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  • NHB disburses Rs 3,270 cr to 1.43 lakh beneficiaries under PMAY till Nov 28

    30 November, 2018 12:08 AM 126

    NHB is the central nodal agency for the implementation of the CLSS. New Delhi: National Housing Bank (NHB) said Wednesday it has disbursed Rs 3,270 crore subsidy to more than 1.43 lakh households so far this year under the Credit Linked Subsidy Scheme (CLSS) of the PM Awas Yojana (PMAY). "This has exceeded the cumulative amounts over the past three years

  • Niti Aayog Vice-Chairman accepts Chidambaram's 'challenge' on revised GDP data

    29 November, 2018 9:24 PM 153

    New Delhi: Niti Aayog Vice-Chairman Rajiv Kumar Thursday accepted the challenge of former finance minister P Chidambaram for a 'debate' on the revised GDP data which showed economic growth during the current NDA regime was better than that in the UPA rule. Responding to Chidambaram's tweet, Kumar said that he has accepted the challenge. Chidambaram had termed

  • Agriculture Ministry withdraws report from Parliamentary panel on impact of note ban on farmers

    29 November, 2018 6:27 PM 164

    New Delhi: The Agriculture Ministry has withdrawn from the Parliamentary Standing Committee on Finance its report that suggested the government's shock decision to demonetise old Rs 500/1,000 notes in November 2016 affected farmers' community, according to some committee members. A panel chaired by senior Congress leader M Veerappa Moily had met Tuesday

  • Govt to retain Rs 17k cr from CPSE ETF subscription

    29 November, 2018 2:56 PM 169

    NTPC, SJVN, NLC and NBCC are the new entrants in the ETF basket. New Delhi: The government is likely to retain Rs 17,000 crore from the ongoing CPSE ETF follow on offer, as against the original offer size of Rs 14,000 crore, an official said Wednesday. "We will retain subscription to the tune of Rs 17,000 crore in the follow on fund offer (FFO) of CPSE ETF," the official

  • Toyota to increase car prices by up to 4% in January

    28 November, 2018 6:34 PM 106

    Toyota will hike car price due to the continued pressure of high costs. New Delhi: Automobile manufacturer Toyota Kirloskar Motor has said that it will increase prices by up to four percent effective January 1. The company said that it considered the price hike after periodically reviewing the continuous pressure of increasing manufacturing costs, which

  • Buxar-Varanasi MEMU train flagged off

    28 November, 2018 1:50 PM 112

    New Delhi: The 16-coach Buxar-Varanasi MEMU train was officially flagged off on Wednesday. Minister of State for Railways Manoj Sinha flagged off one pair of 63229/63230 Buxar-Varanasi MEMU. This train will provide additional end to end connectivity between Buxar and Varanasi, an official statement said. Buxar-Varanasi MEMU train will run daily to cover

  • IFCI gets Rs 492 cr for Binani Cement resolution under IBC

    27 November, 2018 8:54 PM 130

    On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement. New Delhi: Infrastructure term lender IFCI Monday said it has received Rs 492 crore towards security receipts under the IBC resolution plan for Binani Cement. "On account of resolution of Binani Cement through NCLT, IFCI, which is holding 42,16,850 security

  • RBI eases hedging norms for ECBs

    27 November, 2018 10:30 AM 103

    Mumbai: The Reserve Bank Monday relaxed norms for external commercial borrowings (ECBs) by reducing the mandatory hedging provision to 70 percent from the current 100 percent. The relaxed norms will apply to the ECBs with a maturity period between 3 and 5 years, the central bank said in a notification. "On a further review of the extant provisions, it has been decided

  • Market opens flat, Nifty retains 10,600

    27 November, 2018 5:55 AM 121

    Asian shares battled to extend a global rebound on Tuesday after US President Donald Trump seemed to quash hopes of a trade truce with China. New Delhi: Stock markets opened flat to negative on Tuesday though the NSE Nifty held on to 10,600 level. The BSE Sensex fell 41.84 points or 0.12 percent to 35,312.24 in early trade while the NSE Nifty dropped

  • IndiGo to charge passengers for web check-in, DGCA says reviewing the fees structure

    26 November, 2018 4:33 PM 144

     Passengers will have to shell out up to Rs 800 extra if they opt for web check-in. New Delhi: Passengers taking budget carrier IndiGo will have to shell out extra if they opt for web check-in, following the airline's revised policy. Responding to a tweet enquiry on check-in charges, Indigo said that web check-in will be chargeable while airport check-in