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MK Stalin's Appeal As PM Launches Rs 5,000 Crore Projects In Chennai
PM Modi on Saturday launched and laid the foundation stone for nearly Rs 5,000 crore worth new projects in Tamil Nadu in the transport sector, that included the flagging off of the Chennai-Coimbatore Vande Bharat Express.
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CBI Files Foreign Funds Violation Case In Kerala's Life Mission Project
The CBI on Friday conducted searches at two locations in Kochi after registering a case of alleged violation of the Foreign Contribution (Regulations) Act in the Kerala government's Life Mission project for providing houses for the poor, officials said.
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Scrap Rs 20,000-Crore Parliament Project, Says Congress MP
Congress Rajya Sabha member Partap Singh Bajwa on Monday called for the cancellation of the Rs 20,000-crore Central Vista redevelopment project to save funds for the fight against the coronavirus pandemic.
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"Kleptocrat's Club": Arun Jaitley As Opposition Backs Mamata Banerjee
Union Minister Arun Jaitley hit out at West Bengal Chief Minister who is on a sit-in protesting against the central government. Responding sharply to Ms Banerjee's massive protest and the outpour of support from other opposition parties, Mr. Jaitley, in a blog, attacked the opposition, calling it "a Kleptocrat's Club".
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RBI Keeps Key Lending Rate Unchanged, Meets Economists' Expectations: 10 Points
The Reserve Bank of India (RBI) on Wednesday kept the repo rate steady, meeting economists' projections. The repo rate, or the key interest rate at which the central bank lends short-term funds to commercial banks, stood at 6.5 per cent, said the RBI's fifth bi-monthly policy statement for 2018-19. Wednesday's decision came days after official data...
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Centre Announces 100% Centrally-Funded Development Projects In North East
The central government will now fund the development projects in the Northeast region 100 per cent - unlike 90 per cent as per previous policy while the remaining had to be done by the state, it was announced on Thursday.
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Funds To Be Ready For Government Schemes From April 1: Finance Minister Arun Jaitley
Finance Minister Arun Jaitley on Tuesday asked various central ministries to remain in a state of readiness for implementing schemes and projects as funds would be made available from April 1.
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Economic Survey Says Notes Ban Will Hit Growth, But Recovery Soon
India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, roughly in line with this year's expected 7.1 percent, says the Economic Survey, a report card prepared by the government before Finance Minister Arun Jaitley presents the Union Budget tomorrow. The survey said the economy should steady after the hit from...
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Projects Under Bihar Package At Different Stages Of Implementation: Centre
In a bid to end uncertainty over the implementation of Rs 1.65 lakh crore package for Bihar, the Centre has said that it is being implemented as it is for the people of the state and not for any particular government.
-
Centre Releases Rs 345 Crore to Andhra Pradesh Government for Polavaram Project
The Central Government has released funds to the tune of Rs 345 crore to Andhra Pradesh Government for construction of Polavaram project as on September this year, Rajya Sabha was informed today.
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Central Funds not Reaching State Governments: West Bengal Chief Minister Mamata Banerjee
Attacking the Centre for not releasing funds for state projects after announcing them with fanfare, West Bengal Chief Minister Mamata Banerjee today threatened to launch an agitation.
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Raghuram Rajan: Government in Talks Over Capital for Banks
The Reserve Bank of India (RBI) Governor Raghuram Rajan said the government was in talks with the central bank about injecting capital to lenders, while noting it was important to ensure funding for infrastructure projects remain on track.
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Retain Level of Fund Flows Under Central Schemes: West Bengal Finance Minister Amit Mitra
West Bengal Finance Minister Amit Mitra, today, said the state has asked NITI Aayog to retain the money sanctioned under central schemes for implementation of various projects at previous years' level.
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Piramal Arm Offers $192 Million in Financing for Mumbai Project
Piramal Fund Management, a unit of Piramal Enterprises Ltd, on Monday said it would provide Rs 1,200 crore (about $192 million) in financing for a luxury residential complex in central Mumbai being developed by Omkar Group.
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Government Approves 8.75% Interest Rate on PF Deposits
According to the EPFO's income projection, payment of 8.8 per cent rate of interest would have left a surplus of Rs 77.15 crore. But since the income projection of Rs 29,136.42 crore for the current fiscal was done without factoring in interest payment burden due to enhanced wage ceiling, EPFO had suggested to fix 8.7 per cent rate of return on PF ...
-
MK Stalin's Appeal As PM Launches Rs 5,000 Crore Projects In Chennai
PM Modi on Saturday launched and laid the foundation stone for nearly Rs 5,000 crore worth new projects in Tamil Nadu in the transport sector, that included the flagging off of the Chennai-Coimbatore Vande Bharat Express.
-
CBI Files Foreign Funds Violation Case In Kerala's Life Mission Project
The CBI on Friday conducted searches at two locations in Kochi after registering a case of alleged violation of the Foreign Contribution (Regulations) Act in the Kerala government's Life Mission project for providing houses for the poor, officials said.
-
Scrap Rs 20,000-Crore Parliament Project, Says Congress MP
Congress Rajya Sabha member Partap Singh Bajwa on Monday called for the cancellation of the Rs 20,000-crore Central Vista redevelopment project to save funds for the fight against the coronavirus pandemic.
-
"Kleptocrat's Club": Arun Jaitley As Opposition Backs Mamata Banerjee
Union Minister Arun Jaitley hit out at West Bengal Chief Minister who is on a sit-in protesting against the central government. Responding sharply to Ms Banerjee's massive protest and the outpour of support from other opposition parties, Mr. Jaitley, in a blog, attacked the opposition, calling it "a Kleptocrat's Club".
-
RBI Keeps Key Lending Rate Unchanged, Meets Economists' Expectations: 10 Points
The Reserve Bank of India (RBI) on Wednesday kept the repo rate steady, meeting economists' projections. The repo rate, or the key interest rate at which the central bank lends short-term funds to commercial banks, stood at 6.5 per cent, said the RBI's fifth bi-monthly policy statement for 2018-19. Wednesday's decision came days after official data...
-
Centre Announces 100% Centrally-Funded Development Projects In North East
The central government will now fund the development projects in the Northeast region 100 per cent - unlike 90 per cent as per previous policy while the remaining had to be done by the state, it was announced on Thursday.
-
Funds To Be Ready For Government Schemes From April 1: Finance Minister Arun Jaitley
Finance Minister Arun Jaitley on Tuesday asked various central ministries to remain in a state of readiness for implementing schemes and projects as funds would be made available from April 1.
-
Economic Survey Says Notes Ban Will Hit Growth, But Recovery Soon
India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, roughly in line with this year's expected 7.1 percent, says the Economic Survey, a report card prepared by the government before Finance Minister Arun Jaitley presents the Union Budget tomorrow. The survey said the economy should steady after the hit from...
-
Projects Under Bihar Package At Different Stages Of Implementation: Centre
In a bid to end uncertainty over the implementation of Rs 1.65 lakh crore package for Bihar, the Centre has said that it is being implemented as it is for the people of the state and not for any particular government.
-
Centre Releases Rs 345 Crore to Andhra Pradesh Government for Polavaram Project
The Central Government has released funds to the tune of Rs 345 crore to Andhra Pradesh Government for construction of Polavaram project as on September this year, Rajya Sabha was informed today.
-
Central Funds not Reaching State Governments: West Bengal Chief Minister Mamata Banerjee
Attacking the Centre for not releasing funds for state projects after announcing them with fanfare, West Bengal Chief Minister Mamata Banerjee today threatened to launch an agitation.
-
Raghuram Rajan: Government in Talks Over Capital for Banks
The Reserve Bank of India (RBI) Governor Raghuram Rajan said the government was in talks with the central bank about injecting capital to lenders, while noting it was important to ensure funding for infrastructure projects remain on track.
-
Retain Level of Fund Flows Under Central Schemes: West Bengal Finance Minister Amit Mitra
West Bengal Finance Minister Amit Mitra, today, said the state has asked NITI Aayog to retain the money sanctioned under central schemes for implementation of various projects at previous years' level.
-
Piramal Arm Offers $192 Million in Financing for Mumbai Project
Piramal Fund Management, a unit of Piramal Enterprises Ltd, on Monday said it would provide Rs 1,200 crore (about $192 million) in financing for a luxury residential complex in central Mumbai being developed by Omkar Group.
-
Government Approves 8.75% Interest Rate on PF Deposits
According to the EPFO's income projection, payment of 8.8 per cent rate of interest would have left a surplus of Rs 77.15 crore. But since the income projection of Rs 29,136.42 crore for the current fiscal was done without factoring in interest payment burden due to enhanced wage ceiling, EPFO had suggested to fix 8.7 per cent rate of return on PF ...
