PNB detects $1.77 bn fraud; suspends 10 officers
AMN Punjab National Bank PNB has detected a USD 1.77 billion scams in which billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for…
Govt proposes to allow premature closure of PPF account
Our Correspondent / NEW DELHI In bid to bring major changes in small saving scheme, Government has proposed to allow premature closure of Public Provident Fund (PPF) accounts and permit…
Sensex rises by 190 points, Nifty above 10500 on Monday
Benchmark domestic share markets after witnessing losses in last two weeks on Monday showed upward trend in afternoon deals. The Sensex at Bombay Stock Exchange gained about 190 points to…
Retail inflation for January eases to 5.07%
AMN / NEW DELHI The retail inflation for January has eased down to 5.07 per cent from 5.21 per cent in December 2017, according to data released by the Central…
PM Modi pitches India as attractive destination to do business
WEB DESK Prime Minister Narendra Modi on Monday pitched India as an attractive destination to do business. Mr Modi said this in his meeting with around 70 business delegates of…
Direct tax collection grows Rs 6.95 lakh crore
AMN The government’s direct tax collection has grown 6.95 lakh crore rupees during the April-January period of the current fiscal, a growth of 19.3 per cent over the year-ago period.…
Fiscal deficit, inflation are much better under NDA govt: Jaitely
Our Correspondent / NEW DELHI Finance Minister Arun Jaitley Friday said that fiscal deficit situation, inflation and revenue Deficit in the country was much better in the NDA government than…
Reliance Capital posts Rs.315 crore net profit in Q3
Mumbai Reliance Capital Ltd today said it closed the third quarter of the current fiscal with a consolidated profit of Rs 315 crore. In a statement issued here, Reliance Capital…
Structural reforms will bring huge dividends to country in long run: Jaitley
AMN / NEW DELHI Finance Minister Arun Jaitley on Thursday said that structural reforms taken by the government may pose momentary difficulty initially but in the long run, will bring…
RBI keeps repo rates unchanged in final bi-monthly monetary policy
MUMBAI The Reserve Bank of India on Wednesday maintained status quo on the policy rates, but raised red flags about potential steep spike in prices, fiscal profligacy and the likely…