The government is considering allowing banks to utilise gold mobilised under the monetisation scheme for meeting mandatory liquidity requirements set by the Reserve Bank. “To incentivise banks, it is proposed that they may be permitted to deposit the mobilised gold as part of their CRR/SLR requirements with RBI. This aspect is still under examination,” a […]
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Business
Arun Jaitley:Corruption Gone from India’s political dictionary
Finance Minister Arun Jaitley today said corruption has been removed from India’s political dictionary under Prime Minister Narendra Modi and that there is a thrust towards reforms and liberalisation without crony capitalism and harassment. Marking a year in office of the BJP-led NDA government at the Centre, he launched an all-round attack on UPA government […]
Arun Jaitley:Reasonable taxation, ease of doing business govt’s priority
Minister Arun Jaitley on Sunday outlined the road map for the second year of the NDA government which includes making taxation more reasonable and improving the ease of doing business in India. Maintaining the speed of reforms and eliminating discretions would be the thrust areas of the government going forward as it completes one year […]
Fuel prices up: Petrol increases by Rs 3.13 and Diesel by Rs 2.71 per litre
Prices of fuel including petrol and diesel have increased by Rs 3.13 for petrol and Rs 2.71 for diesel per litre. New rates will be effective from tonight.This is the second straight steep increase in rates this month. New fuel rates for Petrol in Ahmedabad will be Rs 69.68, in Rajkot it will be Rs […]
PM Modi announces e-visas for Chinese tourists at Tsinghua University
In a confidence building measure, Prime Minister Narendra Modi on Friday announced that India will grant e-visas to Chinese tourists. “We have decided to extend electronic tourist visas to Chinese nationals,” Modi said addressing students and faculty at the prestigious Tsinghua University in Beijing. Hours before the PM’s announcement, foreign secretary S Jaishankar had said […]
India and China signs 24 agreements worth $10 billion
India and China on Friday signed a record 24 agreements in key sectors, including in railways and education on day two of Prime Minister Narendra Modi’s first visit to the communist neighbour. Protocol for setting up Consulates-General at Chengdu and Chennai besides a memorandum of understanding on consultative mechanism for cooperation in trade negotiations were […]
Singapore Delegation visits Gujarat minister Vijay Rupani
Today in Gandhinagar , Singapore Delegation visits Gujarat Minister of Water Supply, Vijay Rupani. Purpose of visit was to Study and conduct Research about Water supply Department in Gujarat by the delegation.
Govt committed to passage of GST in July says Finance Manager
Hitting out at opposition for dragging its feet on the GST Bill, Finance Minister Arun Jaitley today said “nobody should get a thrill by delaying GST” as the proposed indirect tax reform would improve revenue and growth. He also said “we must pass it come what may in July”. The GST Bill, which was approved […]
Black Money Bill cleared in Lok Sabha today
The undisclosed foreign income and assets bill 2015 has been passed in Lok Sabha. The bill, which provides for penalty and tax up to 120 percent along with criminal prosecution for those who have parked black money abroad, was passed in the Lower House of Parliament. Finance Minister Arun Jaitley, who moved the bill in […]
PM Modi launches PM Suraksha Bima Yojana, PM Jeevan Jyoti Bima Yojana, Atal Pension Yojna
The Prime Minister, Narendra Modi at the launch of the three Social Security Schemes, “Pradhan Mantri Jeeven Jyoti Bima Yojana”, Pradhan Mantri Suraksha Bima Yojana”, and “Atal Pension Yojana”, at Nazrul Manch, in Kolkata on May 09, 2015. The Governor of West Bengal, Shri Keshari Nath Tripathi, the Chief Minister of West Bengal, Kumari Mamata […]