Government welcomes RBI decision to keep rates intact

New Delhi, Oct 5 : The government on Friday welcomed the Reserve Bank of India (RBI) decision to keep its key benchmark lending rates unchanged, but disagreed with the monetary policy committee’s (MPC) growth forecast. It said the economic growth should be higher than the 7.4 per cent projected by the MPC. “Government welcomes MPC […]

Prabhu calls for mechanism to boost diamond imports from Russia

New Delhi, Oct 5 : India on Friday called for a government-level agreement with Russia for diamond imports in a way that does not adversely impact New Delhi’s balance of payments and announced the setting up of a fast track, single window mechanism for Russian companies. Addressing the India-Russia Business Summit organised here by industry […]

Oil price cut a hogwash, says opposition

New Delhi, Oct 4 : Far from being impressed by the Rs 2.50 per litre cut in petrol and diesel prices by the Narendra Modi government on Thursday, the opposition called the move a “panic reaction” and a hogwash, and demanded greater reduction in fuel prices. The Congress dared the Prime Minister to bring the […]

Cabinet nod for railways’ plans to commercially develop space at stations

New Delhi, Oct 3 : Paving the way for large-scale modernization of railway stations, the Union Cabinet on Wednesday approved Railways’ station redevelopment plans so as to commercially develop space in and around stations, Union Law Minister Ravi Shankar Prasad said on Wednesday. The Cabinet, under the chairmanship of Prime Minister Narendra Modi, also provided […]

Cabinet approves 50% profit over input cost for rabi crops

New Delhi, Oct 3 : A day after farmers protested for higher crop prices on the Delhi-Uttar Pradesh border, the BJP-led government on Wednesday approved MSP for rabi crops ensuring at least 50 per cent profit over production cost, including a Rs 105 hike for wheat. The Cabinet Committee on Economic Affairs (CCEA) chaired by […]

Modi government barbaric, farmers can’t even express plight: Congress

New Delhi, Oct 2 : The Congress on Tuesday dubbed the Modi government “arrogant and barbaric” over the police crackdown on protesting farmers on the Delhi-Uttar Pradesh border even as party President Rahul Gandhi flayed it for not accepting their loan waiver demand. In a series of tweets, Gandhi criticised the government for what he […]