Rajan-headed FSDC panel expresses concern over bad loans

Friday, 13 Dec 2013 | PTI | Kolkata

The Sub Committee of the Financial Stability and Development Council (FSDC), headed by RBI Governor Raghuram Rajan, on Thursday expressed concern over the rising bad loans of banks. The Reserve Bank will shortly bring out draft guidelines to address issues relating to asset quality, the central bank said after the 11th...

‘Tata felt confused and humiliated during early Harvard days’

Friday, 13 Dec 2013 | PTI | New York

Ratan Tata has said he felt confused and humiliated during his first few weeks as a student at the elite Harvard University but those initial days turned out to be the “most important weeks” of his life. Tata recalled his first weeks on the Harvard campus as he attended a dedication...

Gopalakrishnan pitches for key economic bills

Friday, 13 Dec 2013 | Manoj Raghuvanshi | New Delhi

CII President and co-founder of Infosys S Gopalakrishnan on Thursday called for passage of key bills in Parliament to keep the momentum in economic activities notwithstanding the 2014 polls. At the concluding day of the Delhi Economic Conclave, he said the recent economic data shows that GDP growth has gone up...

CCI seeks explanation from Jet, Etihad

Friday, 13 Dec 2013 | Pioneer | New Delhi

Having cleared Rs2,060-crore deal between Jet Airways and Etihad, fair trade watchdog CCI is seeking explanations from the two carriers to ascertain whether they failed to provide information on certain commercial pacts that could raise anti-competition concerns. The deal, involving Abu Dhabi carrier Etihad’s purchase of 24 per cent stake in...

Poll-scarred UPA mulls relaxing subsidised LPG cylinder cap

Friday, 13 Dec 2013 | Animesh Singh | New Delhi

Having been done in at the hustings in four key north Indian States, the Government has indicated that it is open to relaxing the nine subsidised LPG (cooking gas) cylinder cap per family a year by taking it to 12 per household, and would take an objective view on it...

Export growth slows to 5-month low of 5.86% in Nov

Thursday, 12 Dec 2013 | PNS | New Delhi

Decline in shipments of petroleum goods and rough diamonds pushed country's export growth down to five month low of 5.86 per cent in November. Exports stood at $ 24.6 billion in November as against $ 23.25 billion in the same period last year. However, a 16.3 per cent decline in...

India can afford gold import of $30 bn a year: Rangarajan

Thursday, 12 Dec 2013 | PNS | New Delhi

Prime Minister's Economic Advisory Council chief C Rangarajan on Wednesday said India can tolerate $30 billion worth of gold imports. A major reason for high current account deficit (CAD) in the last fiscal was high imports of gold. "As inflation comes down and as financial assets become more attractive,...

Govt will not compromise on fiscal discipline, says FM

Thursday, 12 Dec 2013 | PNS | New Delhi

A day after global rating agency Fitch had said that Congress Party's defeat in the four assembly elections may lead to higher fiscal deficit, Finance Minister P Chidambaram on Wednesday chose to allay fears of a spurt in public expenditure ahead of Lok Sabha polls by claiming that there will...

HC asks Pepsodent to Remove its print ad on toothpaste

Thursday, 12 Dec 2013 | PTI | New Delhi

Accepting toothpaste manufacturer Colgate Palmolive's plea, the Delhi High court has directed its rival Pepsodent Germicheck to withdraw its print advertisement, saying the same appears to be "prima facie disparaging" of the Colgate brand. The court, however, said Pepsodent's TV advertisement is not disparaging but the voice over on it...

Fitch upgrades outlook of Indian telecom sector to ‘stable'

Thursday, 12 Dec 2013 | PTI | New Delhi

Global credit rating agency Fitch on Wednesday upgraded outlook for the Indian telecom sector from 'negative' to 'stable'. "Fitch Ratings revised the outlook on the Indian telecom sector to stable from negative. The agency believes that the industry will continue to consolidate in 2014, which will reduce competition...


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Myanmar Army’s admission of killings a ‘positive step’: Suu

14 Jan 2018 | AFP | Yangon

Myanmar’s civilian leader Aung San Suu Kyi has welcomed an unprecedented army admission that security forces carried out extra-judicial killings of Rohingya Muslims as a “positive step”, state-backed media reported on Saturday. After months of staunch denials of abuse, the army on Wednesday said a probe found four members of the security forces helped kill 10 Rohingya militant suspects at Inn Din village on September 2, leaving their bodies in a...

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66 street children enjoy Gwalior Fair

20 Jan 2018 | PNS | Gwalior

It was a pleasing sight on Friday to witness 66 street children, accompanied by the District Collector and other officials at the Gwalior fair. The children enjoyed the visit, gazing at the stalls selling local produce and crafts...

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