ECONOMY & NATION


Creditors like French bank BNP Paribas and State Bank of India, lessors such as Rolls Royce and International Aero Engines and state-run oil marketing firm HPCL had jointly filed petitions in the high court in November 2013 after the cash-strapped airline and its holding firm UBHL failed to...

Read More



Moneylife Digital Team 23 March 2016
According to reports, the government may appoint a committee to examine stake sale in Air India for meeting its revenue targets for next year   The government may examine the possibility of selling up to 49% of its stake in national carrier Air India, says a report from NewsRise...

Read More



New Delhi : The union cabinet on Wednesday announced clearance for a $1,500 million World Bank project to support Swachh Bharat Abhiyan in rural India.   Telecom Minister Ravi Shankar Prasad told reporters that under the scheme separate parameters will be fixed for each beneficiary...

Read More



Charu Bahri (IANS) 23 March 2016
Between 2010 and 2015, funding shortfalls to local governments nationwide - rural and urban - were as high as half the sanctioned amount and annual payments fluctuated extensively, with variations peaking in the slowdown years 2011 and 2012, according to a new paper.   Central...

Read More



New Delhi : Branded budget hotel chains in domestic hotel industry are driving the growth of hotel bookings online, revealed a report by Google India compiled by looking at the search trends for both domestic and international travel sector for the upcoming holiday season.   The...

Read More



Kanishka Jain 22 March 2016
By 2025, the value of loans disbursed globally under the peer-to-peer lending module is expected to reach $1,000 billion mark. Will this mode be the first choice for small ticket loans?   The peer-to-peer lending (P2P) concept is receiving overwhelming response and the world is going...

Read More



New Delhi/Jammu : Jammu and Kashmir is likely to have a new government as early as the next week that will end the two-month-old political stalemate in the state after Peoples Democratic Party (PDP) chief Mehbooba Mufti's "positive" meeting with Prime Minister Narendra Modi in the capital on...

Read More



Moneylife Digital Team 22 March 2016
According to a police report, Basantani has fled the country four years ago to Dubai. However, a person familiar with the matter says Basantani was present in the country till January this year   Rajkumar Basantani of Soundcraft Industries, Adam Comsoft and Kolar Biotech has...

Read More



San Francisco : Apple CEO Tim Cook, referring to the ongoing battle with the US government over encryption to unlock an iPhone used by an attacker in a mass shooting in San Bernadino last year, on Monday reiterated the company's commitment to protect its users' data and...

Read More



Mumbai : The Enforcement Directorate (ED) on Monday attached a sugar mill and 290 acres of land in Nashik worth Rs.55 crore in connection with the money laundering cases filed against NCP leader Chhagan Bhujbal, his family and others, official sources said here.   The provisional...

Read More



New Delhi : The central government on Monday asked the Delhi High Court to vacate the interim stay on ban on some fixed dose combinations (FDC) medicines sold by pharma majors saying they "endanger patient safety".   Defending its decision to ban 344 FDC medicines through its March 10...

Read More



Mumbai : India's current account deficit (CAD) dropped to $7.1 billion or 1.3 per cent of GDP in the third quarter of 2015-16 on account of narrowing trade deficit, Reserve Bank of India (RBI) said on Monday.   "India's current account deficit (CAD) at $7.1 billion or, 1.3 percent of...

Read More



New Delhi : A Central Board of Direct Taxes (CBDT) committee on taxation of e-commerce has suggested an "Equalisation Levy" of between 6-8 percent for business-to-business digital transactions, as per its report made public on Monday.   The committee had already submitted, in...

Read More



Mumbai : IDBI Bank employees' unions have called a four-day countrywide strike from March 28 to oppose the government's move to dilute its stake in the bank announced by Finance Minister Arun Jaitley while presenting budget 2016-17 last month.   Employees and officers belonging to the...

Read More



Are banks only eager to show data that pleases the Finance Minister and the Prime Minister?   The Reserve Bank of India recently released the Basic Statistical Return (BSR) statistics for 2014-15. This, read with the Trend and Progress of Banking, reveals some interesting results....

Read More



Moneylife Digital Team 21 March 2016
Bank credit to domestic export sector has suffered due to fall in external demand as is visible in major export sectors like textile, gems and jewellery leading to contraction in demand of credit   The yearly State Bank of India (SBI) Composite Index for March 2016 has declined below...

Read More



Moneylife Digital Team 21 March 2016
The government seems to have a tough battle on its hands as IDBI employees have ganged up to protect their salaries and perks and are even ready to take the help Lalu Prasad Yadav, a politician convicted of fodder scam    Employees and officers of IDBI Bank are making full...

Read More



New Delhi : Prime Minister Narendra Modi is set to meet senior officials of all banks and insurance companies in Mumbai on Tuesday to discuss the implementation of the government's crop insurance scheme, an official source said on Monday.   The finance ministry source said Finance...

Read More



Mumbai : The Maharashtra assembly was thrown into turmoil on Monday over state Advocate General Shrihari Aney's demand for a separate state of Marathwada, with the ruling BJP's ally Shiv Sena as well as the opposition seeking action against him.   Amid the ruckus, slogan-shouting and...

Read More



Hong Kong : Even as it promotes Hong Kong as the gateway for Indian companies to the Chinese markets, the Hong Kong Trade Development Council (HKTDC) is promoting India as an alternative manufacturing base for its industries based in China, states a research report.   "In recent...

Read More

Free Helpline
Legal Credit
Feedback