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China seizes up to $157 bn of unspent local govt budgets: Sources

Last Updated: Monday, September 14, 2015, 18:15

Angry Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to spend their budget allocations, sources said, as Beijing seek ways to stimulate economic growth which is at its slowest for 25 years.

US federal budget deficit shrinks

Last Updated: Saturday, September 12, 2015, 10:17

The budget deficit stood at $64.4 billion in August, 50 percent less than the amount recorded a year ago Xinhua quoted the US Treasury Department as saying on Friday.

Lava Pixel V2 first impressions: A selfie smartphone on a budget

Last Updated: Thursday, September 10, 2015, 11:46

Ace fashion photographer Subi Samuel partnering with Lava was present at the event to promote their handset.

Finance Ministry may introduce MUDRA Bill in Budget session

Last Updated: Sunday, September 6, 2015, 14:42

The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.

Gionee's dual-SIM F103 smartphone launched

Last Updated: Thursday, September 3, 2015, 12:59

The 4G-enabled smartphone comes with an 8MP rear camera with LED flash and a 5 MP front snapper for selfies.

Ratan Watal new Finance Secy, new team takes charge

Last Updated: Monday, August 31, 2015, 22:15

Ahead of beginning of work on the Budget for 2016-17, government Monday designated Ratan P Watal as new Finance Secretary even as a new team of officials took charge at the finance ministry.

April-July fiscal deficit at 69.3% of Budget estimates

Last Updated: Monday, August 31, 2015, 19:26

The fiscal deficit in the first four months of current financial year stood at Rs 3.85 lakh crore, or 69.3 of Budget estimates for 2015-16, as government stepped up its plan expenditure.

Delhi govt flags off mobile vans with onions to ease prices

Last Updated: Friday, August 28, 2015, 22:17

In a bid to provide onions at subsidised rates, Delhi Development Minister Gopal Rai on Friday flagged-off mobile vans from Azadpur Mandi to different parts of the city for the vegetable to be sold at "model price".

This online service provides onions at flat 50% discount: Read inside

Last Updated: Friday, August 28, 2015, 18:18

The offer would be available in 10 cities across the country.

Budget 2016-17: FinMin to start consultations from September 4

Last Updated: Wednesday, August 26, 2015, 21:43

Finance Ministry will start consultations on 2016-17 Budget with different ministries and government departments from September 4.

Oppo R5s launched in India at Rs 15,200

Last Updated: Tuesday, August 25, 2015, 18:22

Oppo has launched a new smartphone in India, the R5s. The phone is the successor to the super slim R5, and the new model follows the same design principle.

Limited edition of Mi4i variants to go on sale today

Last Updated: Tuesday, August 25, 2015, 12:22

The Mi 4i comes with a 5-inch 1080p display, an 8-core 64-bit Snapdragon 615 second generation processor .