National

August 4, 2015 9:12 PM

RBI, Govt reach broad consensus on MPC composition: Raghuram Rajan

RBI governor Dr. Raghuram Rajan has said that the apex bank and the government have reached a broad consensus on the structure and composition of Monetary Policy Committee, MPC.<br/><br/>Addressing a press conference after announcing the third Bi-monthly Monetary Policy in Mumbai today, ...

August 4, 2015 9:05 PM

RBI keeps key rates unchanged in monetary policy review

Reserve Bank of India, RBI, has kept its key policy rates unchanged in its third bi-monthly monetary policy review with Governor Raghuram Rajan saying that the headline inflation is at elevated levels and banks are yet to pass on the full benefits of previous rate cuts.<br/><br/>In Mumba...

August 4, 2015 9:02 PM

SC/ST amendment bill passes in Lok Sabha

The Lok Sabha today passed Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Bill. The bill was passed by a voice vote while major opposition parties were not present in the house. Earlier, replying to the debate on the bill, Social Justice and Empowerment Minister Thawar Ch...

August 4, 2015 9:00 PM

No room for cut in lending rates in near-term: Bankers

Bankers have ruled out any immediate lowering of interest rates as the RBI maintained status quo on policy rates in its third bimonthly policy review announced earlier today. Speaking to reporters in Mumbai, SBI Chairperson Arundhati Bhattacharya said any further rate cut would depend on a lot many ...

August 4, 2015 8:40 PM

PM greets Indian contingent for stellar performance at Special Olympic in US

Prime Minister Narendra Modi has congratulated the Indian contingent for their outstanding performance at Special Olympic World Summer Games 2015, held in Los Angeles. In a tweet, Mr Modi said, achievements of Indian contingent at the Special Olympics are truly gladdening and they are India's p...

August 4, 2015 8:40 PM

FM radio e-auction, Day 7: 83 channels in 56 cities become provisional winners

Four rounds of bidding took place today in the e-auction of the first batch of private FM radio phase III channels. At the close of the seventh day of bidding today, 83 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around Rs 827 crore agains...

August 4, 2015 8:20 PM

Court reserves order on ED plea for warrant against Lalit Modi

The special court for Prevention of Money Laundering Act cases in Mumbai today reserved its order on Enforcement Directorate's plea seeking a non-bailable warrant, NBW against former IPL boss Lalit Modi. ED moved the court last week seeking an NBW after Modi did not respond to the summons sent ...

August 4, 2015 8:11 PM

Govt stresses on bringing safety aspects of oil sector under single entity

Minister for Petroleum and Natural Gas Dharmendra Pradhan has asked the captains of the Petroleum industry to strive towards achieving the objective of nil incidents across the Industry segments. Presenting Oil Industry Safety Awards in New Delhi today, Mr Pradhan said, the main focus should be on c...

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