In Other News
SFBs were basically made to cater to areas which were not served or underserved by the banking sector. (Representational Image)
19 Jul 2019 1:52 PM

SFBs are giving interest rate up to nine per cent on their regular FDs and offering 9.5 per cent in case of senior citizen FDs.

India is also formulating a policy to build a 30 GW local capacity for manufacturing solar cells and modules by 2024, Anand Kumar, secretary to the ministry of new and renewable energy, said at an event in New Delhi.
19 Jul 2019 1:28 PM

India’s renewable power capacity soared by almost 150 per cent in the last five years to 77.6 GW.

Finance Minister Nirmala Sitharaman.
19 Jul 2019 1:27 PM

RBI has opened an indirect liquidity window to aid banks to give funds to the sector, which is facing a severe liquidity crisis.

The amendment, along with 28 others, were approved by a voice vote by the Lok Sabha, which passed the Finance Bill 2019. (Representational Image)
19 Jul 2019 9:43 AM

Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

Fadnavis said the committee has finalised ToR, and states have been asked to give their feedback by August 7.
19 Jul 2019 9:42 AM

The next meeting of the committee will be on August 16.

Darshan Hiranandani
19 Jul 2019 1:39 AM

About the family business, the senior Hiranan-dani said his son Darshan will be his successor.

Significantly, nearly 50 per cent of the total tea produced in India is sold in auctions and the rest in private sales and the bottom-most price would assure a minimum price recovery for the sellers at the auctions.
19 Jul 2019 1:23 AM

Besides, it would also help in flushing out bad quality tea from the market.

Rana Kapoor
19 Jul 2019 1:19 AM

Kapoor declined to comment Thursday on the effect of the share price drop on his wealth.

In its update, Asian Development Outlook (ADO) 2019, the development bank said China would grow at 6.3 per cent in 2019, and slip further to 6.1 per cent in 2020, mainly on account of continuing trade war with the US.
19 Jul 2019 1:13 AM

The ADB, however, maintained that India would continue to remain the fastest growing major economy, ahead of China.

The World Bank-funded Rewa Ultra Mega Solar Power park received exceptionally heavy rains and winds on the night of July 5 that flooded a nearby drainage, submerging parts of project under water, according to the state government.
18 Jul 2019 1:55 AM

Extreme weather events seem to have become the latest risk to Prime Minister Narendra Modi's renewable energy goal.

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