Posts in category

Finance


World Bank president congratulates PM Modi for India’s ‘historic rise’ in ease of doing business index

World Bank President Jim Yong Kim on Friday congratulated Prime Minister Narendra Modi after India improved its ranking significantly in the ‘Ease of Doing Business’ index. He explained India’s jump in rankings as a “historic, and unprecedented achievement”, PTI quoted as PMO’s statement as saying. In a telephonic conversion, Yong Kim said that it is remarkable that a nation with …

P Chidambaram accuses govt of fudging fiscal deficit figures for 2013-14; questions 'competence'

Senior Congress leader P Chidambaram has accused Economic Affairs Secretary SC Garg of fudging fiscal deficit figures. In a web of tweets, he said that the fiscal deficit in 2013-14 was 4.4 percent according to official data and not 5.1 percent as Garg mentioned on Friday. On Friday, Chidambaram said in Guwahati that “shockingly, government’s …

TN gets SEBI nod for State Shelter Fund launch

Tamil Nadu has got the nod from the market regulator Securities and Exchange Board of India (SEBI) to launch its State Shelter Fund for attracting investments in the affordable housing segment, Deputy Chief Minister of the State O Panneerselvam said here Saturday. Panneerselvam, participating in an event, stated, the Tamil Nadu government established the Tamil …

Sabarimala rowDevotee organizations say Kerala Police's new security measures may only compound chaos

The new security measures being launched by Kerala Police to deal with law and order issues triggered by the 28 September Supreme Court verdict allowing entry of women of all ages to the Ayyappa temple at Sabarimala may compound the chaos during the two-month Mandalakala puja from 16 November. The protests by the Sangh Parivar …

PM Modi pays heartfelt tribute to Indian soldiers on the 100th anniversary of WWI, reaffirms commitment to world peace

Prime Minister Narendra Modi on Sunday paid heartfelt petition to the Indian soldiers who fought in the World War I. He also reiterated India’s commitment to world peace and pledged to make an atmosphere where wars do not occur. Taking to Twitter on the 100th anniversary of the World War I, PM Modi tweets; “Today, …

Invest in TN, invest in our shared future

“I am glad to inform you that Tamil Nadu Infrastructure Investment Fund (TNIF) has declared its first close with a total fundraising of $350 million,” Deputy Chief Minister O. Paneerselvam said here on Saturday. The Deputy Chief Minister was speaking at the inaugural session of roundtable conference, ‘Innovative and Alternative Finance for Business and Infrastructure …

Congress releases manifesto for MP polls

The Congress on Saturday promised to pay off farm loans of up to Rs 2 lakh and provide a “salary grant” for five years to industries offering jobs to the youth if elected to power in Madhya Pradesh. Releasing its manifesto for the November 28 Assembly polls, the main opposition party also promised a slew …

RBI vs govtThe 18 wise men tasked with supervision of the Mint Street

As an unprecedented fight plays out between the RBI and the government, it is the central bank’s 18 board members who are being keenly seeks for their next course of action — they are not only central bankers and government officials but also business leaders, economists, and activists. The RBI board is scheduled to meet next on …

PM to attend swearing-in of Maldives president-elect on Nov 17

In his first visit as the Prime Minister, Narendra Modi will travel to Male on November 17 to visit the swearing-in ceremony of new Maldivian president-elect, indicating an attempt to mend bilateral ties, which nosedived during the outgoing Abdulla Yameen government. Announcing Modi’s day-long visit, External Affairs Ministry Spokesperson Raveesh Kumar stated the prime minister …

Union Minister Ananth Kumar passes away in Bengaluru

Union Parliamentary Affairs Minister Ananth Kumar died at a private hospital here in the early hours of Monday after battling lung cancer for several months, hospital authorities commented. Kumar, 59, breathed his last around 2 am, Sankara Hospital Director Nagaraj told PTI. He is lived by wife Tejaswini and two daughters. He had come back …

Ananth Kumar, a staunch RSS man, known for political adroitness

A staunch RSS ideologue, a hard-boiled organization man, Bengaluru’s “most loved” MP and the first person to talk in Kannada in the United Nations are some of the connotations associated with Union Minister Ananth Kumar. Popular for his political adroitness, Kumar, a six-time member of Parliament, gregarious with strong political instincts, had managed to be …

alary Hike of up to Rs 8,000 For Central Government Employees on Cards

Over 50 lakh Central Government employees and an equivalent number of retirees are likely to hear a good news by the Centre soon. The development is concerned to their salaries which may see a hike of up to Rs 8,000 in the coming months, as claimed by a report. The CG employees, who are demanding …