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Train e-tickets on IRCTC to cost more from Sunday as Indian Railways brings back service charges

Train e-tickets on IRCTC to cost more from Sunday as Indian Railways brings back service charges

As per the new provision, a service charge of Rs 15 will be levied on sleeper class tickets while for AC classes, a charge of Rs 30 would be applicable.

Sep 01, 2019, 08:50 AM IST
Era of Swiss bank secrecy over, India to get details of bank account holders from September

Era of Swiss bank secrecy over, India to get details of bank account holders from September

The development is a major success of the Narendra Modi government`s fight against black money ever since it first came to power in 2014.

Sep 01, 2019, 06:20 AM IST
Booking rail tickets online set to become costlier from Sunday

Booking rail tickets online set to become costlier from Sunday

Service charges are set to return after being removed in the aftermath of demonetisation. These had been removed in a bid to promote digital transactions.

Aug 31, 2019, 21:26 PM IST
India gets ready for NextGen Banks as Centre merges banks to create mega units

India gets ready for NextGen Banks as Centre merges banks to create mega units

  The government on Friday announced the mega-merger of 10 PSU banks into four, where the Punjab National Bank, the Oriental Bank of Commerce and the United Bank to merge become the second-largest

Aug 30, 2019, 23:32 PM IST
Modi govt's mega banking reform: 10 Public Sector Banks to be merged into 4 entities

Modi govt's mega banking reform: 10 Public Sector Banks to be merged into 4 entities

Punjab National Bank will become the second largest PSB in India with a total business of Rs 17.5 lakh crore post the merger while that of the Canara Bank and Syndicate Bank will be Rs 15.20 lakh

Aug 30, 2019, 18:05 PM IST
India's 2019-20 Q1 GDP growth slows down to 5%, lowest in 7 years

India's 2019-20 Q1 GDP growth slows down to 5%, lowest in 7 years

The first quarter estimates are based on agricultural production during Rabi season of 2018-19, government said.

Aug 30, 2019, 17:45 PM IST
FM Sitharaman announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

FM Sitharaman announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

Her press conference comes just a little ahead of the release of India's latest Gross Domestic Product (GDP) growth numbers.

Aug 30, 2019, 16:35 PM IST
Total frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report

Total frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report

Among bank groups, PSBs, which constitute largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.

Aug 30, 2019, 12:57 PM IST
RBI proposes to strengthen ALM framework for NBFCs in annual report FY2019

RBI proposes to strengthen ALM framework for NBFCs in annual report FY2019

Reserve Bank of India said that it will provide required liquidity backstop to the banks against their excess G-sec holdings.

Aug 30, 2019, 11:22 AM IST
RBI to introduce varnished Rs 100 currency notes soon

RBI to introduce varnished Rs 100 currency notes soon

The RBI said in its report that it incurred an expenditure of Rs 4,811 crore on security printing during July 1, 2018 to June 30, 2019, while the expenditure stood at Rs 4,912 crore in the previous

Aug 29, 2019, 18:55 PM IST
RBI releases annual report FY2019, says reviving consumption, private investment top priority

RBI releases annual report FY2019, says reviving consumption, private investment top priority

The RBI expressed concerns that India’s external sector outlook is vulnerable to downside risks from global developments.

Aug 29, 2019, 18:12 PM IST
India's horticulture crop production rises 0.69% to 313.85 million tonnes in 2018-19

India's horticulture crop production rises 0.69% to 313.85 million tonnes in 2018-19

As area under Horticulture Crops has remained broadly at the same level, the higher production owes mainly to Productivity gains.

Aug 29, 2019, 15:35 PM IST
CBDT chief PC Mody gets 1-year extension

CBDT chief PC Mody gets 1-year extension

A 1981-batch Indian Revenue Service (IRS) officer, Mody had taken charge of the top job in February succeeding Sushil Chandra.

Aug 29, 2019, 13:21 PM IST
25% discount on ticket fares for AC chair cars in several trains to be applicable from September end

25% discount on ticket fares for AC chair cars in several trains to be applicable from September end

Discounted fare can be for the full year, part of the year or month wise or seasonal or for weekdays/weekend, Railways said.

Aug 29, 2019, 12:14 PM IST
Govt to review FDI policy on digital media, single brand retail, manufacturing, coal mining

Govt to review FDI policy on digital media, single brand retail, manufacturing, coal mining

Government said that the changes in FDI policy will result in making India a more attractive FDI destination, leading to benefits of increased investments, employment and growth.

Aug 29, 2019, 11:13 AM IST
Govt approves Rs 6,268 crore export subsidy for sugar

Govt approves Rs 6,268 crore export subsidy for sugar

The subsidy would be directly credited into farmers’ account on behalf of mills against cane price dues and subsequent balance, if any, would be credited to mill’s account.

Aug 29, 2019, 11:03 AM IST
Union Cabinet approves 100% FDI in coal mining

Union Cabinet approves 100% FDI in coal mining

As per the present FDI policy, 100% FDI under automatic route is allowed for coal & lignite mining for captive consumption by power projects, iron & steel and cement units and other eligible

Aug 28, 2019, 22:12 PM IST
Government approves 100% FDI in contract manufacturing, relaxes norms for single brand retail

Government approves 100% FDI in contract manufacturing, relaxes norms for single brand retail

Talking to media after the meeting of the Union Cabinet, Commerce Minister Piyush Goyal said the changes in FDI policy will result in making India a more attractive FDI destination.

Aug 28, 2019, 22:03 PM IST
Cabinet approves 26% FDI in digital media with government approval

Cabinet approves 26% FDI in digital media with government approval

It is to be noted that 26% FDI is already allowed in print media sector and 49% FDI is permitted in broadcasting content services, both through the government approval route.

Aug 28, 2019, 20:09 PM IST
Union Cabinet approves to export nearly 60 lakh tonnes sugar in this financial year

Union Cabinet approves to export nearly 60 lakh tonnes sugar in this financial year

Union minister Prakash Javadekar said that the subsidy would be directly credited into farmers' account on behalf of mills against cane price dues and subsequent balance, if any, would be credited to

Aug 28, 2019, 19:22 PM IST