Centre to come up with new National Textiles Policy soon: Gangwar

Textiles Minister Santosh Kumar Gangwar has said the government will soon come up with a new National Textiles policy aimed at attracting high investment and create more employment opportunities. He said a Cabinet note has been circulated among different ministries for seeking their suggestions. The...

MUDRA Bank partners with states, regional level co-ordinators

Govt sets fiscal deficit target at 3.9% of GDP

The government has exuded confidence that it will contain the modest target of fiscal deficit at 3.9 per cent. Finance Minister Arun Jaitley said the Centre will focus on growth by spending more. The Minister was replying to media queries on the sidelines of a function in New Delhi today. Mr Jaitley...

Rupee's slide continues against dollar

The rupee continued to drop further against the dollar in late morning trade and was down by 13 paise at 63.65. The rupee resumed lower at 63.62 as against the last weekend's level of 63.52 at the Interbank Foreign Exchange market and dipped further to 63.67 before quoting at 63.65.

MUDRA Bank partners with states, regional level co-ordinators

Bad loans: RBI to set up Central Fraud Registry soon

The Reserve Bank of India will soon set up a Central Fraud Registry as part of an early warning system. The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans. A top RBI official told PTI that work is underway to set up the Regi...

Centre to soon privatise 8 loss-making hotels run by ITDC

Tourism Minister Mahesh Sharma said that Government will soon privatise eight loss-making hotels run by India Tourism Development Corporation, ITDC. Talking to PTI, Mr Sharma said that government is planning to offload all the sick units. The Minister said, out of 16 hotels, eight are in very bad sh...

Expert committee on Health Insurance suggest changes in disclaimer wordings

An expert committee on Health Insurance has suggested changing the wordings of disclaimer in advertisements of insurance companies. The Insurance Regulatory and Development Authority of India, IRDAI mandates that all insurance companies issue a disclaimer, "Insurance is a subject matter of ...

Bad loans: RBI to set up Central Fraud Registry soon

The Reserve Bank of India will soon set up a Central Fraud Registry as part of an early warning system. The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans. A top RBI official told PTI that work is underway to set up the Regi...

RBI lauded for stablizing Lankan currency under SWAP arrangement initiated by PM Modi