Rs. 2,000-Crore Loan Proposal For Amaravati Project Drops


HYDERABAD : A proposed loan worth $300 million or about Rs. 2,000 crore for Andhra Pradesh’s new capital Amaravati has been dropped by the World Bank after the central government reportedly withdrew the application. World Bank spokesperson Sudip Mozumder told that the World Bank’s Board of Executive Directors has been informed that the More...

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By RAJEEV RANJAN NAG On Thursday, June 27th, 2019

Days Before Presenting Her First Budget, Nirmala Sitharaman Meets Former PM Manmohan Singh

NEW DELHI :nion Finance Minister Nirmala Sitharaman met former Prime Minister Manmohan Singh at his residence in Delhi on Thursday, days before presenting the Union Budget. Sitharamn on July 5 will present her first More...

By RAJEEV RANJAN NAG On Saturday, June 22nd, 2019

Halwa ceremony held at finance ministry, printing of budget documents starts

NEW DELHI : The Halwa Ceremony also marks the beginning of a “lock-in” of officials involved in making the budget, designed to maintain its secrecy. These officers and support staff, housed in the north More...

By On Thursday, June 20th, 2019

Clear indication of economy losing traction: RBI Governor

MUMBAI: Reserve Bank of India Governor Shaktikanta Das had, in the last Monetary Policy Committee (MPC) meeting, said that there is clear evidence of economic activity losing traction while giving the rationale More...

By On Wednesday, June 12th, 2019

Independent directors on company boards will have to clear an exam

NEW DELHI : The government is planning to introduce a mandatory online certificate course followed by a test for them. Independent directors on company boards will soon have to clear an exam before they can be More...

By On Saturday, April 27th, 2019

RBI To Issue New Rs. 20 Notes

RBI To Issue New Rs 20 Notes: Here Are 10 Things To Know RBI’s new 20 rupee note: The new Rs. 20 note is greenish-yellow in colour. The Reserve Bank of India (RBI) on Friday announced that it will shortly More...

By On Thursday, February 7th, 2019

Home, auto loans set to be cheaper as RBI uts interest rates by 0.25%

MUMBAI : RBI Governor Shaktikanta Das cut the interest rate by 0.25 percent to 6.25 percent, a move that will lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate More...

IMF Chart
By On Tuesday, January 22nd, 2019

India’s economy is poised to pick up this year: IMF

NEW DELHI :  The International Monetary Fund (IMF) has said India’s economy is poised to pick up this year. IMF’s World Economic Outlook Update, released yesterday by its chief economist Gita Gopinath More...

social Media
By On Sunday, January 13th, 2019

New IT guidelines take social media giants to task

NEW DELHI : As India gears up for general elections, owners of global social media platforms are in a huddle over how to curb the spread of misinformation and fake news in a country where deep mobile penetration More...

By RAJEEV RANJAN NAG On Tuesday, December 11th, 2018

Shaktikanta Das appointed as new RBI Governor

NEW DELHI : Ending speculations, government appointed former Economic Affairs secretary Shaktikanta Das as the new Governor of the Reserve Bank of India. Mr Das, who retired as Economic Affairs Secretary in May More...