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Petrol up Rs 1.34 a litre, diesel by Rs 2.37
122 Views, 15-10-2016, Courtsey News Live

: Petrol price was today hiked by Rs 1.34 a litre, the fifth increase in two months, and diesel by Rs 2.37 a litre on back of spike in global rates.  The hike announced by oil companies is excluding state levies. After including local VAT, petrol will now cost Rs 66.05 a litre in Delhi from m...Read more

Sensex back in green, recovers 21 points ahead of IIP data
73 Views, 10-10-2016, Courtsey News Live

: After a three-session losing spell, market benchmark Sensex on Monday recovered over 21 points in a choppy trade to end at 28,082.34, helped by gains in metal, consumer durables and IT stocks as participants widened their bets ahead of macro economic data. Optimistic purchases ahead of August IIP...Read more

India’s forex reserves touch record high of $372 billion
230 Views, 09-10-2016, Courtsey News Live

: India\’s foreign exchange reserves scaled a new high of US $371.99 billion, up US $1.223 billion for the week to September 30, as per the Reserve Bank data. The central bank said the increase was primarily on account of a US $1.468-billion surge in the foreign currency assets. In the previo...Read more

Finance Ministry keen to present budget on February 2 or earlier
107 Views, 06-10-2016, Courtsey News Live

: Looking at advancing the date of Budget presentation to February 2 or even earlier, the Finance Ministry on Thursday briefed a Parliamentary panel on the proposed change as also the government\’s decision to merge railway budget with general budget. Explaining the objective behind the propo...Read more

Loan EMIs may fall as RBI cuts repo rate by 25 basis points
76 Views, 04-10-2016, Courtsey News Live

: In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25 per cent to six-year low of 6.25 per cent in a unanimous decision by the new rate-setting panel MPC. The cut, first in six months, came amidst big clamour for easing rates especially after ...Read more

 RBI Governor Urijit Patel to present maiden monetary policy today
74 Views, 04-10-2016, Courtsey News Live

:30 pm after the MPC meeting.   Experts are of the opinion that given the price situation, panel is expected to keep rates unchanged to meet the targeted inflation of 4 percent with the margin of 2 percent on either side.   August retail inflation eased to a 5-month low of 5.05 percent...Read more

 800-crore Delhi-Haryana pod taxi project to commence soon
80 Views, 03-10-2016, Courtsey News Live

  The ambitious pod taxi project is all set to move into fast lane, with the government deciding to execute it under NHAI and four global firms qualifying in initial bids.    The project -- also known as Personal Rapid Transit (PRT) or Metrino -- is one of its kind globally.  ...Read more

RBI unlikely to cut rates in policy review on Tuesday: Experts
75 Views, 02-10-2016, Courtsey News Live

: Ahead of RBI\’s monetary policy review on Tuesday, that will be the first by the newly-set up Monetary Policy Committee as well as by new Governor Urjit Patel, experts said it is unlikely to lower rates at its maiden review as it awaits more data on inflation. "RBI may choose to wait f...Read more

 Petrol price up by 28 paise a litre; diesel cut by 6 paise
111 Views, 01-10-2016, Courtsey News Live

  Petrol price was hiked on Friday by 28 paise a litre while diesel rate was cut by 6 paise per litre in line with international trends. The new rates will be applicable from midnight of September 30, 2016 and October 01, 2016.   Price of non-branded petrol in Delhi will cost Rs 64.58 a...Read more