ECONOMY & NATION


New Delhi : The National Green Tribunal on Friday gave three weeks to Art of Living (AoL) to pay environmental compensation of Rs.5 crore for holding World Culture Festival on the Yamuna floodplains in Delhi.   The NGT held a hearing on Friday over implementation of its Wednesday's...

Read More



New Delhi : Passenger car sales in Indian domestic market fell by 4.21 percent to 1,64,469 units in February compared to 1,71,703 units in the year-ago period, industry body Society of Indian Automobile Manufacturers (SIAM) said on Thursday.   However, overall sales of passenger...

Read More



New Delhi : The top three online scams in India are work from home, lottery scams and fake bank email scam, says a new multi-market survey, adding that despite the growing awareness, new online scams are being reported every day.   Releasing an “Internet Scams” study on Thursday,...

Read More



Moneylife Digital Team 10 March 2016
Many infrastructure loans are viable only at steep 50-70% haircuts. Banks are unwilling to take such a massive hit on profitability by selling down to ARCs, says a report. Hence, the budget provision of getting FDI into ARCs won’t work   In his third Budget, Finance Minister Arun...

Read More



New Delhi : Taking up some long-pending issues in the oil and gas space, India on Thursday approved a new policy for their exploration, while also defining the norms for pricing of existing and new discoveries made in difficult areas.   Briefing reporters on the decisions taken at a...

Read More



Government would do well to promote development banks to fund infrastructure projects and relieve public sector banks as experience amply demonstrated that PSBs are not cut for that job of funding long-term projects with short term resources   Recently, Gyan Sangam (Intellectual...

Read More



New Delhi : Hydrocarbons discovered and produced from difficult areas will now get a new pricing norm to encourage production and unlock Rs.180,000 crore worth of reserves that are stuck due to want of incentives, Petroleum Minister Dharmendra Pradhan said on Thursday.   Briefing...

Read More



Vivek Singh Chauhan (IANS) 10 March 2016
New Delhi : The surge in foreign patients seeking Indian health facilities for specialised and cost-effective medical care has resulted in the mushrooming of online start-ups that help foreign nationals find the best treatment in the country.   One such medical tourism start-up,...

Read More



Chennai : India's central bank, the RBI on Wednesday said that the restrictions placed on the purchase of Kotak Mahindra Bank Ltd's shares are withdrawn immediately.   The Reserve Bank of India (RBI), in a statement, said the aggregate share holdings by global depository receipts...

Read More



New Delhi : Over 90 percent of the total foreign direct investment (FDI) received during the first nine months (April-December) of this fiscal came through the automatic route, parliament was informed on Wednesday.   "FDI equity inflow received through automatic route and approval...

Read More



Chennai : Global credit rating agency Fitch Ratings on Thursday said a consolidated Indian banking structure would be a positive development in the long term.   "We believe that consolidation coupled with higher capital requirements and governance reforms would position the banking...

Read More



New Delhi : India was the top recipient of remittances in 2015, the government said on Wednesday citing the World Bank.   “According to the World Bank Migration and Remittances Factbook, 2016, India is the top recipient of remittances in the world for the year 2015,” Minister of State...

Read More



Moneylife Digital Team 09 March 2016
SEBI asked 10 companies, and their promoters and directors to refund the money with 15% interest to investors and also refrain from accessing the securities market for four years   Market regulator Securities and Exchange Board of India (SEBI) has asked 10 Ponzi companies, including,...

Read More



Mumbai : With the acquisition of Pivavav Defende formally in its fold, Anil Ambani-led Reliance Group is eyeing a sizeable share in the potential, $60-billion pie of the Indian and overseas defence-related market where it now has a presence, sources said.   Towards this, the...

Read More



TruthInAdvertising.org 09 March 2016
Don’t file with fraudsters this tax season   You may hate to do your taxes, but some scammers eagerly await the season. And as we approach Tax Day this year, the US Internal Revenue Service (IRS) is warning of identity theft scams where fraudsters trick taxpayers into providing...

Read More



New Delhi : Non-performing assets (NPAs), or bad loans, of public sector banks (PSBs) have increased by close to Rs.1 lakh crore in the first nine months of the current fiscal, parliament was informed on Tuesday.   "The gross non-performing assets (NPAs) of the PSBs increased from...

Read More



New Delhi : The CBI on Tuesday registered a case against five Syndicate Bank officials, a CA, three private people and others on charges of causing a loss of Rs.1,000 crore to the bank by discounting of fake cheques and bills against fake insurance policies and overdraft limits against...

Read More



New Delhi : With women accounting for 99 percent of microfinance borrowers in India, a major change occurring in the financial system is the greater responsiveness of formal banking sector to articulated needs of the population, the government said on Tuesday.   "The culture is...

Read More



Mumbai/Hyderabad : Making a new beginning, Telangana and Maharashtra governments on Tuesday signed a historic agreement on construction of inter-state irrigation projects.   The agreement will facilitate construction of five barrages on Godavari river and its tributaries Penganga and...

Read More



New Delhi : Cutting across party lines, women members in the Rajya Sabha on Tuesday stressed the need to get passed the bill providing for 33 percent reservation to women in legislature.   "I am very happy that the Rajya Sabha passed the legislation. I hope the bill will be passed...

Read More

Free Helpline
Legal Credit
Feedback