India releases agriculture census data for 2015-16; female participation rising in farm sector
NEW DELHI:The government of India on Monday released agriculture census for 2015-16 that showed a 1.53 per cent decline in total operated area at 157.14 million hectare as compared to 2010-11 data, but a rise in both operational holdings and female participation. The average size of operational holding declined to 1.08 hectares (ha) in 2015-16 […]
Arun Jaitley defends loan write-offs; says they don’t lead to waiver, recovery still pursued
NEW DELHI: India’s Finance Minister Arun Jaitley on Monday defended loan write-offs by public sector banks, saying they do not lead to loan waivers and the exercise helps lenders clean up their balance sheets and achieve taxation efficiency. He said public sector banks have recovered Rs 36,551 crore of bad loans or NPAs during April-June […]
Air India to sell 14 properties; eyes Rs 250 crore
NEW DELHI: National carrier Air India on Monday sought bids for the sale of 14 properties, through which the debt-laden airline aims to raise Rs 250 crore, a senior airline official said. The government is looking to bolster the fortunes of the state-run carrier after the proposed strategic stake sale failed to take off in […]
Gram Sabhas to inform farmers about Pradhan Mantri Fasal Bima Yojna
NEW DELHI: Gram Sabhas across the country have been asked to inform the farmers about the enrolment and benefits of Pradhan Mantri Fasal Bima Yojan (PMFBY) at the beginning of the Rabi Season today. The Gram Sabhas will also inform the farmers on how they can insure their crops under the Scheme. The Ministry of […]
GST Revenue collection for September 2018 crossed Rs 94,000 crore
NEW DELHI: The total gross GST revenue collected in the month of September, 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. 21,061 crore, IGST is Rs. 50,070 crore (including Rs. 25,308 crore collected on imports) and Cess is Rs. 7,993 crore (including Rs. 769 crore collected on imports). […]
FPI outflow hits 4-month high of Rs 21,000 crore in September
NEW DELHI: Overseas investors pulled out a massive Rs 21,000 crore ($3 billion) from the capital markets in September, making it the steepest outflow in four months, on widening current account deficit amid global trade tensions. The latest withdrawal comes following a net infusion of close to Rs 5,200 crore in the capital markets (both […]
Punjab hopes to procure 200 lakh metric tonne paddy
CHANDUGARH: Punjab is hoping to procure 200 lakh metric tonne of paddy during the Kharif marketing season starting tomorrow with necessary arrangements having been made for their smooth and hassle free procurement, officials said. Punjab food and civil supplies minister Bharat Bhushan Ashu Sunday directed the heads of the state procurements agencies as well as […]
Government owes Air India over Rs 1146.86 crore for VVIP charter flights
NEW DELHI: The total outstanding of cash-strapped Air India towards government for VVIP charter flights stands at Rs 1146.86 crore, according to the latest response from the national carrier to an RTI application. According to the details furnished by the Air India on September 26 to applicant Commodore Lokesh Batra (retd), the Defence Ministry has […]
Bank of Baroda, Vijaya Bank approve merger proposal to create second largest PSU lender
NEW DELHI: The boards of state-run Bank of Baroda (BoB) and Vijaya Bank on Saturday gave in-principle approvals for their amalgamation with another lender Dena Bank, a move that would create the second-largest entity in the PSU banking space. Earlier this month, the government announced the merger of Bank of Baroda, Vijaya Bank and Dena […]
Narendra Modi inaugurates LNG terminal and pipeline projects at Anjar
NEW DELHI: The Prime Minister of India Narendra Modi today inaugurated the Mundra LNG terminal, the Anjar-Mundra Pipeline Project and the Palanpur-Pali-Barmer pipeline project in Gujarat’s Anjar. Speaking on the occasion, the Prime Minister said that the affection he receives in Kutch is unparalleled. He appreciated the development work that has happened in the Kutch […]
Smart cities must have a vector control component, says Health Ministry Official
NEW DELHI: The smart cities must have a vector control component which needs to be included in strategic planning for urban development, said a top government official from Ministry of Health & Family Welfare at ASSOCHAM Dialogue on Protecting Communities: Vector Control in Action summit held in New Delhi . Globally, around 80% of the […]
Developed nations must lift the deprived with financial, technical resources: India at UN
UNITED NATIONS:India on Saturday told the UN General Assembly that countries that have exploited the nature for their immediate needs cannot abdicate their responsibilities and developed nations must lift the deprived with financial and technical resources. Under-developed and developing nations are the worst victims of climate change and these neither have the capacity nor the […]
Vijaya Bank board approves merger proposal with Bank of Baroda, Dena Bank
NEW DELHI: The board of state-run Vijaya Bank on Saturday gave in-principle approval for its merger with Bank of Baroda along with another PSU lender Dena Bank. Earlier this month, the government announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country’s second-largest public sector bank by assets and […]
China should do more investment in India than focussing on exports: Amitabh Kant
NEW DELHI: NITI Aayog CEO Amitabh Kant on Friday urged the Chinese firms to raise their funding in Indian start-ups and said instead of focusing on exports to India they should look for raising their investments. The Chinese companies should catch up in terms of investing more in India, he said. “China remains the 17th […]
SEBI slaps Rs 70 lakh fine on Regency Hospital, directors
NEW DELHI: Securities and Exchange Board of India (SEBI) has slapped a total penalty of Rs 70 lakh on Uttar Pradesh-based Regency Hospital as well as its two promoters for fraudulent trading in the company’s shares. In two separate orders issued on Friday, Sebi imposed fine of Rs 15 lakh on Regency Hospital, and Rs […]
India, Uzbekistan to cement economic ties
NEW DELHI: Issues including tariff reduction to promote trade, setting up of a business council, and expansion of economic relation will be discussed during the upcoming visit of Uzbekistan President Shavkat Mirziyoyev to India. The first visit of the Uzbek President will take place early next week. “As part of intensification of economic dialogue, we […]