New Delhi: The government has prepared a comprehensive action plan to crackdown on diversion of highly-subsidised urea to plywood and other industries, and violators could even face a jail term, according to official sources. The Union chemicals and fertilisers ministry will coordinate with other central ministries as well as states to curb the diversions and plans…
New Delhi: The finance ministry on Tuesday said price pressure on food items is expected to be transitory, with tomato prices seeing a decline, but the government and RBI need to step up vigil to deal with elevated inflationary pressure. Enhanced provision for capital expenditure by the government in the current fiscal is now leading…
New Delhi: The CBI has conducted searches at the office of GTL Infrastructure Ltd (GTIL) in Mumbai after registering an FIR against it and unidentified officials of banks in a loan-fraud case of more than Rs 4,000 crore, officials said on Tuesday. The officials of 13 banks are under the agency’s scanner for allegedly assigning Rs…
Mumbai: Facing prospects of his bungalow in Mumbai being auctioned to recover unpaid loans, Bollywood actor Sunny Deol has offered to settle all outstanding dues, prompting state-owned lender Bank of Baroda to drop auction proceedings for the property. The lender issued a statement on Monday, saying that Deol has offered to settle the dues, hours…
Mumbai: State-owned Bank of Baroda has put on the block a property owned by actor and sitting BJP Member of Parliament Sunny Deol to recover Rs 56 crore through an e-auction to be held on August 25. The Gurdaspur MP, whose latest flick Gaddar 2 is a box office success having already grossed over Rs…
Mumbai: Veteran industrialist Ratan Tata was on Saturday conferred the first ever ‘Udyog Ratna’ award instituted by the Maharashtra government. The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist’s home in Colaba, south Mumbai. The honour comprised…
New Delhi: The total number of Jan Dhan accounts in the country has crossed 50 crore-mark, with 56 per cent of the accounts belonging to women, the finance ministry said on Friday. About 67 per cent of these accounts have been opened in rural and semi-urban areas, it said in a statement. The total deposits in…
Mumbai: India’s foreign exchange reserves jumped USD 708 million to USD 602.161 billion for the week ended August 11, the Reserve Bank of India (RBI) said on Friday. This is the first increase in the kitty after declining for three consecutive weeks. In the previous reporting week, the overall reserves had declined USD 2.417 billion to…
Bengaluru: India received a boost ahead of the Asia Cup and the ODI World Cup as KL Rahul on Friday underlined his readiness to return to international cricket while batting and wicketkeeping for an extended period during the match simulation at the NCA. In this scenario, Rahul will, in all probability, travel to Sri Lanka for…
Mumbai: Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank’s comfort zone of 6 per cent, said an article in the RBI’s monthly bulletin released on Thursday. The consumer price index (CPI) based retail inflation shot up significantly to 7.44 per cent in July, from…
