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West Bengal’s Debt at Rs.82,000 Crore: FM Amit Mitra
Kolkata, Aug 21: The cumulative borrowings of West Bengal stand at Rs.82,000 crore since the Mamata Banerjee-led Trinamool Congress came to power in May 2011, state Finance Minister Amit Mitra said here on Friday.
However, he said the…
Efforts on war footing to reduce Banks’ Bad Debts: Jaitley
New Delhi, Aug 21: The government has launched an all-out effort to address the major problem of state-run banks' non-performing assets (NPAs), or bad debts, Finance Minister Arun Jaitley said on Friday.
"An all-out effort has been…
Entrepreneurs should have point of view says Nandan Nilekani
Bengaluru, Aug 21: It is very important to have a point of view for entrepreneurs to be successful, Infosys co-founder Nandan Nilekani said at The Indus Entrepreneurs (TiE) Leapfrog summit here on Friday.
"The fact is that future is…
Indian Economy can double in Three Years: Suresh Prabhu
Kolkata, Aug 21: The Indian economy can double in three years and has the potential of becoming a $20-trillion economy, Railways Minister Suresh Prabhu said on Friday.
Prabhu also stressed the need for clarity in thought and a…
Haryana seeks US investment in IT, Defence, Energy Sectors
Washington, Aug 21: Highlighting his government's efforts to improve business environment, Haryana Chief Minister Manohar Lal Khattar has invited US investors to Haryana in sectors such as IT, renewable energy, transportation, defence and…
BSE Sensex plunges 377 Points in Early Session
Mumbai, Aug 21: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday plunged 377.30 points or 1.37 percent during the morning session.
The wider 50-scrip Nifty of the National Stock Exchange…
SpiceJet offers discounted Fares on 100,000-plus Seats
New Delhi, Aug 20: To lure more passengers during the upcoming festive season, budget airline SpiceJet on Thursday launched a three-day-long discounted one-way fare scheme starting from Rs.799 to Rs.2,699 valid on more than 100,000 seats…
Cabinet nod for India-Seychelles Pact to curb Black Money
New Delhi, Aug 20: In a major move against black money stashed away abroad, the union cabinet on Thursday approved the signing and ratification of an agreement between India and Seychelles for exchanging information on tax issues.
"The…
RBI to issue Small Finance Bank Licences in September 2015
Mumbai, Aug 20: The Reserve Bank of India (RBI) will issue Bank Licences to small finance banks to operate next month, RBI Governor Raghuram Rajan said on Thursday.
On Wednesday the RBI issued the "in principle" approval to 11 applicants…
BSE Sensex closes 324 Points in red; Nifty ends at 8,372 Points
Mumbai, Aug 20: A continuous slide in the Chinese markets, strain in US stocks and uncertainty over the recommendations on retrospective tax subdued investor sentiments in the Indian equity markets on Thursday.
Bearish sentiments were…