Govt to unveil new Foreign Trade Policy on 1st April

The government will unveil the new Foreign Trade Policy on first on next month. The policy is aimed at giving fillip to exports with an objective to drive economic growth and create more employment opportunities.Commerce and Industry Minister Nirmala Sitharaman in a tweet said, Foreign Trade Policy ...

Need to discourage use of unaccounted currency: Finance Minister

Finance Minister Arun Jaitley has stressed the need to take steps to encourage people to use more accounted money and discourage the use of unaccounted currency. Addressing a gathering on the occasion of Foundation Day of Security Printing and Minting Corporation of India Limited, he said currency k...

Railway panel suggests dynamic fare system for all mail, express trains

Introduction of dynamic fare system for all mail and express trains, change in schedule of certain trains and their proper maintenance are some of the suggestions that a railway panel made for optimization of traffic.Currently, the dynamic fare system, which is being practised in airlines, is operat...

Forex Reserves at all-time high of USD 339.99 bn

RBI revises regulations for non-banking finance lenders

The Reserve Bank of India (RBI) has revised regulations for non-banking finance lenders by directing them to get themselves rated by March 2016.In the revised regulatory framework on NBFCs notified late last evening, RBI further said, those asset finance companies (AFCs) failing to achieve investmen...

Forex Reserves swells to all-time high of USD 340 billion

Need to discourage use of unaccounted currency: Finance Minister Arun Jaitley

Finance Minister Arun Jaitley has stressed the need to take steps to encourage people to use more accounted money and discourage the use of unaccounted currency. Addressing a gathering on the occasion of Foundation Day of Security Printing and Minting Corporation of India Limited, he said currency k...

NITI Aayog holds first meeting on rationalization of centrally sponsored schemes

The first meeting of the Sub-Group on rationalization of Centrally Sponsored Schemes was held under the convenership of the Madhya Pradesh Chief Minister Shivraj Singh Chouhan at NITI Aayog in New Delhi today. The meeting discussed various aspects of rationalisation of the centrally sponsored scheme...

Arun Jaitley pitches for cheques & plastic currency

Finance Minister Arun Jaitley today rooted for discarding paper currency and eventually switching over to cheques and plastic currency. Addressing a gathering on the occasion of Security Printing and Minting Corporation of India Limited, SPMCIL's Foundation Day, Mr Jaitley said incentive us...

Govt lowers domestic gas price to 5.02 per mmBtu from $5.6

The government today lowered the price of domestically produced natural gas to 5.02 per million British Thermal Units (mmBtu) from 5.6 dollar. This is the first ever reduction in the rates of the fuel. The new price will be effective from 1st of the next month. Natural gas price was raised from 4.2 ...