India Post, 10 entities get nod for payments banks The Reserve Bank of India (RBI) gave approval in principle for 11 entities on Wednesday to set up payments banks. They are India Post, Reliance Industries Ltd., Aditya Birla Nuvo, Tech Mahindra, Sun Pharma, National Securities Depository Ltd., Airtel M Commerce Services Ltd.,...
Modi surprises with Rs. 1.25-lakh cr. largesse Ahead of the Assembly elections in Bihar, Prime Minister Narendra Modi announced a package of Rs. 1.25 lakh crore for the State at a function in Ara on Tuesday. The package would change the “face and fate” of the State, he said. Inaugurating several national highway...
Politicians, writers unite against move to honour Shivaji’s chronicler The ruling Bharatiya Janata Party (BJP)-Shiv Sena government’s decision to confer the prestigious Maharashtra Bhushan (Pride of Maharashtra) award on Babasaheb Purandare, a right wing chronicler of King Shivaji, has raised a political storm in the State. A Public Interest Litigation (PIL)...
RBI pays govt Rs 66,000 crore in dividend The Reserve Bank of India on Thursday paid a dividend of nearly Rs 66,000 crore to the government, the highest ever from the central bank in its 80-year history, and 22% more than it paid last year. On a point to point basis,...
PMO officials hold talks with ex-servicemen Giving credence to speculations that Prime Minister Narendra Modi might make an announcement on One Rank One Pension (OROP) from the Red Fort during his Independence Day address to the nation, officials from the PMO on Wednesday, held discussions with representatives from the United Federation...
Ten things to know about the GST Bill The Goods and Services Tax is one of the main items on the finance agenda of the BJP government. Finance Minister Arun Jaitley has said that it can raise India’s GDP by one to two per cent. As the Lok Sabha takes up...
Freedom fighters to get 218 per cent DA hike: Rajnath Pension of freedom fighters has been increased, with the introduction of a hike of 218 per cent in DA in 2014-15, Home Minister Rajnath Singh said on Sunday. In a message on the occasion of 73rd anniversary of Quit India movement, Mr....
India decides to boycott CPU meet New Delhi has decided to boycott the 61st conference of the Commonwealth Parliamentary Union (CPU) to be held in Islamabad unless Pakistan extends an invitation to the Speaker of the Jammu and Kashmir Assembly, or the CPU changes the venue of the meeting. India’s decision stems...
Public consultation on Western Ghats a sham: report Counted among the world’s top biodiversity hotspots, the Western Ghats is currently at the centre of a political battle pitting local ‘development’ needs against conservation efforts. Six States — Kerala, Tamil Nadu, Goa, Karnataka, Maharashtra and Gujarat — which the forest region encompasses,...
Complete Gulberg trial in three months: SC The Supreme Court on granted a three-month extension to an Ahmedabad court to complete trial proceedings in the Gulberg Society massacre, one of the nine cases connected to the 2002 post-Godhra riots. The hearing in the case, which dealt with a mob attack at the...
Nine U.S. satellites to be flown from Sriharikota In a small but significant progress in the chequered Indo-U.S. space equations, Indian satellite launchers will for the first time put a few U.S.-made satellites into space from Indian soil. ISRO’s commercial venture Antrix Corporation recently signed contracts to launch nine micro and nano...
Centre inks peace accord with Naga insurgent outfit The government signed a peace accord with the Nationalist Socialist Council of Nagaland (Isak-Muivah), one of the largest insurgent outfits, which has been demanding a unified Naga identity and a separate ‘Nagalim’ State for over six decades. The details of the accord were not...