BUSINESS AWAAZ

Political differences not to hamper development of West Bengal: Jaitely

AMN / Finance Minister Arun Jaitley today said that political differences will not come in the way of development of West Bengal.Inaugurating Bandhan Bank as a full-fledged scheduled commercial bank in Kolkata, Finance minister said that more economic activity is needed in the eastern states of the country. The Finance Minister said that expansion of … Continue reading Political differences not to hamper development of West Bengal: Jaitely

Govt to set up National Consumer Authority: Ram Vilas Paswan

Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan on Saturday said the National Consumer Authority will soon be set up to strengthen consumer protection mechanism in the country. He said the Consumer Protection Amendment Bill, which was introduced in parliament will strengthen the consumer dispute redressal mechanism. Speaking after inaugurating the new building … Continue reading Govt to set up National Consumer Authority: Ram Vilas Paswan

Bandhan Bank begins commercial banking

Our Correspondent / Bandhan Financial Services starts full fledged commercial banking operations today. The Finance Minister Mr. Arun Jetley will inaugurate the Bandhan bank at function in Science City Auditorium in Kolkata. The Kolkata based Bandhan got the financial approval of Reserve Bank of India to start commercial banking operations last year. With the launching of … Continue reading Bandhan Bank begins commercial banking

CCI to facilitate electronic filing of documents from October 1

Competition Commission of India, CCI will facilitate electronic filing of documents with effect from October 1. Speaking to reporters in Mumbai Friday, CCI Chairman Ashok Chawla said the arrangements for e-filing are almost complete and the move will help in faster disposal of merger and acquisition cases. Mr. Chawla said cases for merger and acquisition … Continue reading CCI to facilitate electronic filing of documents from October 1

IRDA laud insurance schemes launched by Prime Minister

The Insurance Regulatory and Development Authority, IRDA, has lauded the insurance schemes launched by Prime Minister Narendra Modi. Speaking to reporters on the side-lines of CII Insurance Summit in Mumbai Friday, IRDA Chairman T S Vijayan said the schemes have boosted the industry and have resulted in remarkable growth for the sector.The government had recently … Continue reading IRDA laud insurance schemes launched by Prime Minister

Govt to investment of Rs. 1000 crore in SAIL to revive VISL

AMN / The Government of India has decided to revive VISL of SAIL by modernization and expansion of its facilities with an investment of Rs. 1000 crore, Union Steel & Mines Minister Narendra Singh Tomar said in Bhadravati, Karnataka on Friday. The Union Minister for Steel & Mines Narendra Singh Tomar paid a visit to … Continue reading Govt to investment of Rs. 1000 crore in SAIL to revive VISL

Conference on Roadmap for Steel Sector

Our Correspondent The Ministry of Steel is organising a one- day conference on ‘Roadmap to 300 Million Tonnes: Opportunities & Challenges for Secondary Steel Producers’ here today . The Union Finance Minister, the Minister of Corporate Affairs and the Minister of Information and Broadcasting Arun Jaitley will inaugurate the conference in the presence of the … Continue reading Conference on Roadmap for Steel Sector

NE region should trade with neighbouring countries: Rijiju

AMN Shillong: The Union Minister of state for Home, Kiren Rijiju today suggested that North Eastern Region should do trade with the neighbouring countries to rejuvenate the economy of people living in border areas. Mr. Rijiju said 98 percent of the region is connected with neighboring countries and only 2 per cent is connected with … Continue reading NE region should trade with neighbouring countries: Rijiju

NPA levels in banks unacceptable: Jaitley

Finance minister Arun Jaitley today said the Non-performing asset (NPA) levels in banks is unacceptable. Speaking on the Foundation day of Indian Bank in New Delhi, Mr Jaitley said NPA has been partly due to past inaction and changes in some sectors of economy. He said payment banks will change banking habits. He said, the … Continue reading NPA levels in banks unacceptable: Jaitley

Centre declares 2nd & 4th Saturdays as holidays for bank employees

The Centre has declared second and fourth Saturdays of a month as holidays for the bank employees. The government accepted the long-pending demand of employees, with effect from first of September. Talking to media persons, in New Delhi, All India Bank Employees’ Association AIBEA General Secretary C H Venkatachalam said this will be a big … Continue reading Centre declares 2nd & 4th Saturdays as holidays for bank employees

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Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...