Business

January 21, 2015 12:32 PM

PMJDY a game changer for economy: Arun Jaitley

Finance Minister Arun Jaitley has said that Pradhan Mantri Jan Dhan Yojana, PMJDY is an unprecedented initiative by the NDA government which will provide financial services to all households across the country. Briefing media in New Delhi, Finance Minister Arun Jaitley said that PMJDY is a game chan...

January 21, 2015 12:32 PM

India likely to cross China's projected growth rate: IMF

The International Monetary Fund (IMF) said, India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China's projected growth rate. Terming the new government's reforms as promising, the IMF said in 2014, India's growth rat...

January 21, 2015 12:31 PM

Maharashtra govt waives purchase tax on sugarcane for 2013-14 season

In order to provide timely and adequate financial relief to farmers affected by drought, unseasonal rain and hailstorms in Maharashtra, the state cabinet has decided to increase the limit of contingency fund to Rs 2,000 crore. Currently, the contingency fund is Rs 150 crore. The state government has...

January 21, 2015 8:55 AM

Maharashtra govt waives purchase tax on sugarcane for 2013-14 season

In order to provide timely and adequate financial relief to farmers affected by drought, unseasonal rain and hailstorms in Maharashtra, the state cabinet has decided to increase the limit of contingency fund to Rs 2,000 crore. Currently, the contingency fund is Rs 150 crore. The state government has...

January 21, 2015 8:53 AM

India likely to cross China's projected growth rate: IMF

The International Monetary Fund (IMF) today said, India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China's projected growth rate. Terming the new government's reforms as promising, the IMF said in 2014, India's grow...

January 21, 2015 8:22 AM

India's growth to reach 6.3 per cent in 2016: UN report

The United Nations said India will see a gradual growth acceleration with its GDP expected to reach 5.9 per cent this year and 6.3 per cent in 2016. According to the United Nations World Economic Situation and Prospects 2015 report, India's economy expanded by an estimated 5.4 per cent in 2...

January 20, 2015 9:08 PM

PMJDY a game changer for economy: Arun Jaitley

Finance Minister Arun Jaitley has said that Pradhan Mantri Jan Dhan Yojana, PMJDY is an unprecedented initiative by the NDA government which will provide financial services to all households across the country. Briefing media in New Delhi this evening, Finance Minister Arun Jaitley said that PMJDY i...

January 20, 2015 6:03 PM

Record number of 11.50 crore bank accounts opened under PMJDY so far: FM

A record number of 11.50 crore bank accounts have been opened under Pradhan Mantri Jan Dhan Yojana, PMJDY, as on 17th January this year. Briefing media in New Delhi this evening, Finance Minister Arun Jaitley said, Guinness book of World Records have also recognized the achievements made under PMJDY...

January 20, 2015 2:17 PM

RBI asks banks to review minimum lending rate every quarter

The Reserve Bank has asked banks to notify the base rate, or the minimum lending rate, at least once in every three months based on cost of funds. The direction comes soon after Reserve Bank cut repo rate by 0.25 per cent, the first reduction in 20 months, to boost credit and economic growth.Banks h...

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