RBI slashes repo rate by 35 basis points
AMN The Reserve Bank has cut repo rate by 35 basis points to 5.40 per cent to give a fillip to the economy. Repo rate is the rate at which…
Parliament passes Consumer Protection Bill
AMN / NEW DELHI Parliament has passed the Consumer Protection Bill, 2019, with the Rajya Sabah approving it Tuesday. The Lok Sabha has already passed it. The bill aims at…
Banks committed to step up affordable, hassle-free credit: FM Sithraman
AGENCIES / NEW DELHI Union Finance Minister Nirmala Sithraman has asserted that the major Indian banks have committed to step up affordable and hassle-free credit, with a special focus on…
Rubber trade between India and Malaysia growing fast
STAFF REPORTER / NEW DELHI Rubber trade between India and Malaysia growing fast over the years. This is mainly due to India’s rapidly expanding healthcare sector. Speaking at a seminar…
Parliament passes Insolvency and Bankruptcy Code Bill..
AMN / NEW DELHI Parliament has passed the Insolvency and Bankruptcy Code Bill 2019 with Lok Sabha approving it today. The Rajya Sabha has earlier approved the Bill. The Bill…
One Nation-one Ration Card scheme implemented on pilot basis in 4 States
ONKAR SINGH / NEW DELHI Government today launched the One Nation-One Ration Card scheme on a pilot basis in Telangana, Andhra Pradesh, Maharastra and Gujarat. Families who have food security…
Non-subsidised LPG price cut by Rs 62.50 per cylinder
AMN The price of Non-Subsidised cooking gas (LPG) has been cut by 62 rupees 50 paise per cylinder based on softening international rates. Non-subsidised or market priced LPG, which consumers…
Cafe Coffee Day Founder VG Siddhartha Cremated amid tears
BENGALURU The funeral of Billionaire Cafe Coffee Day founder VG Siddhartha, whose body was taken out from river after 36 hours of his missing from a bridge near Mangaluru in…
RBI relaxes External Commercial Borrowing norms for corporates, non-banking lenders
AGENCIES In more liquidity easing measures, the Reserve Bank has liberalised the end-use stipulations for the External Commercial Borrowings both for corporates as well as liquidity starved non-banking lenders. The…
Tea at Rs 50,000 per kg in Assam
AMN / GUWAHATI Believe it or not a special variety of Assam tea was sold for Rs 50,000 per kg at the Guwahati Tea Auction Centre (GTAC) on Tuesday. The…