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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Headline News
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 […]
RBI retains policy rate to manage food inflation
Reserve Bank Governor Raghuram Rajan today kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts. The repo rate, at which RBI lends to the banking system, will continue to be at 7.5 per cent and the […]
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. […]
Ahmedabad Airport tops in passenger facility: ACI survey
Ahmedabad Airport tops and receives award for the best in passenger facilities like waiting lounge, parking and others as per Airports Council International (ACI) survey for the year 2014.
Ahmedabad’s fraud tour operators remanded till Apr 9
On Saturday night, for a fraud by father-son tour operator from trust based tour to Kathmandu in Railway have been remanded till April 9 by Ahmedabad Metro Court. A fraud of 1 crore plus needs to be probed for 1200 pilgrims.
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 […]
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 […]
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.
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.











