Govt caps kerosene subsidy at Rs 12/litre, LPG at Rs 18/kg

Last Updated: Monday, August 10, 2015, 13:52

Government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said Monday.

PSU general insurers on promotion spree, elevates 21 DGMs to GMs

Last Updated: Sunday, August 9, 2015, 13:52

In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.

Increase strength of women in PSBs: Parl panel

Last Updated: Wednesday, August 5, 2015, 21:46

A parliamentary panel Wednesday recommended evolving a strategy for women reservation in public sector banks (PSBs) to increase their strength and representation in the banking sector, which it said was "not promising".

Puerto Rico default adds to island`s economic woes

Last Updated: Wednesday, August 5, 2015, 01:21

Puerto Rico`s default on a debt payment for the first time will leave the island closed out of the US financial markets, deepening what is already a serious economic crisis.

IPO of 4 companies to hit stock markets this month

Last Updated: Tuesday, August 4, 2015, 15:22

To tap strong investor sentiments, four companies including Dilip Buildcon and Navkar Corp plans to hit the capital markets this month, to raise an estimated over Rs 1,800 crore through initial public offers (IPOs).

Bankers see higher PPF rate limiting more deposit rate cuts

Last Updated: Sunday, August 2, 2015, 14:55

Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.

Food Corporation gets Rs 13,000 cr as food subsidy from govt

Last Updated: Sunday, August 2, 2015, 11:47

To ensure smooth procurement and distribution of grains, the government has released Rs 13,000 crore as food subsidy to state-owned Food Corporation of India (FCI).

Capital infusion cannot be an endless ritual: House Panel

Last Updated: Friday, July 31, 2015, 21:56

Pulling up public sector banks, the Standing Committee on Finance on Friday said they should generate funds internally for their recapitalisation instead of depending on budgetary support as it cannot be an "endless ritual".

Capital infusion of Rs 20,000 crore in public sector banks likely by September

Last Updated: Friday, July 31, 2015, 20:15

Finance Ministry is expected to disburse about Rs 20,000 crore to various public sector banks in the next two months to shore up their capital base.

Capital infusion of Rs 25,000 crore a good beginning: Rajan

Last Updated: Friday, July 31, 2015, 18:36

Reserve Bank Governor Raghuram Rajan on Friday said Rs 25,000 crore of capital infusion planned by the government in public sector banks this fiscal is "adequate and a good beginning".

PSU banks to raise Rs 1.10 lakh crore from markets in next 4 years

Last Updated: Friday, July 31, 2015, 18:11

Public sector banks will need to raise Rs 1.10 lakh crore from markets to meet more than half of their capital requirement of Rs 1.80 lakh crore over the next four years.

Govt looking at enhancing capital allocation for PSBs: Jaitley

Last Updated: Thursday, July 30, 2015, 20:03

Government is examining the possibility of suitably enhancing the capital allocation for public sector banks (PSBs) during this fiscal, Finance Minister Arun Jaitley has informed the Rajya Sabha.