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Jaitley pushes states to up infrastructure, anti-poverty spending
New Delhi, Feb 6: State governments must spend more on infrastructure and anti-poverty programmes, particularly after an increase in monetary allocations based on the 14th Finance Commission report, Finance Minister Arun Jaitley said here…
RBI’s buying activity swells Forex reserves
Mumbai, Feb 6: Buying activity by the country's central bank and the revaluation impact of global currencies swelled India's foreign exchange (Forex) reserves during the week ended January 29, experts said on Saturday.
According to the…
Budget hike favoured for space agency to enhance capacity
Bengaluru, Feb 6: The Indian space agency should get 50 percent hike in the union budget for 2016-17 to enhance its manpower and launch more satellites, a parliamentary committee chief said on Friday.
"We have recommended 50 percent…
Vijaya Bank net up 41 percent in Q3
Bengaluru, Feb 6: State-run Vijaya Bank on Friday reported net profit of Rs.53 crore for third quarter of 2015-16, registering 43 percent annual growth from Rs.37 crore posted in same period a year ago.
The city-based bank's operating…
Auto component sector awaits policy clearance
New Delhi, Feb 6: The auto components sector has been betting on the new automobile policy resolving many of the issues it now faces, a top industry official said here.
"A major chunk of the problem would be resolved once the new…
Why 75 percent drop in global oil prices isn’t reaching you
Record production in the US, weakened demand from the Eurozone and emerging economies like China and Brazil, and Iran’s entry into the international market have effectively slashed the price of crude oil for India, from $106 per barrel in…
Sushma Swaraj briefs Sri Lankan president on bilateral meeting
Colombo, Feb 6: External Affairs Minister Sushma Swaraj on Saturday called on Sri Lankan President Maithripala Sirisena here and briefed him on the India-Sri Lanka joint commission meeting held on Friday.
“EAM @SushmaSwaraj briefed…
American firms asked to take advantage of Digital India initiative
Washington, Feb 6: India's future as a technology powerhouse and its plans to connect India's 600,000 villages to the Internet through the Digital India programme were the focus of a roundtable of top American and Indian companies.
Prime…
Auto Expo attracts 71,000 visitors on first public day
Greater Noida, Feb 6: Auto Expo 2016 attracted as many as 71,000 visitors on its first public day on Friday, event officials said.
According to the event organisers, the superbikes section of the show emerged as the biggest crowd-puller…
Need over Rs.1 lakh crore next fiscal for 7th Pay Commission, OROP: Arun Jaitley
New Delhi, Feb 6: The government has to provide Rs.1.10 lakh crore in the next fiscal's budget for implementing the One Rank One Pension (OROP) scheme and the 7th Pay Commission award, Finance Minister Arun Jaitley said on Friday.…