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 India to import Iraqi oil to fill strategic reserves
30 Views, 19-03-2015, Courtsey News Live

 India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.   India`s SPR purchases could temporarily help offset the impact of an expected pau...Read more

 Google CFO Patrick Pichette to retire
28 Views, 12-03-2015, Courtsey News Live

Google Senior Vice President and Chief Financial Officer Patrick Pichette on Wednesday announced his plans to retire from the global tech giant.   On his personal Google+ page, the 52-year old announced his plans and said he intends to go backpacking with his wife, Tamar, post retirement. &n...Read more

25 Views, 12-03-2015, Courtsey News Live

Google Senior Vice President and Chief Financial Officer Patrick Pichette on Wednesday announced his plans to retire from the global tech giant.   On his personal Google+ page, the 52-year old announced his plans and said he intends to go backpacking with his wife, Tamar, post retirement. &n...Read more

 Info on black money abroad has led to penalties: Govt
40 Views, 11-03-2015, Courtsey News Live

: "The government has announced in the Budget speech 2015 features of a comprehensive new law to be enacted specifically to deal with black money stashed abroad."   There is no official estimation of amount of black money abroad, he added.   The government had commissioned a ...Read more

 Union Finance Secretary releases Rupee 1 notes
29 Views, 09-03-2015, Courtsey News Live

Union Finance Secretary Rajiv Mahrishi has released new Rupee 1 notes at Srinathiji temple in Nathdwara after offering prayers, a temple spokesman said.   A bundle of new notes of Re 1 denomination was presented at the feet of Srinathji by Mahrishi who arrived here on March 6 with his wife Me...Read more

 Spectrum auction: Govt garners bids worth Rs 77,000 cr
29 Views, 07-03-2015, Courtsey News Live

: 2,100 megahertz (Mhz), 1,800 MHz, 900 MHz and 800 Mhz.   On the third day today, operators continued aggressive bidding in 900 MHz band with price increment in various circles whereas there was not much bidding in Mumbai, Delhi, Karnataka and Andhra Pradesh circles in the 2,100 MHz band. &...Read more

 RBI surprises with 0.25% repo rate cut; loans to get cheaper
30 Views, 04-03-2015, Courtsey News Live

 The Reserve Bank of India (RBI) on Wednesday morning announced a surprise cut in repo rate.    The central bank has slashed the repo rate by 25 basis points to 7.50 percent from 7.75 percent.The move comes days after Finance Minister Arun Jaitley unveiled the Union Budget 2015-16 i...Read more

 Monetary policy to now target inflation, to be 6% by Jan 2016
17 Views, 02-03-2015, Courtsey News Live

The Finance Ministry and the Reserve Bank have agreed to inflation rate targeting under which the apex bank will aim to lower retail inflation to 6 per cent by January 2016 and further to around 4 per cent by March next year.   The monetary policy framework agreement as signed on February 20 ...Read more

 Rail Budget 2015: Expectations from the Railway Minister
34 Views, 26-02-2015, Courtsey News Live

:   Rail connectivity tops the expectations chart of every region. However, in far flung states of the Northeast region, rail connectivity remains an issue even after 67 years of Independence. It is expected that the region will be connected by rail, and efforts are being made in this area at...Read more

 Rail Budget 2015: Less than 100 trains likely to get green signal
14 Views, 23-02-2015, Courtsey News Live

With Railways reeling under a financial crunch, the number of new trains to be announced in the Rail Budget is unlikely to be more than 100, much less than what is the normal practice every year.   Rail Minister Suresh Prabhakar Prabhu, who is considered to be pro-reform, is unlikely to annou...Read more