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India’s year-on-year exports up 20% in May; imports rise 15%
India's exports during May rose by 20.18 per cent to $28.86 billion from $24.01 billion worth of merchandise shipped out during the corresponding month of last year, official data showed on Friday.
According to data released by the…
NPCI launches Unified Payment Interface (UPI)
The National Payments Corporation of India (NPCI) has launched the Unified Payment Interface (UPI), which would revolutionize the mobile payment system in India.
UPI would be a single app for accessing different bank accounts. Anyone…
Government releases Rs. 25,834 crore to FCI as Food Subsidy
The Government has released today Rs. 25,834 crore to FCI as Food Subsidy. In addition to this, wage and means advance of Rs. 10,000 crore will be released shortly.
FCI is also raising short term loans from banks up to a maximum limit of…
Arun Jaitley inaugurates Sydney Branch of Union Bank of India
Union Finance Minister Arun Jaitley said that banks have to play an important role in achieving the higher growth rate in the country. He said that the banks would be provided sufficient funds to recapitalise them. The Finance Minister was…
Ringing Bells says it is ready to cooperate in inquiry
New Delhi, March 26: Ringing Bells Pvt. Ltd., which promised to make available the world's cheapest smartphone, on Friday said it will cooperate with any investigation into its affairs.
"We remain committed to cooperate with any government…
Pakistan, Iran to boost bilateral cooperation
Islamabad, March 26: Pakistan and Iran have reiterated their resolve to enhance bilateral cooperation in diverse fields, including trade, economy and energy. Pakistani Prime Minister Nawaz Sharif and Iranian President Hassan Rouhani made…
Top officials resign from Punj Lloyd
New Delhi, March 26: Infrastructure major Punj Lloyd's group CEO Jayaram Prasad Chalasani and chief financial officer Shamik Roy have resigned from the company, the company said on Friday.
"Jayaram Prasad Chalasani has resigned from the…
India’s Foreign Exchange reserves rise by $2.53 billion
Mumbai, March 25: India's foreign exchange (Forex) reserves increased by $2.53 billion during the week ended March 18, official data showed on Friday. According to the Reserve Bank of India's (RBI) weekly statistical supplement, the overall…
OPGC installs rooftop solar power project at ITPS
Bhubaneswar, 25th March 2016: Odisha Power Generation Corporation Ltd. (A Govt. Company of the State of Odisha) as part of its demonstration project, has installed a roof top solar project (Photovoltaic) on the top of the existing plant…
JSPL Pellet Plant receives JIPM-TPM Excellence Category “A” Award
Bhubaneswar, March 25, 2016: As a mark of recognition of its excellence in best practice in Total Productive Maintenance (TPM), Pellet Plant of Jindal Steel & Power Limited (JSPL) in Barbil has been awarded with TPM Excellence Category…