Govt to present Budget 2016 on Feb 29: Jayant Sinha

Govt to present Budget 2016 on Feb 29: Jayant Sinha

New Delhi: Minister of State for Finance Jayant Sinha said the government will present the Budget for 2016-17 on February 29, which will set a roadmap for the coming three years. “We are working hard on Budget that will be presented on February 29 and that will establish a roadmap for two or three years,” […]

Still in negative, wholesale inflation rises on costlier food items in Dec

Still in negative, wholesale inflation rises on costlier food items in Dec

NEW DELHI: Deflationary trend eased in December with WPI inflation moving up to (-)0.73 per cent as food articles, mainly vegetables, turned costlier. The Wholesale Price Index-based inflation has been rising for the last four months and was (-)1.99 per cent in November. In December 2014, it was (-)0.50 per cent. This is the 14th […]

SBI launches wealth management service for start-ups

SBI launches wealth management service for start-ups

New Delhi: State Bank of India launched its wealth management offering and inaugurated a dedicated branch for start-ups at Bengaluru on Thursday. While the wealth management service ‘Exclusif’ is targeted at the fast-growing affluent segment in the country, ‘SBI InCube’ -the branch for start-ups – would offer advisory services to the budding entrepreneurs under one […]

Aadhaar ID saving Indian govt about $1 billion per annum: World Bank

Aadhaar ID saving Indian govt about $1 billion per annum: World Bank

New Delhi: Hailing India’s Aadhaar digital ID, the World Bank has said the initiative is estimated to be saving the government about $1 billion annually by curbing corruption as it underlined that digital technologies can promote inclusion, efficiency and innovation. “We estimate that this (Aadhaar digital ID) is saving approximately $1 billion (Rs 650 crores) […]

GoI sets up panel on 7th Pay panel’s advice

GoI sets up panel on 7th Pay panel’s advice

New Delhi: Government of India on Wednesday decided to set up a high-powered panel headed by Cabinet Secretary P K Sinha to process the recommendations of the 7th Pay Commission which will have a bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners. The Cabinet has approved the setting up […]

BSNL starts 4G service with soft launch in Chandigarh

BSNL starts 4G service with soft launch in Chandigarh

NEW DELHI: State-owned BSNL on Wednesday started 4G services on a non-commercial basis in Chandigarh promising broadband speed of up to 100 megabit per second (Mbps). “We have done soft launch of 4G service in Chandigarh. It is non-commercial service as of now. It will be open for limited number of BSNL employees, while customers […]

SC seeks clarification from Mysore lab on Maggi samples

SC seeks clarification from Mysore lab on Maggi samples

New Delhi: The Supreme Court today asked the government laboratory in Mysore to further clarify whether test reports relating to lead and glutamic acid in Maggi noodles are within permissible parameters under the law. The apex court passed the order after perusing two communications received from the Mysore laboratory which had carried out the test […]

Fliers left behind goods worth Rs 32-cr at Indian airports in 2015

Fliers left behind goods worth Rs 32-cr at Indian airports in 2015

A whopping Rs 32 crore worth of valuables and other items, including cash and mobile phones, was misplaced by air travellers at the major airports of the country in the year just passed, official data says. The data on ‘unattended property recovered’ for 2015 has been collated by the Central Industrial Security Force (CISF), which […]

GoI approves new crop insurance scheme

NEW DELHI : The government on Wednesday approved a crop insurance scheme that would replace the existing ones to ensure that farmers pay less premium and get early claims for the full sum insured. A decision on the much awaited scheme was taken at the Cabinet meeting, headed by Prime Minister Narendra Modi. “The cabinet […]

DDC Shopian inspects upcoming Fruit Mandi and Industrial Estate at Aglar

SHOPIAN: District Development Commissioner Shopian,  G. M. Dar on Wednesday visited the new Fruit Mandi and upcoming Industrial Estate at Aglar. He was also accompanied by officials of Horticulture Planning and Marketing, Flood Control Department, Irrigation Department, SICOP, Revenue and Industries Departments. A delegation of Fruit growers led by Peer Mohammad Amin was also part […]