RBI approves 10 entities to set up small finance banks
Seeking to promote financial inclusion, the RBI has granted approval to 10 entities, in principle, to set up small finance banks to provide basic banking services to small farmers and…
RBI is well prepared to deal with US Fed impact: Jayant Sinha
The Finance Ministry today said that India has built multiple layers of defence to deal with a possible US Federal Reserve’s first hike in interest rates in nine years, and…
Centre to resolve outstanding tax disputes soon: Jaitley
TIA NEWS / Finance Minister Arun Jaitley today said that the government would resolve outstanding tax disputes over the next few days through judicial or executive resolutions. Addressing India Economic…
Weak monsoon likely to reduce Kharif foodgrain output by 2%
The country’s foodgrain production is projected to decline by 1.78 per cent to 124.05 million tonnes in this Kharif season due to poor monsoon. Foodgrain output was 126.31 million tonnes…
Govt approves introduction of Sovereign Gold Bond Scheme
AMN The Union Cabinet today gave nod to introduction of the Sovereign Gold Bonds Scheme. Briefing media after the Cabinet meeting, Finance Minister Arun Jaitley said, the Bonds will be…
Global Investors Summit in Chennai
AMN / Tamil Nadu chief minister J.Jayalalithaa today inaugurated The Global Investors Meet at a colourful event in Chennai Trade Centre. Over 5000 delegates including a thousand from abroad are…
Current regime of low inflation to sustain for longer period: RBI
AMN / RBI Deputy Governor R Gandhi has said that the current regime of low inflation is likely to sustain for a longer period. Delivering MR Pai Memorial Lecture in…
Cabinet gives ex-post-facto nod to capital infusion in EXIM Bank
Union Cabinet today gave its ex-post-facto approval to the capital infusion made in the Export Import Bank of India (EXIM Bank) of 800 crore rupees to support the future growth…
Aircel-Maxis: CBI submit status report in SC on probe against Chidambaram
CBI today placed before the Supreme Court a fresh status report on the progress of its probe into the 2G spectrum allocation scam cases by covering in its ambit the…
TRAI gives 15 days time to address call drop issue
AMN / Telecom Regulatory Authority of India, TRAI has given 15 day time to Telecom companies to address the call drops problem. Talking to media persons in New Delhi, TRAI…