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March 11, 2015 8:23 PM
Finance minister Arun Jaitley today asked heads of public sector lenders to take commercial decisions without fear or favour. Speaking at a meeting to review the quarterly performance of the public sector banks and financial institutions in New Delhi today, Mr Jaitley advised banks to facilitate app...
March 11, 2015 8:19 PM
The Government today appointed nine Executive Directors in Public Sector Banks. The Appointments Committee of the Cabinet has approved the appointments. Mr Charan Singh will be the Executive Director of UCO Bank and Mr K.Venkata Rama Moorthy will be the Executive Director of Bank of Baroda. Mr R.P.M...
March 11, 2015 8:13 PM
In Kolkata, the Reserve Bank of India (RBI) today organized a Note and Coin Exchange Mela at Howrah Station. Regional Director of RBI Mr. R. N. Kar said that adequate quantity of good quality notes and coins is being supplied by RBI to the banks. He urged the people to approach the banks for meeting...
March 11, 2015 1:56 PM
Life Insurance Corporation of India, LIC will invest Rs 1.5 Lakh crore in Indian Railways over next 5 years for development of various commercially viable projects. Talking to reporters in New Delhi today, Finance Minister Arun Jaitley said, LIC has taken the task of supporting Indian Railways and i...
March 11, 2015 11:56 AM
Life Insurance Corporation of India, LIC will invest Rs 1.5 Lakh crore in Indian Railways over next 5 years for development of various commercially viable projects. Talking to reporters in New Delhi today, Finance Minister Arun Jaitley said, LIC has taken the task of supporting Indian Railways and i...
March 11, 2015 7:19 AM
Finance Minister Arun Jaitely will hold a quarterly performance review meeting with heads of public sector banks and state run financial institutions today. In a statement, the Finance Ministry said the focus of the review meet will be on overall credit growth with specific reference to agriculture ...
March 10, 2015 8:51 PM
The country's current account deficit, CAD, nearly doubled, to 8.2 billion dollars, or 1.6 percent of GDP in the October to December 2014 quarter, from 0.9 percent in the year-ago quarter. This was shown by Reserve Bank of India data released today. But on a sequential basis, the current ac...
March 10, 2015 6:13 PM
Five public sector undertakings (PSUs) will be closed down by the government, including some of the best known state-run enterprises like HMT and Hindustan Shipyard, in the list of 65 sick PSUs. Replying to a question in the Lok Sabha, Heavy Industries Minister Anant Geete said, the five state-run o...
March 9, 2015 12:59 PM
The auction for the remaining unsold spectrum will resume today for which 8 companies are bidding to acquire airwaves in four bands. By Saturday, the auction, that began on Wednesday, completed 24 bidding rounds. The Department of Telecom said, the Government has got commitments of Rs 86,000 crore f...
March 9, 2015 12:46 PM
The Japanese government has revised downward its annualized economic growth rate for the October-to-December quarter to 1.5 percent. The Cabinet Office said today that real-term gross domestic product for last year's 4th quarter rose 0.4 percent from the previous quarter. The economy expand...
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