BUSINESS

 Press Trust of india

Hackers allegedly leak data of Army personnel using Airtel network; company denies any breach

Hackers allegedly leak data of Army personnel using Airtel network; company denies any breach

New Delhi:  A hacker group has allegedly leaked data of Army personnel using Bharti Airtel network in Jammu and Kashmir, however, the company has denied any breach in its system. The group, with the name of Red Rabbit Team, hacked some Indian websites and posted the data on the web pages of those portals. The […]

 Press Trust of india

India, EU hold high-level dialogue, discuss ways to promote trade

India, EU hold high-level dialogue, discuss ways to promote trade

New Delhi:  India and the European Union (EU) have held the first high level dialogue (HLD) and discussed ways to promote bilateral trade and investments, the commerce ministry said on Saturday. The meeting was co-chaired by Minister of Commerce and Industry Piyush Goyal and the European Union Executive Vice-President and Trade Commissioner Valdis Dombrovskis. It […]

 Press Trust of india

Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21

Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21

Mumbai: The National Bank for Agriculture and Rural Development (Nabard) on Saturday said it has sanctioned Rs 30,200 crore and disbursed Rs 16,500 crore for various rural infrastructure projects across the country under the Rural Infrastructure Development Fund (RIDF) in the first 10 months of the current financial year. The RIDF, which was set up […]

 Press Trust of india

RBI maintains status quo for fourth time in a row; keeps key rate static at 4%

RBI maintains status quo for fourth time in a row; keeps key rate static at 4%

Mumbai:  The RBI on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in future if need arises to support the economy hit by the COVID-19 pandemic. The Reserve Bank’s Monetary Policy Committee (MPC) voted unanimously to leave the repo rate unchanged at […]

 Press Trust of india

Economic growth will only move upwards: Shaktikanta Das

Economic growth will only move upwards: Shaktikanta Das

Mumbai: Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government’s projection of 11 per cent. The projection is in line with the estimates in the […]

 Press Trust of india

RBI’s move to allow retail investors to directly buy G-Secs to help deepen bond mkt: Experts

RBI’s move to allow retail investors to directly buy G-Secs to help deepen bond mkt: Experts

New Delhi:  The Reserve Bank’s decision to allow retail investors to directly buy government securities has been welcomed by experts saying it will help in deepening the bond market. Besides, the move would also ease the government’s fundraising programme, the experts said on Friday. “The move to allow retails investors to directly participate in government […]

 Press Trust of india

FinMin to clarify on residency status of NRIs stranded in India this fiscal due to COVID

FinMin to clarify on residency status of NRIs stranded in India this fiscal due to COVID

New Delhi: The Finance ministry will issue a circular to provide clarity on the residency status of NRIs and foreign nationals stuck in India in the current fiscal due to the coronavirus pandemic. For the fiscal ended on March 31, 2020, the ministry, in May last year, clarified that the period of stay of Non-Resident […]

 Press Trust of india

Working to change people’s perception about I-T dept to being ‘tax facilitators’: CBDT chief

Working to change people’s perception about I-T dept to being ‘tax facilitators’: CBDT chief

New Delhi:  The Income Tax Department is working on ways to change general perception about the department to being “tax facilitators” rather than just “tax enforcers”, CBDT chief P C Mody said on Thursday. He also said the department is scaling up the capacity of tax officers to better facilitate taxpayers. Central Board of Direct […]

 Press Trust of india

Niti Aayog’s next list of cos for disinvestment in few weeks: Rajiv Kumar

Niti Aayog’s next list of cos for disinvestment in few weeks: Rajiv Kumar

New Delhi: Niti Aayog will prepare the next list of central public sector companies for disinvestment in the next few weeks, its Vice Chairman Rajiv Kumar said on Thursday and expressed hope that the proposed asset reconstruction and management companies to address banks’ bad loan woes will do a good job like the UTI. Days […]

 Press Trust of india

India invites global defence and aerospace companies to set up manufacturing units

India invites global defence and aerospace companies to set up manufacturing units

Bengaluru: India on Wednesday invited global defence and aerospace companies to set up manufacturing units in the country taking advantage of various initiatives taken by the government in the field. Prime Minister Narendra Modi said India offers unlimited potential in defence and aerospace. “Aero India is a wonderful platform for collaborations in these areas. The […]