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December 14, 2012 9:24 PM

RBI says direct cash transfer can help control inflation

RBI Deputy Governor, KC Chakrabarty said in Mumbai on Friday that the Central Government's ambitious direct cash transfer scheme will play a crucial role in reducing the fiscal deficit and controlling inflation in the country. Describing the scheme as a "power tool" the senior most of the four RBI d...

December 14, 2012 8:51 PM

RBI says direct cash transfer can help control inflation

Describing the government's ambitious direct cash transfer scheme as a "powerful tool", Reserve Bank Deputy Governor K C Chakrabarty has said that the initiative will help reduce fiscal deficit, which in turn will also bring down inflation if implemented well.Mr. Chakrabarty, the senior-most of...

December 14, 2012 8:49 PM

Defence Ministry lays claim to Adarsh Housing Society land

The Defence Ministry on Friday filed a title suit in the Bombay High Court, claiming ownership and possession over the land on which the controversial 31 storey Adarsh Housing Society stands in the upscale Colaba in South Mumbai.The Ministry has alleged in the suit that the residential complex which...

December 14, 2012 8:48 PM

Pakistan says it is determined to take the peace process forward with India

Pakistan Interior Minister Rehman Malik on Friday said that action will be initiated against Jamat-ud-Dawa chief Hafiz Saeed, once concrete evidence is given to Pakistan. He arrived in New Delhi on a three day official visit on Friday evening. His arrival was delayed by 4 hours due to some changes i...

December 14, 2012 8:41 PM

Pakistan wants to take the peace process forward with India: Rehman Malik

Pakistan Interior Minister Rehman Malik on Friday said that action will be initiated against Jamat-ud-Dawa chief Hafiz Saeed, once concrete evidence is given to Pakistan. He arrived in New Delhi on a three day official visit on Friday evening. His arrival was delayed by 4 hours due to some changes i...

December 14, 2012 7:26 PM

Rehman Malik arrives in India on three-day visit ; new visa pact on the cards

Pakistan Interior Minister, Abdul Rehman Malik has arrived in New Delhi on Friday evening on a three day visit to India for operationalisation of a revised Visa Agreement between the two countries. India and Pakistan had signed a liberalized visa agreement in Islamabad on 8th September, introducing ...

December 14, 2012 7:11 PM

Lok Sabha Passes Supplementary Demand Grants for 2012-13

The Lok Sabha on Friday passed the Supplementary Demands for Grants for 2012-13 and the relevant Appropriation Bills. This authorises the Centre to withdraw 30,804 crore rupees from the Consolidated Fund of India.Replying to the two-day discussion, Finance Minister P. Chidambaram said, he aims at fi...

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