Govt to set up inflation target, RBI to implement: Chidambaram

NEW DELHI: The government of India has the right to set the country’s inflation target, while the Reserve Bank of India’s (RBI) role is to implement the decision, Finance Minister P Chidambaram said in a joint news conference with the RBI governor. The comment by Chidambaram comes after a RBI panel in January proposed moving […]

Silk Road initiatives help boost Asia renewal: China

KJM VARMA BEIJING: China Saturday said its initiatives of building Maritime Silk Route connecting Asian states besides reviving the centuries old Silk Road through the Central Asian states were aimed at boosting the renewal of Asia. “We want to work with relevant countries to add two powerful wings to the rejuvenation of Asia,” Foreign Minister […]

Street on fire; Sensex, Nifty scale new peaks on FII buying

MUMBAI: Stocks Markets ignored the anxiety caused by the geopolitical tension over Ukraine and spurted to all-time highs on a slew of positive domestic factors and robust FII buying ahead of high-stake elections. The benchmark indices – S&P BSE Sensex and the CNX Nifty – were in a record-breaking spree. The former hovered near the […]

Mansbal trout feed mill operational

Mansbal trout feed mill operational

SRINAGAR: The department of Fisheries, has started to supply trout feed from the its newly established Trout Fish Feed Mill at Manasbal with the department now saying it is in a position to meet export orders. The mill  established at the National Fish Seed Farm Manasbal has been imported from Netherland  that produces the highly […]

Govt has right to set inflation target, RBI’s role is to achieve: FM

NEW DELHI: Finance Minister P Chidambaram Friday said the government had the right to set a target for inflation and the Reserve Bank of India (RBI) could decide on its monetary policy in line with the target. “I think that is the correct approach. The sovereign has the right to set the target and then […]

UP clocks maximum food grain production in India

LUCKNOW: The food grain production in Uttar Pradesh during 2012-13 crop year (July-June) has once again topped its peers at about 50.84 million tonnes (MT). During 2009-10, 2010-11 and 2011-12, the state food grain production stood at 43.20 MT, 47.14 MT and 50.29 MT respectively. This shows that there has been sustained increase in food […]

Rajouri contractors to go on hunger strike against payment delay

RAJOURI: The contractors at Rajouri have called for a hunger strike on Tuesday against the delay in payments by the Irrigation and Flood Control Department for the works that have been completed in 2011. The contractors who met under the chairmanship of district president Rajouri Ishfaq Ahmed Mirza saidf the protest will be held  in […]

Sebi says Sahara owes Rs 37,000 crore

NEW DELHI: In a statement that could make matters more difficult for jailed Sahara chief Subrata Roy, the Securities and Exchange Board of India (Sebi) told the Supreme Court that the sum owed by two group companies is more than Rs 37,000 crore. “According to the affidavit filed by the two companies, the principal amount […]

SBI to raise Rs 800-1200 crore by issuing shares to employees

KOLKATA: State Bank of India has proposed to offer share purchase scheme for all its employees which could raise additional equity capital, between Rs 800 crore and Rs 1,200 crore, for the country’s largest lender. “We are planning to offer employees share purchase scheme and not employees stock option scheme,” SBI Chairperson Arundhati Bhattacharya said […]

ICICI Pru Life launches new product

CHANDIGRAH: Private life insurer, ICICI Prudential Life Insurance has launched a unit-linked insurance product ‘ICICI Pru Guaranteed Wealth Protector’, a company release said. This unit-linked product will allow customers to protect their capital on maturity and have a potential for upside through an exposure to equities, it added. As per the company, the product provides […]