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First quarter deficit at 10% of FY11 target on 3G inflows
Posted: July 30th, 2010, 3:55pm EDT
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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
Posted: July 30th, 2010, 3:45pm EDT
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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
Posted: July 30th, 2010, 3:14pm EDT
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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
Posted: July 30th, 2010, 1:42pm EDT
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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
Posted: July 30th, 2010, 7:03am EDT
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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
Posted: July 30th, 2010, 6:53am EDT
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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
Posted: July 30th, 2010, 6:49am EDT
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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
Posted: July 30th, 2010, 5:47am EDT
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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
Posted: July 30th, 2010, 2:52am EDT
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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
Posted: July 30th, 2010, 1:49am EDT
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India on Friday said it would give banks Rs 48.68 billion ($1.05 billion) to compensate them for offering cheap loans to farmers.