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India to receive normal not surplus rains

The country is likely to receive normal or above normal rains through the June-September four-month monsoon season, but not surplus rains. Experts put this down to less chances of

Railways eyes masala bond to fund projects

In a major boost to the infrastructure sector, the government on Wednesday cleared nine rail projects worth Rs 21,000 crore to create additional lines along the north-south and east-west corridors

Sitharaman plumps for 200 bps rate cut by RBI

Commerce and industry minister Nirmala Sitharaman on Wednesday pitched for as much as 200 basis points, that is 2 per cent, interest rate cut by RBI to help the cash-starved MSME sector.

Madhya Pradesh Assembly ratifies GST bill

Madhya Pradesh Assembly on Wednesday unanimously ratified 122nd Constitution amendment bill on goods and service tax (GST), the seventh state to do so, with chief minister Shivraj Singh Chouhan terming

'Realty law to cut litigation, ensure timely delivery'

The new law to regulate realty sector will bring transparency in the property market and reduce litigation while ensuring timely delivery of projects and eliminating fly-by-night operators, says a survey.

Cabinet clears Rs 6,461cr NH interconnectivity project

The government on Wednesday approved a Rs 6,461-crore project for development of 1,120 km national highways in five states under NHIIP programme.

"The Cabinet Committee on Economic Affairs (CCEA), chaired

Stressed assets level rises to 12% in Q1: Mundra

Reserve Bank deputy governor S S Mundra on Wednesday said the level of bad loans and restructured assets rose to 12 per cent while for the public sector banks it

Chinese firms’ bid to buy $1.5b Pakistan utility stake

Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing-led economic corridor will trump the risks of investing in Pakistan.

India investigates damage caused by French submarine data leak

India is investigating the extent to which secrets about French Scorpene submarines being built in the country have been compromised, its defence ministry said on Wednesday, after a leak of documents relating to its combat capabilities.

Power tariffs to rise, as freight rate hiked

Consumers bearing the brunt of high food prices may now have to shell out more for their electricity consumption also, with the railways effecting a steep hike in coal freight charges.

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