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RBI permits banks to invest in long-term infrastructure bonds

In a bid to boost infrastructure investment, the Reserve Bank today allowed banks to invest in long-term infrastructure bonds issued by other banks. In July 2014, RBI had allowed banks to issue long-term bonds (LTBs) for lending to long-term projects in infrastructure sub-sectors, and affordable housing. However, cross-holding of such bonds amongst banks was not […]

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Mufti Mohammad J&K CM Sayeed meets PM Modi

Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed today called on Prime Minister Narendra Modi to brief him about the situation in the state. This is the first official meeting of Sayeed with the Prime Minister since he became Chief Minister on March 1 and comes in the backdrop of reports of cabinet expansion in […]

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AMC collects food samples from 6 food parlours in Ahmedabad

As per orders from Ahmedabad Municipal Commissioner D Thara in wake of summer season. Food samples from 6 places including in Navrangpura, Maninagar, Odhav, Raipur, Vastrapur and Vadaj areas of Ahmedabad were collected by team of Health Department as per Food Safety and Standard Act 2006. They food rooten mango artificiallly ripened using Carbide powder. […]

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Gujarat’s 20 percent increase in green cover, ranks second in country for largest tree cover outside forest areas

Gujarat Forests & Environment Minister Shri Mangubhai Patel today said that consistent and concerted conservation efforts of the State Government have resulted in a remarkable increase in forest area to 21,674 sq. km which now stands at 11 percent of the state’s total geographical area. Gujarat has achieved great success through people’s participation under the […]

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Salman Khan’s driver has told a lie says prosecutor in hit and run case

Dubbing the driver of superstar Salman Khan as a “liar” for telling the court that he was driving the car and not the actor when it rammed into a bakery shop in September 2002 killing one person, the prosecution today sought action against him (the driver) for giving false evidence. “Ashok Singh is liable to […]

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Gujarat Congress unit submits memorandum to Governor Kohli over GUJCOC Bill in Assembly

Today, Congress leaders including Gujarat Pradesh Pramukh, Bharatsinh Solanki, senior Congress leaders Shankarsinh Vaghela, Shaktisinh Gohil, Siddharth Patel, Gyasuddin Shaikh and other Congress workers and partymen went to Rajbhavan and handed over memorandum to Gujarat Governor OP Kohli in protest of passing GUJCOC bill.  

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BSE Sensex gained 244 pts before RBI meet

Today, The benchmark BSE Sensex gained over 244 points to settle the day at 28,504.46, before RBI’s monetary policy review tomorrow, mainly driven by strong rally in healthcare and realty stocks.Brokers said sustained buying by participants to enlarge their portfolios ahead of the RBI’s bi-monthly policy and appreciating rupee against the dollar buoyed the sentiment.