RBI asks banks to work towards account number portability

AMN Reserve Bank of India Deputy Governor S S Mundra has asked banks to work towards account number portability, as it will be a far-reaching step towards enhancing competition and improving customer service. Speaking at the annual conference of banking ombudsmen in Mumbai , he said banks should look forward to providing more choices to … Continue reading RBI asks banks to work towards account number portability

Government to end LPG subsidy by March next year

AMN The government has ordered state-run oil companies to raise subsidised cooking gas, LPG, prices by four rupees per cylinder every month to eliminate all the subsidies by March next year. Petroleum and Natural Gas Minister Dharmendra Pradhan yesterday said in a written reply in the Lok Sabha. He informed that the government, in its … Continue reading Government to end LPG subsidy by March next year

Relief & rescue work in full swing in Gujarat

The relief and rescue work in Gujarat is going on in full swing. Government is focusing relief works in the flood affected areas to restore normalcy at the earliest. In this regard, Gujarat Chief Minister Vijay Rupani, who is in flood effected Banaskantha district, has raised the amount of cash relief being paid to the … Continue reading Relief & rescue work in full swing in Gujarat

Rajasthan govt announces Rs 1 lakh for flood victims

ASHFAQUE KAYAMKHANI / JAIPUR Rescue and relief works are carrying on in the flood affected Sirohi, Jalore, Pali and Barmer districts of Rajasthan. Chief Minister Vasundhara Raje yesterday conducted an aerial survey of the flood affected areas. She announced to enhance the financial assistance to the flood victims. Chief Minister also directed to restore and … Continue reading Rajasthan govt announces Rs 1 lakh for flood victims

Delhi Police bans flying of para gliders, hang gliders

AMN Ahead of the Independence Day, the Delhi Police yesterday put a ban on flying of para-gliders, para-motors, hang-gliders, microlight aircrafts, hot air balloons, small-size powered aircrafts and quadcopters in the national capital. Delhi Police in a statement interpreted that certain criminals or terrorists, inimical to India, may pose a security threat by the use … Continue reading Delhi Police bans flying of para gliders, hang gliders

SBI cuts interest rate on savings by half per cent

The State Bank of India has slashed interest on savings account deposits by half a per cent to three and a half per cent on balance up to 1 crore rupees. The bank said, for saving deposits balance above 1 crore, the rate of interest has been retained at 4 per cent per annum. The … Continue reading SBI cuts interest rate on savings by half per cent

West Bengal: 1 Congress & 5 TMC candidates elected Rajya Sabha unopposed

AMN Five TMC candidates and a Congress candidate were elected to the Rajya Sabha unopposed from West Bengal after CPI (M) candidate Bikash Ranjan Bhattacharya’s nomination was cancelled due to technical reasons. The nomination of CPI-M candidate Bikash Ranjan Bhattacharya was rejected yesterday after the returning officer declared it as invalid on the ground that … Continue reading West Bengal: 1 Congress & 5 TMC candidates elected Rajya Sabha unopposed

Qatar files complaint at WTO challenging trade boycott by Arab countries

AMN Qatar has filed a legal complaint at the World Trade Organisation to challenge a trade boycott by Saudi Arabia, Bahrain and United Arab Emirates. The director of Qatar’s WTO office Ali Alwaleed al-Thani said Qatar have always called for dialogue, for negotiations, and the filing of complaint is part of its strategy to talk … Continue reading Qatar files complaint at WTO challenging trade boycott by Arab countries

US: President Trump fires White House communications chief over an obscene tirade

WEB DESK / US President Donald Trump ousted recently hired White House communications chief, Anthony Scaramucci over an obscene tirade. The decision was made by Mr Trump’s new chief of staff, Gen John Kelly, who was sworn in yesterday. The former Wall Street financier had drawn criticism after calling a reporter to give a profanity-laced … Continue reading US: President Trump fires White House communications chief over an obscene tirade

Opposition enrage over proposal to allow Oil Companies to raise prices of LPG cylinder

AMN / Opposition parties in the Lok Sabha have demanded withdrawal of government’s decision of allowing Oil Marketing Companies to raise the prices of subsidised cooking gas, LPG by four rupees per cylinder every month. Raising the issue in the Zero Hour today, K C Venugopal of Congress criticised the government’s move of eliminating the … Continue reading Opposition enrage over proposal to allow Oil Companies to raise prices of LPG cylinder