National

October 9, 2012 8:33 PM

RBI imposes penalties on ING Vysya Bank Ltd. & ICICI Bank Ltd.

The Reserve Bank of India has imposed penalties of 55 lakh rupees on ING Vysya Bank Ltd. and 30 lakh rupees on ICICI Bank Ltd. The penalties have been imposed on these banks for offences such as failures to obtain adequate documents for opening accounts, and delay in filing the Suspicious Transactio...

October 9, 2012 8:17 PM

DGCA to KFA: Stop booking tickets immediately

The Directorate General of Civil Aviation (DGCA), has asked the beleaguered Kingfisher Airlines to stop booking tickets immediately as it was yet to come clean on safety issue. A notice was sent to the Airline following reports that it planned to resume normal operations from 13th of this month. A s...

October 9, 2012 8:05 PM

India to US: Supply of excess liquidity could increase commodity prices

India today told the US that supply of excess liquidity by the country could increase commodity prices. The US, however, downplayed the fears saying an appreciating rupee would neutralize the impact. Finance Minister P Chidambaram told a press conference after the third Cabinet level meeting of the ...

October 9, 2012 8:04 PM

Chidambram leaving for Japan tonight to attend meet of World Bank & IMF

Union Finance Minister P. Chidambram is leaving tonight on an official tour to Tokyo, Japan to attend Annual Meetings of World Bank and IMF. He will also attend BRICS Finance Ministers' and G 24 Ministerial Meeting also during his visit. The Finance Minister will also hold bilateral meetings with Fi...

October 9, 2012 5:43 PM

Ajit Singh: Changes being made in Route Dispersal Guidelines

Civil Aviation Minister Ajit Singh today said that changes are being made in the Route Dispersal Guidelines to promote regional air connectivity in the country. Addressing the Economic Editors Conference in New Delhi, he said provisions are being included in these guidelines to make it mandatory for...

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