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 Union Finance Secretary releases Rupee 1 notes
38 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

 Monetary policy to now target inflation, to be 6% by Jan 2016
23 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
44 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
25 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

 RBI asks banks to brace for high attrition levels
23 Views, 21-02-2015, Courtsey News Live

 With the banking sector being thrown open to niche as well as more private players, RBI deputy governor R Gandhi on Friday warned the industry to brace for higher attrition, being already faced by highly unionized public sector lenders.   "We\'ve been telling banks to expect people...Read more

 Aditya Birla group firm Hindalco wins another coal mine
44 Views, 19-02-2015, Courtsey News Live

Aditya Birla group firm Hindalco Industries has won the Gare Palma IV/5 mine in Chhattisgarh by outbidding companies like BALCO, Sesa Sterlite, Ambuja Cements, which were also vying for the same block.   "Gare Palma IV/5 mine was won by Hindaco Industries at Rs 3,502 per tonne today. The...Read more

 Coal block auction begins: Ambanis, Adanis in the race
47 Views, 14-02-2015, Courtsey News Live

Auction of coal blocks began on Saturday for the first time with corporate honchos Ambanis, Adanis and Birlas queuing up for the two mines being offered on day one.   After clearing the technical bidding stage, entities from Reliance, Adani, Essar, GMR, Vedanta and Aditya Birla groups became ...Read more

 Per capita income this year seen up 10% at Rs 7,378 a month
42 Views, 10-02-2015, Courtsey News Live

 India\'s monthly per capita income, the measure of standard of living, is likely to be at Rs 7,378.17 (USD 118.68) this financial year, up over 10 percent from last year, after a revision in the method of calculations.   In the previous fiscal, the per capita income estimated to have gr...Read more

 Telecom subscriber base reaches all-time high at 97 crore
38 Views, 08-02-2015, Courtsey News Live

Telecom subscriber base of the country reached all-time high of 97 crore at the end of December 2014, as per the latest report by regulator TRAI.   "The number of telephone subscribers in India increased from 964.20 million at the end of November, 2014 to 970.97 million at the end of Dec...Read more

 Sebi amends FPI norms for government bonds
44 Views, 06-02-2015, Courtsey News Live

Sebi on Thursday allowed Foreign Portfolio Investors to invest their coupons received on investments in government securities back into such bonds.   These investments would be allowed even after the FPIs having fully utilised the applicable limits of USD 30 billion, Sebi said in a circular. ...Read more