Farmers of Manipur have a new hope as Barley and Wheat could be cultivated now in dry season

In Manipur, with the success of a new venture of the Agriculture Department on cultivating Barley and Wheat during the dry season, which does not require much water, farmers of the state have now a new hope. They need not worry about keeping their agricultural fields barren during the dry season aft...

Govt. offers cash reward to a former HSBC Bank employee for providing information on black money stashed abroad by Indians

Government has offered a cash reward to a former HSBC bank employee turned whistleblower in exchange for any fresh information about its citizens holding illegal accounts in various tax haven countries, including in Swiss banks, as it looks to combat black money and unearth funds stashed away abroad...

ADB today projects India's growth rate to 7.8 per cent in 2015-16

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...

India ready to talk with EU on FTA: Nirmala Sitharaman

India today said that it is ready to talk with the European Union, EU on negotiations for the proposed free trade agreement, FTA. Commerce and Industry Minister Nirmala Sitharaman told reporters in New Delhi today that she has assured the EU ambassador and ambassadors of individual EU countries that...

Rupee up 19 paise against dollar; logs longest winning streak since 2012

The rupee today strengthened by 19 paise against the dollar in its sixth straight day of rise. It ended at 62 rupees and 27 paise. It is the Indian currency's longest winning run since 2012. The appreciation is attributed to sustained selling of the greenback by banks and exporters amid for...

Govt looking at all options to resolve Nokia issue: Nirmala Sitharaman

Government is looking at all options to resolve Nokia's plant sale issue, especially concerns related to workers who have lost their jobs. Commerce and Industry Minister Nirmala Sitharaman told this to reporters in New Delhi today. She said government is looking at all constructive steps th...

Don't outsource loan processing tasks: RBI to bankers

Concerned over the rising number of loan default cases, the Reserve Bank of India today warned lenders against outsourcing their credit processing activities to third-party entities. RBI Deputy Governor S S Mundra said that while the apex bank encourages banks to outsource non-core activities, credi...

REC to provide loan for power projects in Telangana state

The Rural Electrical Corporation, a Navaratna enterprise of the central government, will provide loan to a tune of 24 thousand crore rupees for the power projects in Telangana state to generate over 6000 Mega Watt. A Memorandum of Understanding has been signed between the Rural Electricity Corporati...

RBI Guv favours independent agency for managing govt debt

RBI Governor Raghuram Rajan today favoured an independent agency for managing government debt. Speaking to media after Finance Minister Arun Jaitley's post-Budget address to the RBI board in New Delhi, he said it is desirable to keep the agency independent of the government as well as the R...