RBI imposes restrictions on deposit of old notes until Dec 30

New Delhi, Dec 19 (IBNS): The Reserve Bank of India (RBI) on Monday has imposed new conditions on deposit of old notes exceeding Rs 5,000 in a bank account till Dec 30.

Demonetisation move has advantages: Jaitley

New Delhi, Dec 13 (IBNS): Batting in favour of the cash ban move launched by the Centre last month, Union Finance Minister Arun Jaitley on Tuesday said the entire step taken by the government has 'advantage'.

Less cash economy to help India leap frog to levels of developed world in doing business: ASSOCHAM President

New Delhi, Dec 10 (IBNS): Prime Minister Narendra Modi’s bold drive to take the economy into a ‘less cash’ mode through a multi-pronged strategy would not only check the menace of black money and corruption but would also lead to a large part of the informal economy into the organised sector , said ASSOCHAM President Sunil Kanoria.

Narendra Modi meets members of India-Japan Business Leaders’ Forum

Tokyo, Nov 11 (IBNS): Prime Minister Narendra Modi on Friday met members of the India-Japan Business Leaders’ Forum here and said Japan can take advantage of the conducive business environment in India.

Currency ban: Banks to remain open this weekend

New Delhi, Nov 9 (IBNS): In the wake of the Centre's decision to scrap all old Rs 500 and Rs.1000 notes, all banks will remain open on Saturday and Sunday this week to facilitate the process of replacement of currencies.

Currency Ban: Kailash Satyarthi lauds move, congratulates PM Modi

New Delhi, Nov 9 (IBNS): Nobel laureate and child rights activist, Kailash Satyarthi lauded Prime Minister Narendra Modi's decision to ban 500 and 1000 Indian Rupee notes in order to curb black money.

Cabinet approves MoU with AARDO in the field of rural development

New Delhi, Oct 5 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday given its approval to the signing of a Memorandum of Understanding (MoU) between India and the African Asian Rural Development Organization (AARDO) for capacity building programmes in the field of rural development.

Cabinet approves USOF support to BSNL for Rural Wire-line connections

New Delhi, Sept 21 (IBNS): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to extend subsidy support of Rs. 1,250 crore to Bharat Sanchar Nigam Limited (BSNL) from Universal Service Obligation Fund (USOF), as compensation for deficit incurred by BSNL in operating the Rural Wire-line connections installed prior to Apr 1, 2002.

Cabinet approves Capital Grant to GAIL for development of Gas Infrastructure in eastern India

New Delhi, Sept 21 (IBNS): The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved viability gap funding or partial capital grant at 40 percent (Rs. 5,176 crore) of the estimated capital cost of Rs. 12,940 crore to GAIL for development of 2539 km long Jagdishpur-Haidia and Bokaro-Dhamra Gas Pipeline (JHBDPL) project.

Cabinet approves simplification and liberalisation of FDI policy in diff sectors

New Delhi, Aug 31 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday given its ex-post-facto approval for the FDI policy amendments announced by the Government on June 20.

PM urges gems and jewellery industry to work towards establishing a global presence

New Delhi, July 23 (IBNS) Prime Minister Narendra Modi on Saturday urged the gems and jewellery sector in India to look beyond the domestic market and establish a global presence.

RBI governor: PM's policy adviser Panagariya a likely candidate

New Delhi/Mumbai, Jul 12 (IBNS): Arvind Panagariya, policy adviser to Prime Minister Narendra Modi, might be appointed as the next Reserve Bank of India (RBI) chief, according to media reports on Tuesday.

The gaining spree of Indian benchmark indices halts on Tuesday

Mumbai, Jul 5 (IBNS): Indian benchmark indices declined on Tuesday, snapping its six consecutive days of gain, on the back of profit booking, especially in auto stocks, and weak global cues, with Sensex down 111.89 points to 27166.87 and Nifty down 34.75 points to 8335.95.

Cabinet approves the National Apprenticeship Promotion Scheme

New Delhi, July 5 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi has approved a National Apprenticeship Promotion Scheme.

Union Cabinet appraises Modi of a joint issue of postage stamps between Department of Posts, Portugal Post

New Delhi, July 5 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi was apprised of a joint issue of postage stamps between Department of Posts and Portugal Post.