Govt to invest Rs 100 lakh cr in infrastructure building
AMN In his address to the nation from the Red Fort on the occasion of Independence day, Prime Minister Narendra Modi said, the government has decided to invest 100 lakh…
RBI asks banks not to count failed transactions, balance enquiry as free ATM transaction
AMN Reserve Bank of India has asked banks not to count failed transactions at ATMs due to technical reasons as part of “free ATM transactions” permitted every month. Besides, the…
Govt issues guidelines for partial credit guarantee for NBFCs
The step would provide liquidity to NBFCs and enable them to continue to play their role in meeting the financing requirements of productive sectors of economy Staff Reporter / NEW…
Global investors summit to be held in Srinagar from October 12
AMN Jammu and Kashmir Administration will host a three-day Global Investors Summit from 12th October this year in Srinagar. This was stated by J&K Principal Secretary of Industries Naveen Choudhary…
Govt seeks explanations from Hotels for overcharging on bananas, eggs
Bisheshwar Mishra / NEW DELHI Government has taken the reports of overcharging for two bananas in a hotel in Chandigarh and boiled eggs in a hotel in Mumbai seriously. Talking…
Saudi Aramco says H1 2019 net income slips to 46.9 billion
AMN Saudi Arabia, state-owned energy giant Aramco said that its first half net income for 2019 had slipped to 46.9 billion. It is the first time the company has published…
SC upholds homebuyers status of financial creditors
AMN Supreme Court today upheld amendments to the Insolvency and Bankruptcy Code (IBC), giving the status of financial creditors to homebuyers. A bench headed by Justice R F Nariman, which…
Auto industry seeks stimulus package from govt
AMN Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera and Auto industry leaders today asked the government for a stimulus package, including GST reduction on vehicles. After meeting with…
Dr MS Swaminathan calls for promotion of nutrition security…
AMN / CHENNAI Renowned agricultural scientist Dr MS Swaminathan has called for the promotion of nutrition security. Addressing a function to mark the 30th anniversary of the MS Swaminathan Research…
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…