BUSINESS AWAAZ

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

Railway to set up 400 model stations under PPP mode

AMN / Railway Ministry has decided to set up 400 model stations across the country under the Public Private Partnership mode. Railway Minister Suresh Prabhu said in Kolkata last night that the Joint Venture Company will be set up between the Central and State Governments for implementation of the project. He said that 17 State … Continue reading Railway to set up 400 model stations under PPP mode

Monthly Crude Oil Production for the month of July, 2015

Production Performance of Oil & Natural Gas Sector for the month of July, 2015 Crude Oil Production 1.1       Indigenous crude oil production (including condensate) during July, 2015 was 3134.254 TMT which is 0.66% lower than the target for the month and 0.39% lower than the production during corresponding period of last year. Cumulative crude oil … Continue reading Monthly Crude Oil Production for the month of July, 2015

Govt to ensure reasonable GST rate: Revenue Secretary

Government is trying to keep proposed GST rate as reasonable as possible to ensure success of the new indirect tax regime and better growth of the economy. Revenue Secretary Shaktikanta Das said this at a function in New Delhi Thursday. He also said the effort of the government is to ensure a tax-payer friendly administration … Continue reading Govt to ensure reasonable GST rate: Revenue Secretary

Govt working on various fronts to push up exports: Commerce Secy

Commerce Secretary Rita Teaotia has said that the government is working on a multi-pronged strategy to enhance exports competitiveness and address infrastructural bottleneck. Talking to a news agency in New Delhi, Mrs Teaotia said the ministry is focusing on exports sectors with a huge potential such as pharmaceuticals, ready-made garments, leather, gems and jewellery, chemicals … Continue reading Govt working on various fronts to push up exports: Commerce Secy

Ashwani Lohani appointed new Air India chief

  Ashwani Lohani was today appointed as Chairman and Managing Director (CMD) of national carrier Air India for three years. He will be replacing Rohit Nandan, whose extended tenure ends tomorrow. The Appointments Committee of Cabinet has approved appointment of Lohani, a 1980 batch Indian Railway Service of Mechanical Engineers (IRSME) officer, as CMD, Air … Continue reading Ashwani Lohani appointed new Air India chief

US crude oil futures slips to new 6-1/2-year low

U.S. crude oil futures slipped to a new 6-1/2-year low of 40.21 dollars a barrel, today, before moving up slightly to 40.30 dollars a barrel. Brent crude oil was down 75 cents, at 46.41 dollars a barrel. Oil has lost a third of its value since June on record crude pumping in West Asia, and … Continue reading US crude oil futures slips to new 6-1/2-year low

SBI launches mobile wallet app ‘Buddy’

State Bank of India has launch a mobile wallet application, SBI Buddy, in collaboration with Accenture and Mastercard. The service will be available to existing as well as non-SBI customers. Launching the M- wallet app at State Bank Bhavan in Mumbai Finance Minister Arun Jaitley said that it would fulfill the changing spending style of … Continue reading SBI launches mobile wallet app ‘Buddy’

RBI grants approval to 11 payment banks applicants

  The Reserve Bank of India (RBI) on Wednesday granted ‘in-principle’ approval to 11 payment banks applicants under the Guidelines for Licensing of Payments Banks. RBI had received 41 applications for payments banks. The central bank has approved applications of Aditya Birla Nuvo Limited, Airtel M Commerce Services Limited, Cholamandalam Distribution Services Limited, Department of … Continue reading RBI grants approval to 11 payment banks applicants

Govt asks MMTC to import 10,000 tonnes of onion

The Centre has asked state-run trading company MMTC to import 10,000 tonnes of onion. It has also directed National Agricultural Cooperative Marketing Federation, NAFED to cancel its tender. NAFED had re-invited bids for import 10,000 tonnes of onions from countries like Pakistan, China and Egypt after it failed to attract any supplier in the previous … Continue reading Govt asks MMTC to import 10,000 tonnes of onion

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MARQUEE

SC slams Centre for ‘lethargy’ over upkeep of Taj Mahal

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India, Nepal to jointly promote tourism

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