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RBI asks banks to declassify off-balance-sheet loans from PSL

Saturday, 23 Mar 2013 | PTI | Mumbai

The Reserve Bank on Friday said the banks which have included contingent liabilities or off-balance-sheet items as part of their priority sector loans (PSL) will have to declassify these accounts with retrospective effect. A central bank notification said instances of contingent or off-balance-sheet items as part of the priority sector target...

Diesel prices hiked by 45 paisa

Saturday, 23 Mar 2013 | PNS | New Delhi

Following the Government’s decision to allow oil marketing companies (OMCs) to periodically hike diesel prices mainly on a monthly basis, the ‘aam admi’ fuel underwent a price increase of 45 paisa, and subsequently it would cost Rs 48.67 per litre from Saturday onwards in Delhi. The hike, which is the third...

SAIL share sale fully subscribed; Govt gets Rs1,500 crore

Saturday, 23 Mar 2013 | PNS | New Delhi

The Government managed to garner over Rs 1,500 crore from the truncated divestment in the nation's largest steel producer SAIL that barely managed to scrape through. The Offer For Sale (OFS) received bids for 24.13 crore shares against 24.03 crore shares on offer, as per the data available of the BSE. The...

Current fiscal's exports will be lower than last year's, says Sharma

Saturday, 23 Mar 2013 | PNS | New Delhi

Raising concerns over the widening trade deficit of India, Commerce and industry Minister Anand Sharma cautioned on Friday that Country's exports may not be able to reach even the last year's level of about $306 billion, and the trade deficit is could rise to $196 billion in the...

Growth, CAD worries persist despite easing inflation: Barclays

Saturday, 23 Mar 2013 | PTI | Mumbai

While risks arising from high inflation and fiscal slippage have receded, concerns about growth and current account deficit have worsened, which may pull down GDP growth to about 6.2 per cent next fiscal, says a Barclays report. The report also said the effort to reduce fiscal deficit through austerity measures is...

Direct selling sector to reach Rs10,843 cr by FY 15: Survey

Saturday, 23 Mar 2013 | PNS | New Delhi

Direct selling sector in India is expected to grow at the rate of 20 per cent year on year and reach up to Rs10,843.6 crore in the financial year 2014-15, according to a report. As per the annual survey on the Indian direct selling sector by PHD Chamber of Commerce and...

CCEA may consider IKEA's FDI proposal in April first week

Saturday, 23 Mar 2013 | PNS | New Delhi

The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Swedish home furnishings retailer IKEA's Rs10,500 crore investment proposal for consideration during first week of April. According to a senior government official, the Department of Industrial Policy and Promotion (DIPP) is currently evaluating the FDI proposal, which was earlier...


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Lynch protest: police fire in air, Sec 144 imposed in four areas

21 May 2017 | PTI | Jamshedpur

Protest against lynching of four persons intensified today and the police had to fire in the air to disperse a mob, while prohibitory orders under Section 144 were imposed in four areas here for tonight. Police fired in the air to disperse a mob that blocked roads in Mango area, demanding arrest of culprits involved in the lynching of four persons of a community at Rajnagar in Seraikela-Kharswan district on Thursday...

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Two Hindi plays performed at Shaheed Bhavan

23 May 2017 | Staff Reporter | Bhopal

Two Hindi plays ‘Jung-e-Azadi’ and ‘Mantra’ were beautifully staged at Shaheed Bhavan Auditorium on Monday. The plays were staged marking the first day of Children’s Theatre Festival ‘Azad Bansuri’...

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