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 RBI asks banks to brace for high attrition levels
19 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

 Per capita income this year seen up 10% at Rs 7,378 a month
38 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
32 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
32 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

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

Looking to increase fund flows from overseas investors, 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 applic...Read more

 Coal India production jumps 6%
79 Views, 02-02-2015, Courtsey News Live

With coal production increasing over six percent and offtake at only 3.2 percent during the year, logistics and coal evacuation comes into core focus for Coal India.   "Evacuation is growing at 3.5 percent while, production is growing at more than 6.7 percent till January 6 this year. Un...Read more

Saradha chit-fund scam: CBI grills Mukul Roy
34 Views, 30-01-2015, Courtsey News Live

Trinamool Congress general secretary and former railway minister Mukul Roy, considered West Bengal Chief Minister Mamata Banerjee`s right hand man, on Friday appeared before the CBI for questioning in the multi-crore rupee Saradha ponzi scam. "I am here to cooperate with the CBI," said ...Read more

 Coal scam: CBI files progress report involving Hindalco
44 Views, 27-01-2015, Courtsey News Live

The Central Bureau of Investigation (CBI) on Tuesday filesd progress report of its investigation in coal scam case allegedly involving Hindalco in a sealed cover before special court.   The agency has also filed statements of various persons recorded during its probe in the case and has reque...Read more

 Over 9 crore consumers sign up for LPG cash-subsidy scheme
40 Views, 24-01-2015, Courtsey News Live

More than 60 percent of LPG customers in the country have joined the ambitious PAHAL scheme for receiving cash subsidy so that they can buy cooking gas (LPG) at market price.   Over 9 crore consumers, out of a total customer base of 15.33 crore, have joined the Direct Benefit Transfer for LPG...Read more

 India top investment destination for Japanese firms: Survey
37 Views, 17-01-2015, Courtsey News Live

India has emerged as the number one investment destination for Japanese companies with some planning investments of about Rs 75,000 crore cumulatively in the next 2-3 years, says a survey by the Japan Bank for International Cooperation (JBIC).   The poll was conducted in July 2014 and covered...Read more