Business

March 27, 2015 2:02 PM

Govt to achieve fiscal deficit target of 4.1% for 2014-15

Government will achieve fiscal deficit target of 4.1 per cent for 2014-15. Sources in the Finance Ministry said the government is on its way to achieve the target. The Economic Survey tabled in Parliament had termed it a daunting task. Government has set fiscal deficit target for the 2015-16 at 3.9 ...

March 26, 2015 10:01 AM

Land customs station inaugurated at Indo-Myanmar border

Commerce and Industry Minister Nirmala Sitharaman has inaugurated a land customs station at the Indo-Myanmar border trade centre at Zokhawthar in Champhai district of Mizoram. Inaugurating the facility, the Minister said the Centre has been taking up development in the North East on a mission mode a...

March 26, 2015 7:56 AM

Branches doing govt biz should be open on March 30 & 31: RBI

The Reserve Bank has instructed all banks, who deal with government business, to keep designated branches open on March 30 and 31. In a notification issued yesterday, the apex bank asked that all such banks shall keep the counters of their designated branches open for full day on March 30 and 31st. ...

March 25, 2015 9:55 PM

RBI signs $400 mn currency swap pact with Sri Lanka

The Reserve Bank of India has signed a 400 million US Dollars currency swap agreement with the Central Bank of Sri Lanka. In a statement issued from Mumbai today, RBI said that the agreement will allow the Central Bank of Sri Lanka to make withdrawals of US Dollar or Euro in multiple tranches up to ...

March 25, 2015 9:22 PM

Govt approves 10 FDI proposals worth Rs.2857.83 cr

Government has approved ten Foreign Direct Investment, FDI proposals amounting to around 2857.83 crore rupees. An official release said, that the proposals was approved on the recommendations of Foreign Investment Promotion Board. The approved proposal include Ostro Energy, pharma firm IPCA Laborato...

March 25, 2015 9:03 PM

Spectrum auction ends with bids about Rs 1.10 lakh cr

The government has fetched about 1.10 lakh crore rupees after a rigorous bidding in the auctioning of a telecom spectrum. The auction concluded today after 19 days and 115 rounds of bidding. However, 11 percent airwaves stayed unsold. The process of auction was conducted for 800 MHz, 900 Mhz, 1800 M...

March 25, 2015 8:06 PM

Govt steps up divestment target for 2016: Jaitley

Finance Minister Arun Jaitley has said that the government has stepped up divestment target for 2016 and is trying to maintain the fiscal deficit road map. Speaking at a function in New Delhi today, Mr Jaitley said that the next roadmap for the government is to clear the Goods and Services Tax, GST ...

March 25, 2015 8:47 AM

Britain's top companies appoint more women to their boards

Britain's top companies have made enormous progress on gender diversity by doubling the number of female Directors, new figures indicate. Lord Davies, the former Trade Minister said women now accounted for 23.5 per cent of FTSE 100 board members, up from 12.5 per cent in 2011. The increase ...

March 25, 2015 8:09 AM

Stakeholders' meet to discuss setting up Mudra Bank today

The Finance Ministry has called the first meeting of all stakeholders, including Micro Small and Medium Enterprises and Micro-finance institutions today for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank. Micro Units Development and Refinance Agency (Mudra) Bank, as proposed...

March 24, 2015 5:24 PM

Govt. all set to auction another set of 15-20 Coal blocks next month

The government is all set to auction another set of 15-20 Coal blocks next month following passage of the Coal Mines Bill in Parliament. In addition, the government is also likely to allot 43 mines to central and state PSUs this week. Parliament last week approved Coal Mines (Special Provisions) Bil...

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