RBI extends present interest subsidy scheme for farmers till June 30

The Reserve Bank today said that it is working on a new scheme for interest subvention for farmers. In a notification issued from Mumbai today, RBI said it is examining the various alternative approaches for improving the efficacy of the scheme as advised by the government. Hence, the RBI has instru...

Eight sectors generate 1.17 lakh jobs in Oct-Dec quarter

The Eight select sectors including IT and textiles have generated 1.17 lakh jobs during the third quarter of 2014-15. Labour Bureau quarterly report on change in employment in select sectors showed that the IT sector generated 89,000 new jobs during the December quarter over July-September period of...

RBI extends present interest subsidy scheme for farmers till June 30

The Reserve Bank today said that it is working on a new scheme for interest subvention for farmers. In a notification issued from Mumbai today, RBI said it is examining the various alternative approaches for improving the efficacy of the scheme as advised by the government. Hence, the RBI has instru...

Working on new interest subsidy scheme for farmers: RBI

The Reserve Bank today said that it is working on a new scheme for interest subvention for farmers. In a notification issued from Mumbai today, RBI said it is examining the various alternative approaches for improving the efficacy of the scheme as advised by the government. Hence, the RBI has instru...

Interoperable cash deposit machines may soon be reality: RBI

In an effort to encourage alternate banking channels for day-to-day transactions, the Reserve Bank is planning to connect all cash deposit machines to the National Financial Switch - NFS. Speaking to reporters in Mumbai today, RBI Deputy Governor H R Khan said that this move will allow customers to ...

India has potential to grow at 10 per cent: Jaitley

Finance Minister Arun Jaitley has said that India has the potential to make nine to 10 per cent growth rate its new normal in the years to come. He was addressing a conference on US-India Commercial Partnership in the First Year of the Modi Government in Washington. Mr Jaitley said that high growth ...

India has potential to grow at 10 per cent: Jaitley

Finance Minister Arun Jaitley has said that India has the potential to make nine to 10 per cent growth rate its new normal in the years to come. He was addressing a conference on US-India Commercial Partnership in the First Year of the Modi Government in Washington. Mr Jaitley said that high growth ...

SBI plans to add 8,000 more ATMs this fiscal

The State Bank of India is planning to add another 8,000 ATMs to its existing network for accepting and dispensing cash. The Bank sources said it plans to add 4,000 recyclers, which do both cash dispensing and deposits apart from installing 2,000 cash dispensers and 2,000 cash deposit machines. SBI ...

Need to provide universal pension coverage to everyone: Jayant Sinha

Minister of state for finance Jayant Sinha today said that there is need to provide universal pension coverage to each and every individual in the country. Addressing a meeting on National Pension System (NPS) corporate sector model in New Delhi, Mr Sinha said that Pension scheme should be developed...

Odisha CM opposes NALCO disinvestment