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July 16, 2014 1:05 PM

Favour broadening ties with Russia says PM; invites Putin to visit K'kulam

Prime Minister Narendra Modi has favoured broadening of the special and privileged strategic partnership with Russia in nuclear, defence and energy sectors. Mr. Modi also invited President Vladimir Putin to visit Kudankulam atomic power project during his trip in December. The two leaders met for 40...

July 16, 2014 12:56 PM

India to head first BRICS Bank

India will head the first 100 billion dollars BRICS Development Bank. The leaders of the five BRICS countries - Brazil, Russia, India, China and South Africa - have signed a deal to create a new 100 billion dollars development bank and an emergency reserve fund of equal amount. The capital for the b...

July 16, 2014 12:35 PM

India June exports grow over 10% ; imports up by 8.33 %

India's exports grew by 10.22 per cent to 26.4 billion dollars in June this year while imports stood at 38.24 billion dollars, up by 8.33 per cent, leaving a trade deficit of 11.76 billion dollars.According to the Ministry of Commerce and Industry's data released in New Delhi today, the co...

July 16, 2014 11:44 AM

O.P. Kohli to take oath as new Gujarat Governor this evening

Mr. O.P. Kohli will take oath as the new Governor of Gujarat, this evening.Quoting Raj Bhavan sources, our Ahmedabad Correspondent reports that the swearing in ceremony will be held at the town hall in Gandhinagar at 6 pm today.The Chief Justice of the Gujarat High Court, Bhaskar Bhattacharya will a...

July 16, 2014 8:02 AM

RBI eases financing norms for infrastructure and affordable housing projects

In line with the announcement made in the Union Budget last week, the RBI has exempted long term bonds from mandatory reserve requirements, if the money raised is used for funding infrastructure and affordable housing projects. In a notification issued from Mumbai, the RBI has said that banks can is...

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