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Linking bank A/Cs with Aadhaar mandatory: RBI

Sunday, 22 Oct 2017 | PNS | New Delhi

Clarifying the bank customers, Reserve Bank of India (RBI) on Saturday said biometric identity number Aadhaar linkage with bank accounts is mandatory. The RBI also said that it never issued any such directions and it was the decision of the Central Government. The move of the central bank came at time...

Govt fixes Sovereign Gold Bond rate at Rs 2,971 per gram

Sunday, 22 Oct 2017 | PNS | New Delhi

The Government has fixed the purchase price of Sovereign Gold Bond (SGB) at Rs 2,971 per gram. For the subscription period from October 23-25, the issue price will be Rs 2,971 per gram with Settlement on October 30, a Finance Ministry statement said on Saturday. This is part of SGB calender...

PM hails IFFCO's steps for farmer's upliftment

Sunday, 22 Oct 2017 | PNS | New Delhi

Prime Minister Narendra Modi has said that cooperative major IFFCO’s initiatives to train the farming community on right use of fertilisers, advanced techniques and cash-less transactions will help in doubling farmers' income by 2022. “IFFCO’s contribution in the upliftment of farmers and co-operative organisations is praiseworthy,” Modi said in a message...

Tata Steel Netherlands workers protest Thyssenkrupp merger

Sunday, 22 Oct 2017 | PTI | New Delhi

A workers' group of Tata Steel's Netherlands unit has raised concerns over the proposed Tata Steel-Thyssenkrupp merger of their steel operations in Europe in a 50:50 joint venture. The major concern of Central Works Council(CWC) of Tata Steel Netherlands (TSN) is that, as per the MoU, the Supervisory Board of TSN...

AP CM for greater India-US co-op in agri sector

Sunday, 22 Oct 2017 | PTI | Washington

Andhra Pradesh Chief Minister Chandrababu Naidu has said greater co-operation between India and the US would help boost agricultural production and yield promising results for both countries. The US-India Strategic Partnership Forum (USISPF) in collaboration with the Iowa State University organised a special session on agriculture as part of the...

Macro-data led positive momentum lifts equity indices

Sunday, 22 Oct 2017 | IANS | Mumbai

The key Indian equity indices -- the S&P BSE Sensex and the NSE Nifty 50 -- rose for the third straight week as a healthy macro-data led positive momentum enhanced the risk-taking appetite of investors. However, profit booking, along with fears of higher non-performing asset (NPA) levels in the banking sector...

Now, AI seeks Rs 1.5k cr for short-term loans

Saturday, 21 Oct 2017 | PTI | New Delhi

Disinvestment-bound Air India has sought proposals for short term loans worth Rs 1,500 crore to meet ‘urgent’ working capital needs, according to a document. This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the Government is...

Govt permits banks to sell more small savings schemes

Saturday, 21 Oct 2017 | PTI | New Delhi

In order to encourage savings, the Government has allowed banks, including top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan. Until now, most of the small savings schemes were sold through post offices. According to a...

US-based Sazerac firm buys stake in JDPL

Saturday, 21 Oct 2017 | PTI | Bengaluru

John Distilleries Private Limited (JDPL), a leading liquor maker in India, on Friday announced that Sazerac Company, a family-owned spirits company in the United States has acquired an equity stake in it. Sazerac, owners of brands including Fireball, Southern Comfort, Buffalo Trace Bourbon, Pappy Van Winkle Bourbon and EH Taylor Bourbon,...

Rules to mandate registration of valuers notified by Centre

Saturday, 21 Oct 2017 | IANS | New Delhi:

The Government on Friday said that it has notified new rules which mandate valuers under the Companies Act, 2013 to get registered with a specified authority. The Companies (Registered Valuers and Valuation) Rules, 2017 was issued by the the Ministry of Corporate Affairs with effect from October 18, 2017. According...


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Sharad faction announces election to JD(U) posts

22 Oct 2017 | PTI | New Delhi

The Sharad Yadav faction of the Janata Dal (United) Party on Saturday announced election to party posts on March 11 and released a list of interim office-bearers, including Chhotubhai Vasava as working president and Ali Anwar as one of the vice-presidents. Yadav also released a list of presidents of party units in states at a press briefing...

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Chouhan to return from US on Oct 28

22 Oct 2017 | Staff Reporter | Bhopal

Chief Minister Shivraj Singh Chouhan will reach Washington DC on October 22. He has been invited by Pt Deendayal Upadhyay Forum, where he will address as a key speaker in the programme organised by the forum...

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