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On Feb. 24 to 26, banks will not function in connection with Shivratri, Fourth Saturday and Sunday. (Representational image)

12 PSU banks firming plans to raise funds from markets

About 6-7 lenders including Andhra Bank expect to close their capital raising plan by the end of the current fiscal

6 Aug 2017 4:28 PM IST

Both the percentage of growth and the total kharif foodgrain output will be a record, agriculture minister Radha Mohan Singh said in New Delhi.

India set for record kharif crop harvest in 2017-18

Pattanayak said farmers in flood-hit areas will replant other crops in 19 lakh hectare once water recedes

6 Aug 2017 3:35 PM IST

Regulator Trai on Thursday directed telecom operators to stop providing discriminatory tariffs to the subscribers of the same category and report all plans to the sector watchdog within seven days of their launch.

Trai to study how apps use internet speed testing methodologies

The Telecom Regulatory Authority of India is calling major speed test apps for a presentation to 'understand' their...

6 Aug 2017 2:45 PM IST

Indian Railways plan to induct at least four other solar-powered trains in the next six months. (Photo: Representational/File)

Flexi fares earn Railways additional Rs 540 crore in less than a year

The Railways made changes in the flexi fare structure to attract last minute travellers and introduced a range of...

6 Aug 2017 2:10 PM IST

In a development that could highlight overlap in the mandates of two regulators, pension fund regulator sought a clarification from the government on its jurisdiction over pensions plans offered by mutual funds and insurance companies.

No need for govt employees to visit bank to start pension, says govt

Pensioner's copy of PPO is to be handed over to him at the time of retirement.

6 Aug 2017 1:15 PM IST

Traders and sellers in the city who usually offer huge discount on products have suddenly stopped offering it in the name of Goods and Services Tax (GST).

Govt keeping a watch on post-GST prices, no supply disruptions yet

Prices have remained by-and-large under check post GST implementation, said CBEC chairperson Vanaja Sarna.

6 Aug 2017 12:59 PM IST

Consumers will have to cough up goods and services tax (GST) on bill payment for credit card, telephone or any other service consumed in June if the invoice for the same has been generated or payment made in July.

Dialysis units, pacemakers to cost more under GST, clarifies Health...

However, life-saving drugs, healthcare services, and medical devices would continue to be tax-free under the GST.

6 Aug 2017 12:02 PM IST

Chennai's Indian Bank sets under-5 per cent gross NPA target by March

Indian Bank is also targeting to improve its net interest margin to 3 per cent from 2.79 per cent now.

6 Aug 2017 11:48 AM IST

Finance minister Arun Jaitley on Friday announced setting up of a new exchange-traded fund (ETF) to be called Bharat 22 to sell government stakes in 22 state-run and private firms under its $11.4 billion asset sale programme.

GST Council clears e-way bill, slashes rate on tractor parts to 18 per...

The GST Council on Saturday gave in-principle nod for implementation of the e-way bill.

5 Aug 2017 8:58 PM IST

The pact to develop the Chabahar port and other infrastructure was inked last month during Prime Minister Narendra Modis visit to Persian Gulf nation. (Representational Image)

India hopeful of making Chabahar port operational by 2018: Gadkari

Gakdari is keen on expediting development of the Chabahar port, located in the Sistan-Baluchistan province.

5 Aug 2017 7:38 PM IST

Subsidised LPG now costs Rs 477.46 per 14.2-kg cylinder in Delhi. It was priced at Rs 419.18 in June last year.

Govt extends deadline to Sept 30 to get Aadhaar for free LPG

The government had in October, 2016 made the unique identification number mandatory for everyone to get LPG subsidies.

5 Aug 2017 6:01 PM IST

In the good old days, banks took your money happily, gave us savings bank interest at four or five per cent per annum.

Mergers of small banks may hurt MSME sector: report

Bigger banks are less motivated to work with MSMEs on loans due to smaller business accounts.

5 Aug 2017 5:09 PM IST