RBI cuts lending rate by 0.25%, banks and corporates react positively
Feb 07, 2019, at 05:19 pm
New Delhi, Feb 7 (IBNS): The Reserve Bank of India (RBI) on Thursday cut repo rate- the rate at which the central bank lends money to commercial banks- by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect, evoking some positive responses from the corporate sector.
Union Budget has quite a few positives to take away: Jaiswal
Feb 07, 2019, at 02:58 pm
Kolkata, Feb 6 (IBNS): Laxman Jaiswal, Chairman & Managing Director, Ascon Indrastructure India Ltd, has said that there were quite a few positives as a take away from the Union Budget presented by the Centre on Feb 1.
Loans may get cheaper as RBI cuts lending rate by 0.25%
Feb 07, 2019, at 12:39 pm
New Delhi, Feb 7 (IBNS): Lending rates and home loans could become cheaper with the Reserve Bank of India on Thursday reducing the repo rate by 25 basis points, or 0.25 per cent.
Jet Airways introduces a staggered penalty framework on its domestic network
Feb 07, 2019, at 10:02 am
Mumbai, Feb 7 (IBNS): Jet Airways, India's premier, full-service international airline, today introduced a dynamic, guest-friendly, tiered framework that will reward its domestic guests with substantially lower penalties in exchange for advanced intimation for changes in their bookings including cancellations, changes as well as refunds.
Techstars' first accelerator in India kicks off in Bangalore
Feb 06, 2019, at 11:42 pm
Bengaluru, Feb 5 (IBNS): The first Techstars mentorship-driven accelerator to be held in India, Techstars Bangalore Accelerator, kicked off in Bengaluru this week.
Assam budget: Govt to set up development corporation for indigenous Muslims
Feb 06, 2019, at 07:46 pm
Guwahati, Feb 6 (IBNS): The Assam government will set up a separate Development Corporation for the indigenous Muslims in the state.
CIL supplies to power sector receives a growth of 7.3 %
Feb 06, 2019, at 07:35 pm
New Delhi, Jan 6 (IBNS): Coal India Ltd. has supplied 407.02 MT coal to power sector during current year up to 04.02.2019thereby achieving a growth of 7.3% over the same period of last year.As on 04.02.2019, the averagerake loading of CIL to Power Sector including loading fromWashery& Good-Shed is 252.5 Rakes/day, which is an impressive growth of 13% over same period of last year.
Assam Finance minister presents Rs 1193 crore deficit state budget
Feb 06, 2019, at 07:26 pm
Guwahati, Feb 6 (IBNS): Assam Finance Minister Dr Himanta Biswa Sarma on Wednesday presented the state budget for the financial year 2019-20 in the Assam Legislative Assembly.
Pioneering tech innovation to up customer satisfaction
Feb 06, 2019, at 02:51 pm
Mumbai, Feb 4 (IBNS): AI technology firm Arya.ai, a front runner in providing Artificial Intelligence solutions for the BFSI industry, has been chosen by ICICI Lombard to implement its Deep Learning and Neural Networks platform to cut down processing time for health insurance customers needing hospitalization.
PNB posts 7.12 pc YoY profit at Rs. 247 crore in Q 3
Feb 05, 2019, at 02:56 pm
New Delhi, Feb 5 (IBNS) : The state-run Punjab National Bank (PNB), plagued by a whopping 2 billion dollar fraud, posted a surprise profit in October-December quarter, aided by lower provisioning for bad loans.
Uber partners with Ministry of Road Transport and Highways to raise safety awareness
Feb 04, 2019, at 06:35 pm
Kolkata, Feb 4 (IBNS): Uber, an on-demand ride-sharing company, marked the 30th National Road Safety Week by reiterating its commitment to the cause and launching a comic series drafted by the authors of Amar Chitra Katha Media and Tinkle Comics to reach young audiences in India.
GST revenue collected in January stands at Rs. 1,02,503 crore, shows reversal in declining trend
Feb 02, 2019, at 03:41 pm
New Delhi, Fb 2 (IBNS): Reversing the declining trend of two months, the revenue collected under the Goods and Services Tax (GST) showed significant improvement as the figure stood at Rs. 1,02,503 crore in January, official data released on Saturday said.
Tata Motors domestic sales recorded 54,915 units in January 2019
Feb 01, 2019, at 06:39 pm
Mumbai, Feb 1 (IBNS): As muted consumer sentiments continued in January 2019, Tata Motors Commercial and Passenger Vehicles Business sales in the domestic market witnessed a drop of 8% at 54,915 units as against 59,441 units sold over last year.
Feb 01, 2019, at 05:25 pm
New Delhi, Feb 1 (IBNS): An amount of Rs.1330 Crore has been provided in the Interim Budget for 2019-20 for the Mission for Protection and Empowerment for Women.
Union Budget: Indian government allocates Rs.64,587 Crore for Railways in 2019-20
Feb 01, 2019, at 05:17 pm
New Delhi, Feb 1 (IBNS): In the Interim Budget 2019-20, the Railways has been allocated Rs.64,587 crore.
One Lakh villages to go digital over next five years: Govt
Feb 01, 2019, at 05:15 pm
New Delhi, Feb 1 (IBNS): India having emerged as the world leader in the consumption of mobile data, the Government on Friday said it is now aiming to widen its impact by reaching out to the interior and rural areas.
Feb 01, 2019, at 05:01 pm
New Delhi, Feb 1 (IBNS): The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs 1,30,000 crore to tax, said Finance Minister Piyush Goyal.
Feb 01, 2019, at 04:52 pm
New Delhi, Feb 1 (IBNS): The Indian government on Friday said it has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative.
Feb 01, 2019, at 04:46 pm
New Delhi, Feb 1 (IBNS): The Goods and Services Tax (GST) reforms has resulted in increased tax base, higher collections and ease of trade, Union Finance Minister Piyush Goyal said on Friday.
India now 6th largest economy in the world with high growth: FM Piyush Goyal
Feb 01, 2019, at 04:38 pm
New Delhi, Feb 1 (IBNS): Under the leadership of the Prime Minister Narendra Modi, the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the World in 2013-14, said Union Finance Minister Piyush Goyal on Friday.
Union Budget: Highest ever growth of 42% recorded in minimum wages of labours during last 5 years
Feb 01, 2019, at 04:32 pm
New Delhi, Feb 1 (IBNS): During the last 5 years, the minimum wages of labours of all classes have been increased by 42% which is the highest increase so far, revealed Union Finance Minister Piyush Goyal while presenting the budget on Friday.
Industry reacts largely positively to Piyush Goyal's Interim Budget 2019
Feb 01, 2019, at 04:27 pm
New Delhi, Feb 1 (IBNS) In response to the interim Union Budget 2019 presented by Finance Minister Piyush Goyal on Friday, the corporate sector reacted with mostly positivity.
Union Budget: Government proposes to launch pension scheme for unorganised sector workers
Feb 01, 2019, at 04:18 pm
New Delhi, Feb 1 (IBNS): The Government on Friday proposed to launch a mega pension yojana namely 'Pradhan Mantri Shram-Yogi Maandhan'for the unorganised sector workers with monthly income upto Rs. 15,000.
Union Budget: Fiscal deficit pegged at 3.4% of GDP for 2019-20
Feb 01, 2019, at 04:13 pm
New Delhi, Feb 1 (IBNS): The Interim Budget 2019-20 has pegged the fiscal deficit for the year 2019-20 at 3.4% of GDP.
Income upto Rs 5 lakh to get full tax rebate: FM Goyal announces in Budget
Feb 01, 2019, at 04:11 pm
New Delhi, Feb 1 (IBNS): Individual taxpayers having taxable annual income up to Rs.5 lakhs will get full tax rebate and therefore will not be required to pay any income tax, Union Finance Minister Piyush Goyal announced while presenting the budget on Friday.
Feb 01, 2019, at 04:05 pm
New Delhi, Feb 1 (IBNS): To provide assured income support to the small and marginal farmers, the Government said it is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
15.56 Crore Loans amounting to Rs. 7,23,000 crore disbursed under Mudra Yojana
Feb 01, 2019, at 03:32 pm
New Delhi, Feb 1 (IBNS) : Under MUDRA Yojana, 15.56 crore loans have been disbursed amounting to Rs. 7,23,000 crore.
Committee under Niti Aayog to be set -up
Feb 01, 2019, at 02:36 pm
New Delhi, Feb 1 (IBNS) : A Committee under NITI Aayog will be set-up to complete the task of identifying De-notified, Nomadic and Semi-Nomadic communities not yet formally classified.
Budget 2019: Income tax exemption limit raised to Rs. 5 lakh
Feb 01, 2019, at 12:59 pm
New Delhi, Feb 1 (IBNS) : Union Finance Minister Piyush Goyal proposed rise in the income tax exemption limit to Rs. 5 lakh as he presented the National Democratic Alliance Government's sixth and final budget on Friday.
FM Goyal promises Rs 6,000 a year for small farmers in Interim Budget
Feb 01, 2019, at 12:18 pm
New Delhi, Feb 1 (IBNS): Amid expectations of big ticket benefits for distressed farmers ahead of general elections, Finance minister Piyush Goyal on Friday announced that the Centre would give Rs 6,000 a year to vulnerable farmers.