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The 19,500 km work for Bharat Mala project will boost revival of Commercial Vehicles: FADA

Feb 1, 2021

Finance Minister Nirmala Sitharaman today announced the introduction of a vehicle scrappage scheme wherein commercial vehicles that are 15 years old or more and personal vehicles more than 20 years old will have to be scrapped. This announcement has been welcomed as a big boost for the auto sector. Vinkesh Gulati, President FADA said “FADA is…

Money Market Operations as on January 29, 2021

Feb 1, 2021

Money Market Operations as on January 29, 2021 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight…

Business

India 2nd most resilient economy among the top ten leading economies in 2021: PHD Chamber

Jan 31, 2021

The COVID-19 crisis has tested the macroeconomic strength of the economies worldwide. As the Indian economy has gradually come out of the lockdown restrictions, it is not only exhibiting encouraging signs of strong economic resurgence but…

Business

Healthcare likely to be top priority for Budget: ASSOCHAM-Primus Partners’ survey

Jan 31, 2021

New Delhi, 30th January 2021: The healthcare sector is likely to get by far the maximum attention of the government in the Finance Minister, Nirmala Sitharaman's Budget for 2021-22, an ASSOCHAM-Primus Partners' survey has noted. In a…

Business

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The…

Jan 30, 2021

Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed the The Kapol Cooperative Bank Ltd. Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of…

Business

Government needs to keep up the momentum, say Real Estate experts as infrastructure projects post…

Jan 30, 2021

New Delhi, January 30, 2021: There has been a strong recovery in the Indian real estate market, especially in the affordable housing segment, after the lockdown has been eased. The real estate sector, displaying exemplary resilience, has…

Business

Several key points in the survey are in tune with the current requirements of the economy: FICCI on…

Jan 30, 2021

NEW DELHI, 29 January 2021: Commenting on the Economic Survey 2020-21 tabled in the Parliament by the Finance Minister earlier today, Mr Uday Shankar, President, FICCI said, “Several key points made in the survey are in tune with the…

Business

Thrust on Counter Cyclical Fiscal Policy in the Survey Most Reassuring – CII DG on Economic…

Jan 30, 2021

Economic Survey makes candid and convincing assessment of the Indian economy based on objective analysis, enriching content and credible policy direction to take the economy forward The Economic Survey 2020-21 tabled in Parliament today…

Business

Govt of India through PLI scheme to provide incentives to the tune of USD 26 billion to meet SDGs:…

Jan 30, 2021

Amitabh Kant, CEO, NITI Aayog on Thursday said that NITI Aayog is committed to ensure the development of policy frameworks for accelerating sustainable finance flows in India to achieve its SDGs. Addressing the Report Launch…

Business

Reserve Bank of India cancels the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur,…

Jan 30, 2021

Today, the Reserve Bank of India (RBI) has, vide order dated January 28, 2021 cancelled the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect…

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