|
First quarter deficit at 10% of FY11 target on 3G inflows
The pressure on government finances has eased considerably after the the windfall from auction of 3G spectrum and a pick up in tax collections.
Banks get Rs 4868 cr for crop loan
The government on Friday decided to release Rs 4,868 crore to state-owned banks for providing short-term crop loans to farmers at a concession of up to 4% to lending rates.
Forex reserves jump $1 billion to $283 billion
Foreign exchange reserves rose sharply during the week ended July 23, largely on account of inflows through the portfolio investment route and partly due to revaluation of non-dollar assets in reserves.
Govt to set up $10-bn infrastructure debt fund
Govt plans to set up a $10-billion infrastructure debt fund for long-term financing infrastructure projects across the country, Planning Commission deputy chairman Montek Singh Ahluwalia said late Friday.
Olympus targetting Rs 136 crore revenue from India
Olympus Imaging Corporation, leading player in new generation cameras, will be expanding its presence in Tier 2 and Tier 3 cities, hoping to increase its business revenue from India operations this year to rs 136 crore.
India April-June fiscal deficit at $8.64 bn: Govt
India's fiscal deficit for the April-June quarter touched Rs 401.96 billion ($8.64 billion), or 10.5 per cent of the full-year target, mainly due to receipts of about Rs 1 trillion from sale of radio spectrum.
Unions opposed to SAIL disinvestment: Government
SAIL's 20 per cent share sale plan to mop up about Rs 16,000 crore, earlier planned in October-November this year, already faces some regulatory hurdles.
Global VC investment in India doubles to USD 182 mn in Apr-Jun
Investments grew in almost every venture hub globally in the April-June quarter, a sign of recovery in global economy.
Govt to infuse Rs 4,868 cr into state-owned banks
he decision, taken at a Cabinet meeting, will help lenders provide farmers short-term crop loan at 7 per cent interest.
India to give banks $1 bln for cheap farm loans
India on Friday said it would give banks Rs 48.68 billion ($1.05 billion) to compensate them for offering cheap loans to farmers.
India Inc increases reliance on external funds
Total resources, including bank & non-bank funds have gone up more than three times during April-June quarter to Rs 250,210 crore. India Inc's most powerful CEOs
Govt counting on PSU dividends to improve finances: Arun Yadav
The government today said it is counting on payouts by public sector units, particularly in the petroleum sector, to improve its finances.
Bihar PSU losses pegged at Rs 3,593 cr as of Sept, 2009
Public sector units (PSUs) in Bihar have suffered an accumulated loss of Rs 3,593.15 crore as of September 30, 2009,
Punjab announces VAT hike, then changes its mind
Barely an hour after it decided to hike value-added tax on petrol "up to 35 per cent" today, the Punjab government made an abrupt volte face and announced that the decision was being deferred.
Banks see a dip in loans & deposits
Banks have seen a dip in both loans as well as deposits in the latest fortnight ended July 16 because of reversal of window dressing efforts.
|
