Government to inject competition in the power distribution sector: Power Secretary
Permalink
Economy

Government to inject competition in the power distribution sector: Power Secretary

New Delhi: Power Secretary Ajay Kumar Bhalla said that the government is injecting competition in the power distribution sector through content and carriage reforms to make the supply…

Continue Reading →

Rupee Continues to Plunge, On the Verge of Hitting 73 Mark Against Dollar
Permalink
Economy

Rupee Continues to Plunge, On the Verge of Hitting 73 Mark Against Dollar

New Delhi: It seems the Indian Rupee won’t wait for the year end to reach to the 73 mark against the US Dollar. On Wednesday, the Indian currency…

Continue Reading →

WhatsApp Payments Plan in Limbo Due to Regulatory Entanglements
Permalink
Economy

WhatsApp Payments Plan in Limbo Due to Regulatory Entanglements

Bengaluru: It seems that the plan of launching payments in India by WhatsApp is in limbo due to regulatory and political entanglements. As per the industry experts, the…

Continue Reading →

Rupee Continues to Hit Fresh Low, Fuel Price Still Rising High
Permalink
Economy

Rupee Continues to Hit Fresh Low, Fuel Price Still Rising High

New Delhi: Indian Rupee has hit the fresh low as it opened 36 paise down against the US Dollar at 72.10 on Monday. On the backdrop of the…

Continue Reading →

Amid Global Cues and Low Demand Gold Slips by Rs 100
Permalink
Economy

Amid Global Cues and Low Demand Gold Slips by Rs 100

New Delhi: Falling for the second straight day, gold prices declined by Rs 100 to Rs 31,350 per 10 grams at the bullion market Saturday on a sluggish…

Continue Reading →

Petrol Prices Cross Rs 80 Mark in Delhi
Permalink
Economy

Petrol Prices Cross Rs 80 Mark in Delhi

New Delhi: Petrol prices witnessed the lifetime hike as the prices cross Rs 80 mark in the capital on the backdrop of 39 paise increase in the prices…

Continue Reading →

One Crore Fine Imposed on Union Bank of India by RBI
Permalink
Economy

One Crore Fine Imposed on Union Bank of India by RBI

New Delhi: The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.…

Continue Reading →

Marginal Recovery Shown by Indian Rupee as it improves by 29 paise
Permalink
Economy

Marginal Recovery Shown by Indian Rupee as it improves by 29 paise

New Delhi: Yesterday the Indian Rupee settled at 71.99 per US dollar, down 24 paise from the previous close of 71.75, after hitting a fresh record low of…

Continue Reading →

GST Slabs Might be Reduced to Two by the Government in Near Future
Permalink
Economy

GST Slabs Might be Reduced to Two by the Government in Near Future

Bengaluru: The Centre is planning to slash the number of GST rate slabs from the present five to two in the near future, according to AK Jyotishi, Principal…

Continue Reading →

MCLR on Select Maturities Increased by Vijaya Bank
Permalink
Economy

MCLR on Select Maturities Increased by Vijaya Bank

New Delhi: State-owned Vijaya Bank has hiked marginal cost based lending rates (MCLR) by 0.05 per cent for select maturities, following industry peers. In a regulatory filing, the…

Continue Reading →