclusion. A report of the High Powered Committee on UCBs headed by RBI Deputy Go...

BJP gets majority in 43 civic bodies polls in Rajasthan

In Rajasthan, BJP has got majority in 43 civic bodies and emerged as largest party in 26 municipal corporations while Congress has won in 16 civic bodies and emerged as biggest party in twenty two others. In 9 corporations, both Congress and BJP won equal number of seats and in 12 civic bodies, numb...

BJP gets majority in 43 civic bodies polls in Rajasthan, Congress wins 16 including 1 in CM Raje's constituency

In Rajasthan, BJP has got majority in 43 civic bodies and emerged as largest party in 26 municipal corporations while Congress has won in 16 civic bodies and emerged as biggest party in twenty two others. In 9 corporations, both Congress and BJP won equal number of seats and in 12 civic bodies, numb...