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India
Railways passing through tough time, but plans to overcome it, Suresh Prabhu says
Prabhu said the ministry is hoping to come out with a long-term plan soon. He added that the ministry has drawn up a comprehensive strategy to come out of this situation. Railways have undertaken plans to earn substantial revenue through commercial utilisation of surplus land and advertisement.
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India
Private sector investment to show improvement, says Arun Jaitley
Pinning hopes on various initiatives taken by the government to double farm income in the next five years, Jaitley said this would push up rural demand and revive private investments. Talking about the global slowdown, he said, India should fully utilize this opportunity.
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India
YES Bank to set centre of excellence at T-Hub
Hyderabad, April 4 (IANS) YES Bank, India's fifth-largest private sector bank, on Monday said it will set up a centre of excellence for start-ups in financial technology space at T-Hub, a technology incubator set up by Telangana government in partnership with three premier academic institutes.
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India
Ease of doing business: Govt weighs making PAN a unique ID for companies
Government is working on a proposal to make PAN(Permanent Account Number) a unique identity for business entities with a view to improving ease of doing business and ensuring a company is incorporated in a day using an integrated e-biz portal.
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India
BSE tweaks circuit limit for DCM Shriram, 12 others
BSE revised the circuit limits for share movement of DCM Shriram Industries and 12 other companies. The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from Tuesday.
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Cina
Global market shocks from China will only increase, says IMF
Slowdown in China's economic growth and industrial output reverberated through global financial markets last year, causing prices of equities and commodities to plunge in both emerging markets and advanced economies.
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USA
Tweaking CSS sharing ratio will put extra burden on Bihar: Min
Patna, Apr 4 () Bihar government today hit out at the Centre for tweaking the sharing ratio of the states in implementing the Centrally-Sponsored Schemes (CSS) as well as horizontal division of tax revenue as per recommendations of the 14th Finance Commission which, it said, will put unnecessary
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India
SpiceJet to add a new flight between Udaipur and Mumbai in April
Low cost carrier SpiceJet will increase its frequency on the Udaipur – Mumbai route under their summer schedule with the launch of a new flight effective from April 16.
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India
Widespread expectation of RBI rate cut on Tuesday
Mumbai, April 4 (IANS) Widespread expectation of an interest rate cut by RBI Governor Raghuram Rajan at the new fiscal's first bi-monthly monetary policy review on Tuesday swelled equity markets in the last hour of trade on Monday, even as Finance Minister Arun Jaitley called for it.
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India
Rs 800 crore loan: Court asks FinMin, RBI to look into it
New Delhi, Apr 4 () The Finance Ministry and the Reserve Bank of India have been asked by a Delhi court to look into a matter in which Rs 800 crore loan was allegedly granted without proper verification to a company whose director was convicted in a corruption case.