MUMBAI: People without a bank account in India would soon be able to withdraw cash from an automated teller machine (ATM) with the use of mobile technology, Reserve Bank of India Governor Raghuram Rajan announced here Wednesday. At present, only bank account holders can withdraw cash from an ATM. “We have recently approved the in-principle […]
BEIJING: China’s gold consumption crossed 1,000 tonnes for the first time ever in 2013, reinforcing its status as the world’s top consumer. China’s gold consumption touched 1,176.4 tonnes from 832.2 tonnes, a year-on-year increase of 41.4 percent, latest statistics released by China Gold Association showed. The statistics show although the gold output and consumption in […]
NEW DELHI: Petroleum Minister Veerappa Moily, RIL Chief Mukesh Ambani, former Union Minister Murli Deora and retired Director General of Hydrocarbons VK Sibal were Wednesday named in an FIR by Anti-Corruption Branch of Delhi Government in the Reliance gas issue. The FIR by the ACB was registered a day after Chief Minister Arvind Kejriwal said […]
LONDON: Gold today declined from the highest price since November as rising equities cut demand for a haven and on speculation the metal’s advance will deter physical purchases. Gold fell by 0.4 per cent to $1,285.97 an ounce. It reached $1,293.93 yesterday, the highest since November 14. Silver also fell 0.4 per cent to 20.14 […]
JAMMU: Minister for Planning and Development, Ajay Sadhotra informed the House Wednesday that Planning and Development Department has released an amount of Rs 19,900 crore during last three financial years under different sectors in the State. Replying to a question by Mohammad Sharief Niaz, the minister said that an amount of Rs 6000 crore was […]
NEW DELHI: Ushering in a new pricing regime through a transparent process, Railway Minister Mallikarjun Kharge Wednesday announced in the interim rail budget constitution of an independent Rail Tariff Authority (RTA) to advise the government on fixing of fares and freight. Describing the setting up of RTA as “a path breaking decision”, Kharge said, “Determination […]
Jammu: The J&K State Women Development Corporation Wednesday crossed Rs 80 crore loan disbursements with Minister for Social Welfare, Sakina Itoo giving away cheques worth Rs 86 lakh to loanees during a awareness camp cum loan mela held at Kalyanpora, Zhiri, here, according to an official statement. This initiative of the Corporation has enabled more […]
NEW Delhi: India Inc Wednesday said the government’s focus on modernisation and expansion of the country’s vast rail network without touching passenger fares and freight rates was a step in the right direction. Expressing happiness on no populist measures being incorporated in the budget, PHD Chamber of Commerce President Sharad Jaipuria said: “The focus was […]
Jammu: Jammu and Kashmir government Wednesday said that no ration cards will be issued to new families, as government of India is providing food grains on the basis of projected population of year 2000 while the population has increased much more since then. While replying to a question in the House, The Consumer and Public […]
NEW DELHI: The interim Railway Budget for 2014-15 today contained reforms proposals for opening the sector to domestic and foreign investors and a tariff authority to rationalise fares and freights, end cross subsidisation and enlarge the dynamic fare scheme. The vote-on-account Budget, presented by Railway Minister Mallikarjun Kharge, do not contain any revision of fares […]