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October 29, 2013 1:47 PM

Air Marshal Arup Raha to be next Chief of Indian Air Force

The Government today announced that Air Marshal Arup Raha, an ace fighter pilot, will take over as the next Air Force chief after Air Chief Marshal NAK Browne retires on December 31 .Commissioned on December 14, 1974 in the fighter stream of the IAF, Raha has held various command, staff and instruct...

October 29, 2013 1:32 PM

Live bomb found outside IG's office near Gandhi Maidan in Patna

The Bihar police today found a live bomb in Patna outside the IG office near Gandhi Maidan. Reprts say that the bomb has been defused. Six out of seven blasts took place in the Gandhi Maidan on Sunday, killing six people and injuring 83 others.Home Secretary Anil Goswami will take stock of the situa...

October 29, 2013 12:29 PM

Monetary Policy review : RBI hikes SLR, cuts MSF, CRR unchanged

The Reserve Bank of India, RBI today hiked the short-term lending (repo) rate by 0.25 per cent to 7.75 per cent. It is a step that will make corporate and consumer loans more expensive.The RBI Governor Raghuram Rajan brought down the cost of short-term funds for banks by slashing the marginal standi...

October 29, 2013 12:24 PM

Monetary Policy 2nd Qtr review : RBI hikes SLR, cuts MSF, CRR unchanged

The Reserve Bank of India, RBI today hiked the short-term lending (repo) rate by 0.25 per cent to 7.75 per cent. It is a step that will make corporate and consumer loans more expensive.The RBI Governor Raghuram Rajan brought down the cost of short-term funds for banks by slashing the marginal standi...

October 29, 2013 11:50 AM

ECI full bench reviewing MP Assembly poll preparations

In Madhya Pradesh, the full bench of Election Commission is reviewing preparations for the state legislative assembly elections to be held next month. Chief Election Commissioner V.S. Sampat and Election Commissioners H.S. Brahma and Dr. Naseem Zaidi are holding discussions over election preparation...

October 29, 2013 11:49 AM

Monetary Policy 2nd Qtr review : RBI hikes SLR, cuts MSF, CRR unchanged

The Reserve Bank of India, RBI has raised short-term lending rate by 0.25 per cent to 7.75 per cent with the immediate effect. RBI has also decided to cut Marginal Standing Facility (MSF) rate by 0.25 per cent to 8.75 per cent. The apex bank has kept Cash Reserve Ratio unchanged at 4 per cent. It ha...

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