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Cashless transaction is one of the solutions to the menace of black money: PM

January 3, 2015 8:29 AM

Cashless transaction is one of the solutions to the menace of black money: PM

Prime Minister Narendra Modi has said that cashless transaction is one of the solutions to the menace of black money. Addressing ICICI Foundation Day function in Mumbai Friday evening, Mr Modi advised banks to go for cashless transactions, which can help the government in rooting out the black money...

RBI postpones decision on practice of return paid govt cheques

January 2, 2015 6:51 AM

RBI postpones decision on practice of return paid govt cheques

The Reserve Bank has postponed its decision to do away with the requirement of returning paid government cheques to concerned departments, which was to come to force from yesterday. In a release, the RBI said that the revised date would be advised shortly. Easing norms to enhance efficiency of chequ...

LPG consumers to get cash subsidy in bank accounts

January 2, 2015 6:36 AM

LPG consumers to get cash subsidy in bank accounts

LPG consumers across the country will get cash subsidy directly into their bank accounts so that they buy the cooking fuel at market price. Domestic LPG users will get 568 rupees in the bank account the moment they join the Direct Benefit Transfer Scheme for LPG, which has now been renamed PAHAL. Th...

Mining ban led to loss of one million jobs: ASSOCHAM

January 2, 2015 6:35 AM

Mining ban led to loss of one million jobs: ASSOCHAM

ASSOCHAM report says that ban on iron ore mining and exports in Karnataka and Goa led to job loss of one million people. ASSOCHAM or the Associated Chambers of Commerce and Industry of India and Yes Bank have come to this conclusion in their report which has been released today. It points out that i...

LPG consumers to get cash subsidy in bank accounts from today

January 2, 2015 6:35 AM

LPG consumers to get cash subsidy in bank accounts from today

LPG consumers across the country will get cash subsidy directly into their bank accounts from today so that they buy the cooking fuel at market price. Domestic LPG users will get 568 rupees in the bank account the moment they join the Direct Benefit Transfer Scheme for LPG, which has now been rename...

LPG rate cut by Rs 43.50, jet fuel prices by 12.5 %

January 2, 2015 6:35 AM

LPG rate cut by Rs 43.50, jet fuel prices by 12.5 %

Non-subsidised cooking gas has become cheaper by 43 rupees and 50 paise per cylinder. Reduction in rates was announced by the oil companies today. A 14.2-kg cylinder of non-subsidised LPG will now cost 708 rupees, 50 paise in Delhi. This is the fifth straight reduction in rates of non-subsidised or ...

Don't fall prey to promises of multi-level marketing firms: RBI

January 1, 2015 7:07 PM

Don't fall prey to promises of multi-level marketing firms: RBI

Reserve Bank of Ibdia, RBI today cautioned investors against multi-level marketing firms promising easy and quick Money, and asked public not to be tempted by such offers. In a statement issued from Mumbai today the RBI said that investors should not fall prey to any kind of unscrupulous entities as...

Govt withdraws excise duty concessions to auto industry

January 1, 2015 12:43 PM

Govt withdraws excise duty concessions to auto industry

The Government has withdrawn the excise duty concessions to the auto industry. Sources said that the Finance Ministry has decided not to extend the concessions further. The concessions were given by the UPA government in the interim Budget in February, which were later extended by the NDA government...

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