Brazil's Supreme Court agrees to investigate dozens of politicians in connection with a multi-billion dollar kickback scam

Govt. garners bids worth around 77,000 crore rupees at the end of three days of spectrum auction

Government has garnered bids worth around 77,000 crore rupees at the end of three days of spectrum auction as telecom operators continued to bid aggressively. Department of Telecom said, till now, 17 rounds of bidding have taken place in three days. It said, there is still spectrum, which is yet to ...

NPCI reaches new milestone with successful linking of 15 cr bank accounts with Aadhaar

The country's umbrella body for all retail payments system, National Payments Corporation (NPCI), has reached a new milestone with successful linking of 15 crore bank accounts with the Aadhaar numbers. It is moving closer to map the overall 17 crore Direct Benefit Transfer accounts. The Res...

GST will transform India's fiscal architecture: Jayant Sinha

Minister of State for finance Jayant Sinha has said that the Goods and Services Tax, GST roll out will prove to be a revolutionary step and has potential to transform the fiscal architecture of the government. Mr Sinha said this during a television programme today in New Delhi. The Minister, added t...

RBI eases norms for home loans for up to Rs 10 lakh

Giving a boost to affordable housing, Reserve Bank of India has eased the norms for home loans of up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit. A RBI notification said that these charges form around 15 per cent of the cost of the house and p...

Govt to act against banks if rate cut benefits doesn't reach consumers: Jayant Sinha

Minister of state for Finance Jayant Sinha today said that if the banks do not pass on the benefit of reduction in Repo-rates to the consumers, the government may take steps against them. Talking to AIR, Mr Sinha said in a competitive market, once the rates start coming down, few banks will do it an...

In a major boost to India's sovereign outlook, Moody's today said the new 'inflation targeting' mechanism is a "credit positive" move and it would make RBI's monetary policy tools much more effective. Under the new 'inflation ta...

Haryana to open modern shops of IMFL in selected towns

Haryana Government will open modern shops of India Made Foreign Liquor (IMFL) in selected towns. This decision was taken in a cabinet meeting held at Chandigarh yesterday under the chairmanship of Chief Minister Manohar Lal. The cabinet has also approved the excise policy for the year 2015-16.Haryan...

Andhra CM Naidu to make special appeal to Japanese industrialists on investment

Commerce and Industry Ministry seeks imposition of import duty on Cement

The Commerce and Industry Ministry has sought imposition of import duty on Cement in order to boost exports from the country. Addressing the 53 Annual Session of Cement Manufacturing Association in New Delhi today, Secretary in Department of Industrial Policy and Promotion, DIPP, Amitabh Kant said t...