National Bank for Agriculture and Rural Development (NABARD) reduced refinance rate for banks and other lending agencies by 0.20 % to promote rural credit and rural infrastructure. Revised...
India’s Ministry of Environment and Forests (MoEF) has given environmental clearance to South Korean steel manufacturer POSCO for its Rs 52,000 crore steel plant in Odisha. The company who made the largest...
Well-known Social activist Ila Pathak (80) passed away. Ila Pathak: Born in 1933, she was an active member of Movement for Secular Democracy (MSD) and vice-president of Peoples’ Union...
On the eve of Petrotech Conference, the Government has given a respite to the gas exploration industries by notifying the new Gas Pricing Formula which will double the rate...
The Union Finance Minister P. Chidambaram stated that in order to take the banking services to rural areas, the Centre has revised its target upwards to opening 10,000...
The Reserve Bank of India (RBI) has eased the norms for extending loans against gold jewellery as collateral. It has decided to raise the Loan-To-Value (LTV) cap for...
The market regulator, Securities and Exchange Board of India (SEBI) made it compulsory for all investments into Collective Investment Scheme (CIS) funds to be made through banking channels,...
A high-level panel of the Reserve Bank of India (RBI) has suggested that the central bank should gradually abolish the Statutory Liquidity Ratio (SLR), the portion of deposits...
The Reserve Bank of India (RBI) has granted permission to Indian companies to issue non-convertible or redeemable preference shares or debentures to non-resident shareholders from their general reserves as...
President of India Mr. Pranab Mukherjee has given his assent to the Lokpal and Lokayuktas Bill, 2013. This approval renders the Bill to turn into an Act. The...
