Public debt rose to Rs 66.61L cr at December end, says FinMin

Friday, 16 Mar 2018 | PNS | New Delhi

India's public debt rose to Rs 66.61 lakh crore at the end of December 2017, representing a quarter-on-quarter increase of 1.22 per cent. The debt (excluding liabilities under the Public Account) of the government was Rs 65.80 lakh crore at the end of September last year. Internal debt and marketable securities constituted...

India to grow 7.3% next fiscal, 7.5% in 2019-20, says Fitch

Friday, 16 Mar 2018 | PTI | New Delhi

Indian economy is likely to grow by 7.3 per cent in next fiscal and the growth will accelerate further to 7.5 per cent in 2019-20 on account of increased investment in infrastructure and waning of the disruptions caused by GST rollout, said global rating agency Fitch. In its Global Economic Outlook...

Competition Comm to probe HMSI for unfair biz practices

Friday, 16 Mar 2018 | PTI | New Delhi

Fair trade regulator CCI has ordered an investigation against Honda Motorcycle and Scooter India (HMSI) for various anti-competitive provisions in its agreement with dealers. It was alleged that HMSI had perpetuated tie-in arrangements, imposed resale price maintenance and maintained a discount control mechanism through the standard form of dealership agreement. After finding...

Plan for timely grant of patents in works: Prabhu

Friday, 16 Mar 2018 | PTI | New Delhi

Commerce and Industry Minister Suresh Prabhu on Thursday said he has directed the Ministry to formulate a plan to grant patents at the earliest. Over 2.32 lakh patent applications were pending with the Indian Patent Office as on November 30 last year. He said that the Ministry is taking steps such...

Telecom watchdog says will complete its most consultations in 2-3 mths

Friday, 16 Mar 2018 | PTI | New Delhi

Telecom regulator TRAI, which is deliberating on crucial issues like spectrum pricing and data privacy framework in telecom sector, hopes to finalise its recommendations on most of the consultations in 2-3 months, a top official has said. “The ongoing consultations will be concluded in a couple of months. I think, the...

Bandhan Bank IPO subscribed 42% on first day

Friday, 16 Mar 2018 | PTI | New Delhi

Bandhan Bank’s Rs 4,473 crore initial public offer was subscribed 42 per cent on the first day of bidding on Thursday. The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 1.26 times, non institutional investors 1 per cent and retail investors 12 per cent. The IPO received bids for 3,50,05,200...

Business Corner

Friday, 16 Mar 2018 | Pioneer

LIC’s north Zone surpasses premium target of 4745 Cr for FY 2017-18 North Zone of LIC comprising of 17 divisions spread over Delhi, Rajasthan, Haryana, Punjab, Himanchal and J&K has completed its annual new business target of First Premium on March 14, 2018 for the FY 2017-18. It has crossed...

FIying woes on: IndiGo, GoAir cancel 50 flights

Thursday, 15 Mar 2018 | PTI | Mumbai

Domestic carriers IndiGo and GoAir cancelled around 50 flights on Wednesday as almost one-third of their A320 Neo aircraft fleet remained grounded for the third day following a safety directive by aviation watchdog DGCA. Of the 48 flights, which are not being operated as part of the curtailed schedule, 42 are...

RBI Guv: Ready to be Neelakantha to cleanse system

Thursday, 15 Mar 2018 | PTI | GANDHINAGAR

Expressing deep anguish over a spate of banking frauds, RBI Governor Urjit Patel said on Wednesday that like the ‘Neelakantha’, the central bank will consume poison and face brickbats, but will persist with endeavour to become better with each trial. Breaking silence over the Rs12,967 crore scam at Punjab National Bank...

Govt extends indexation sop to share sale in unlisted firms

Thursday, 15 Mar 2018 | PTI | New Delhi

Giving some relief to investors, the Government on Wednesday extended indexation benefit for computing tax liability on sale of shares listed after January 31, though capital gains arising from such transactions will continue to be taxed at 20 per cent. The indexation benefit — which takes into account the impact of...


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Business Corner

18 Mar 2018 | PNS

AAI conducts international workshop for utilizing GAGAN In keeping with the Prime Minister’s objective of using technology as a means of development and co-operation, Airports Authority of India has now offered GPS-aided Geo Augmented Navigation (GAGAN) to SAARC and Southeast Asian countries in order to allow them to reap the significant benefits that accrue from such an advanced navigation system. AAI conducted a two-day workshop on March 15 and 16, 2018...

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Bank shooting: ‘Guard not properly trained’

20 Mar 2018 | PNS | Dehradun

Police investigation in the case of a security guard of district cooperative bank in Champawat shot dead two of his colleagues following an altercation on March 16 revealed that the guard Dinesh Bora contracted through a local security agency was not properly trained. Bora had reportedly shot dead the bank cashier Lalit Bisht and peon Rajesh Verma at the bank in Khetikhan...

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