Arun Jaitley presents Union Budget in Parliament
Feb 29, 2016, at 04:43 pm
New Delhi, Feb 29 (IBNS): Amid Opposition protest over the ongoing JNU row and Smriti Irani's statement in Parliament, Union Finance Minister Arun Jaitley on Monday began presenting the Union Budget 2016.
Vinod Rai appointed as Chairman of Banks Board Bureau
Feb 29, 2016, at 12:31 am
New Delhi, Feb 28 (IBNS) Former CAG of India has been appointed as the Chairman of Banks Board Bureau.
Jet Airways to launch new daily flight from Delhi to Muscat
Feb 28, 2016, at 10:12 pm
Mumbai, Feb 28 (IBNS): Jet Airways, India’s premier international airline, is set to further expand its operations between India and Oman with the launch of a new daily flight between Delhi and Muscat.
ICICI Bank organises Coin Exchange Mela at its branches in Lucknow
Feb 27, 2016, at 03:23 am
Lucknow, Feb 26 (IBNS): ICICI Bank Ltd. on Friday organised 20 coin exchange melas in Lucknow.
Yes Bank ranked in top 500 Global Banking Brands List by The Banker
Feb 27, 2016, at 01:52 am
Mumbai, Feb 26 (IBNS): Private Sector Bank Yes Bank has been ranked in the Top 500 Banking Brands globally by The Banker in association with Brand Finance.
Economic Survey: Power generation posts record increase in 2014-15
Feb 27, 2016, at 01:19 am
New Delhi, Feb 26 (IBNS) The Economic Survey, presented to the Parliament on Friday, noted that sweeping changes have been made in the power sector in the past two years with 2014-15 witnessing the highest ever increase in generation capacity of 26.5 GW compared to the average annual addition of around 19 GW over the past five years.
Indian economy needs to create safe and productive well-paying jobs: Economic Survey
Feb 27, 2016, at 01:00 am
New Delhi, Feb 26 (IBNS) The Economic Survey 2015-2016 tabled at the Parliament on Friday stressed that to meet the growing aspiration of those entering the labor force, India's economy needs to create enough "good jobs"- jobs that are safe and pay well, and encourage firms and workers to improve skills and productivity.
Economic Survey 2015-16: Proposal to widen the tax net and phase out exemptions
Feb 27, 2016, at 12:59 am
New Delhi, Feb 26 (IBNS) The Economic Survey 2015-16 tabled in the Parliament on Friday by the Union finance minister Arun Jaitley proposed widening tax net from 5.5 percent of earning individuals to more than 20 percent, reasonable taxation of the better-off individuals with income from Real Estate and Agriculture, and phasing out of the tax exemption practice.
Free Trade Agreements leading to increased imports and exports for India
Feb 27, 2016, at 12:58 am
New Delhi, Feb 26 (IBNS) Since the mid- 2000s, India’s Free Trade Agreements have doubled to about 42 as of Friday, resulting in increased trade with these FTA countries, more than would have happened otherwise, according to the Finance Ministry.
Economic Survey: SRS 2013 reveals increase in India's economically active population
Feb 27, 2016, at 12:05 am
New Delhi, Feb 26 (IBNS) The Economic Survey (2015-16) presented at the Parliament on Friday stated that the proportion of economically active population (15-59 years) in India has increased from 57.7 per cent to 63.3 per cent during 1991 to 2013, as per Sample Registration System (SRS) data for 2013.
Indian benchmark indices snap their three day losing spree on Friday
Feb 27, 2016, at 12:04 am
Mumbai, Feb 26 (IBNS) The Indian benchmark indices, on Friday, the last day before the placing of the Union Budget 2016 on Monday, snapped their consecutive three-day fall with the Sensex climbing 178 points to close at 23,154 and Nifty up 59 points at 7,030.
Jandhan, Aadhaar, Mobile: For better implementation of Direct Benefit Transfers
Feb 26, 2016, at 10:23 pm
New Delhi, Feb 26 (IBNS) The Economic Survey 2015-16 presented on Friday in the Parliament by the Union Finance Minister Arun Jaitley stated that the three methods, Jandhan, Aadhaar, and Mobile (JAM or JAM Trinity as mentioned during the presentation) can help the government to implement large-scale, technology-enabled and real-time Direct Benefit Transfers (DBTs) to improve economic lives of India’s poor.
Economic Survey: India leads in global milk production
Feb 26, 2016, at 09:18 pm
New Delhi, Feb 25 (IBNS) The Economic Survey 2015-16 presented in the Parliament on Friday by the Union finance minister Arun Jaitley revealed that India ranks first in global milk production, accounting for 18.5 per cent of world production, with an annual output of 146.3 million tonnes in 2014-15.
Economic Survey: Indian equity market relatively resilient versus many emerging economies
Feb 26, 2016, at 08:48 pm
New Delhi, Feb 25 (IBNS) The Economic Survey 2015-16 presented on Friday in the Parliament by the Union finance minister Arun Jaitley stated that despite volatility in global financial markets, the Indian equity market has been relatively resilient during this period compared to the other major emerging market economies.
Fiscal deficit target of 3.9 per cent for 2015-16 seems achievable says Economic Survey
Feb 26, 2016, at 08:24 pm
New Delhi, Feb 25 (IBNS) The Economic Survey 2015-16, presented to the Parliament on Friday, by the Union finance minister, stated that the fiscal deficit target of 3.9% for the year 2015-16 seems achievable.
Economic Survey 2015-16 projects strong macroeconomic outlook for India
Feb 26, 2016, at 08:19 pm
New Delhi (IBNS) Union finance minister, Arun Jaitley, while presenting The Economic Survey 2015-16 to the Parliament on Friday said the survey testifies a strong macroeconomic outlook for the country.
Economic Survey indicates Indian economy likely to see fastest growth in 2016
Feb 26, 2016, at 08:10 pm
New Delhi, Feb 25 (IBNS) India’s economy is stable and it continues to be the land of opportunity said Union finance minister Arun Jaitley while presenting the Economic Survey 2015-16 at the Parliament on Friday.
Economic Survey reveals manufacturing sector boosts 2015-16 industrial growth
Feb 26, 2016, at 07:49 pm
New Delhi, Feb 25 (IBNS) The Economic Survey 2015-16 tabled in the Parliamenton Friday by the Union Finance Minister Arun Jaitley states that riding high on the performance of manufacturing sector , industrial sector in India have registered higher growth during 2015-16.
Economic survey emphasizes on improved productivity in agriculture
Feb 26, 2016, at 07:33 pm
New Delhi, Feb 25 (IBNS) Union finance minister, Arun Jaitley, while presenting The Economic Survey 2015-16 in the Parliament on Friday, stressed on the declining growth in agriculture, owing to two consecutive drought years and due to decline in production and area sown of major crops.
Economic Survey 2015-16 predicts over 8 pc growth in next couple of years
Feb 26, 2016, at 06:07 pm
New Delhi, Feb 26 (IBNS) The Economic Survey 2015-16 presented in the Parliament on Friday by Union Finance Minister Arun Jaitley emphasizes that Indian economy will continue to grow more than 7 percent for the third year in succession in 2016-17 helped by a normal monsoon, despite global meltdown.
Vijay Mallya resigns as Chairman of USL, receives USD 75 million from Diageo
Feb 26, 2016, at 05:39 pm
New Delhi, Feb 26 (IBNS) Liquor baron Vijay Mallya resigned as the Chairman of United Spirits Ltd (USL) on Thursday, only to serve as the founder emiritus of the company founded by his family.
Rupee falls down by a paisa, inching closer to an all time low
Feb 26, 2016, at 05:07 pm
New Delhi, Feb 26 (IBNS) The Rupee on Friday depreciated by a paisa to go down to 68.73, thus moving closer to its all time low value of 68.85 against the US Dollar.
LAVA launches Twinpad with dual functions
Feb 26, 2016, at 03:29 am
New Delhi, Feb 25 (IBNS): Lava International Limited on Thursday announced the launch of Twinpad, the flagship dual functional device in its IT devices portfolio which works both as a Tablet and a Laptop.
Tata Steel welcomes Railway Budget
Feb 26, 2016, at 01:16 am
New Delhi, Feb 25 (IBNS) Tata Steel MD T.V. Narendran welcomed the Railway Budget and said it is a forward looking and development oriented one.
Feb 26, 2016, at 12:40 am
Kolkata, Feb 25 (IBNS) General Manager, Eastern and South Eastern Railway A K Goel officially launched the paperless ticketing system through Mobile App for Howrah-Kharagpur Section of South eastern Railway here on Thursday in a function and even addressed press and put his reactions on this year’s Railway Budget.
Rail Budget promises new infrastructure creation: ICC
Feb 26, 2016, at 12:32 am
Kolkata, Feb 25 (IBNS) : The Indian Chamber of Commerce (ICC) on Thursday said the Railway Budget 2016-17, presented by Railway Minister Suresh Prabhu, was a pro-growth budget which addresses India’s development concerns through a well structured multi-pronged strategy.
Fish feed produced by CIFA can increase fish growth by 6 gram daily: S.C.Rath
Feb 26, 2016, at 12:07 am
Kolkata, Feb 25 (IBNS) Central Institute of Freshwater Aquaculture (CIFA) has introduced fish feed "Gram ka Feed-Plus" which can increase growth of fish by 6 to 7 gram daily.
Rail Budget: Wi-Fi services at 100 Stations to be commissioned this year
Feb 25, 2016, at 11:41 pm
New Delhi, Feb 25 (IBNS): Railways Minister Suresh Prabhakar Prabhu while presenting Railway Budget 2016-17 in Parliament on Thursday said that the process has begun to introduce Wi-Fi services at stations especially for youth and business travellers.
Feb 25, 2016, at 10:44 pm
New Delhi, Feb 25 (IBNS): Railways Minister Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament on Thursday said that Environment in the context of India’s commitment to reduce its carbon foot print, Indian Railways have undertaken energy audits which have revealed the possibility of reducing energy consumption in non-traction area by 10% to 15%.
Railway budget fails to boost stocks of related companies
Feb 25, 2016, at 10:43 pm
Mumbai, Feb 25 (IBNS) The Railway budget on Thursday could nether jog the Indian benchmark indices into action nor boost the shares of rail-related companies.