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June 16, 2011 8:42 PM

RBI hikes short-term lending and borrowing rates by 25 basis points

The Reserve Bank of India today raised the repo rate, or the rate at which its lends to banks, and the reverse repo rate, the rate at which it borrows from banks, by 25 basis points, each, to combat inflation. The repo rate has been raised to 7.5 per cent, and the reverse repo rate to 6.5 per cent. ...

June 16, 2011 8:41 PM

Govt committed to draft strong and sound Lokpal Bill by June 30th

The Government today said that it is committed to draft a strong and sound Lokpal Bill by 30th of this month to fight corruption. Briefing the media in New Delhi, the Home Minister Mr. P. Chidambaram said that the bill is intended to put in place a strong institution to combat corruption. He said th...

June 16, 2011 8:41 PM

Food inflation falls to 8.96 % in week ending 4th June

Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables. Food inflation, as measured by the Wholesale Price Index had stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year. Dur...

June 16, 2011 7:24 PM

Post Office savings account to be taxed from this year

Post Office savings accounts will be taxed from this financial year. The Central Board of Direct Taxes has already come up with a notification in this regard. The notification has been issued to all the tax collection ranges across the country for implementation. Accordingly, taxpayers, who invest i...

June 16, 2011 7:22 PM

RBI hikes short-term lending & borrowing rates by 25 basis points

Reserve Bank of India today raised key short-term lending and borrowing rates by 25 basis points for the 10th time since March, 2010.While the short-term lending or repo rate has been raised to 7.5 per cent, the borrowing rate has been hiked to 6.5 per cent. Subsequently, the marginal standing facil...

June 16, 2011 2:17 PM

Food inflation falls to 8.96 pc in week ending June 4

Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables.Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year.D...

June 16, 2011 1:40 PM

Dey murder case: Bombay HC seeks status report from Maharashtra govt. & police

Bombay High Court has directed Maharashtra government and Mumbai Police to file status report on probe in journalist J Dey murder case on June 21. The court also asked the state government to direct the Advocate General to appear and argue the case. The high court was hearing a PIL filed by a lawyer...

June 16, 2011 1:39 PM

Food inflation falls to 8.69 pc in week ending June 4

Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables.Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year.D...

June 16, 2011 1:39 PM

RBI hikes short-term lending & borrowing rates by 25 basis points

Reserve Bank of India today raised key short-term lending and borrowing rates by 25 basis points for the 10th time since March, 2010.While the short-term lending or repo rate has been raised to 7.5 per cent, the borrowing rate has been hiked to 6.5 per cent. Subsequently, the marginal standing facil...

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