Sensex remains in green despite RBI status quo

Mumbai: Continuing its upward trend, the benchmark BSE Sensex rallied by over 129 points despite the Reserve Bank keeping the interest rate unchanged. The Sensex, which gained over 100 points in the early trade, was quoting higher by 129.13 points, or...

RBI keeps interest rates unchanged at 6.50 per cent

Mumbai/Nagpur: As expected, the Reserve Bank of India has kept its policy interest rate unchanged at a five-year low of 6.50 per cent on Tuesday, while signalling the prospect of another cut later this year if monsoon rains dampen upward...

Burning coal in WCL’s open mine puts lives of miners, others in peril

Nagpur: A Mazri-based open coal mine of WCL is proving to be life threatening to people residing nearby it. The huge quantity of coal kept in open at Naglone mine is often found burning and emitting toxic gases and smoke....

Raghuram Rajan’s second term gets 60,000 online petitions

Mumbai/Nagpur: With numerous political and corporate opinions swarming over RBI Governor Raghuram Rajan's tenure, internet is also abuzz with at least seven online petitions doing the rounds in support of a second term for him and have together garnered nearly...

NVCC felicitates SECR DRM Amit Agrawal

Nagpur: Nag Vidarbha Chamber of Commerce (NVCC) on Thursday welcomed and felicitated the newly appointed Divisional Railway Manager of South East Central Railway Amit Agrawal at his office. The NVCC President Prakash Mehadia presided over the simple function. The DRM...

RTI stunner: Banking industry loses Rs 4.64 lakh crore in bad loans in India

Representational pic Nagpur: This RTI reply will leave you stunned. And the stunner is banking industry of the country. A staggering Rs 4,63,941 crore of public money has been lost by public sector banks and private sector banks in India....

Long awaited canteen in WCL headquarters inaugurated

Nagpur: Under the aegis of Welfare Department of Western Coalfields Limited (WCL) long awaited canteen in its headquarters was inaugurated today on June 1, 2016. The canteen was inaugurated at the hands of female workers of the company in gracious presence...

Milap Chand takes over as Chief Regional Manager of The Oriental Insurance Co. Ltd.

Nagpur: Milap Chand, a 1987 Direct Recruit Officer took over as Chief Regional Manager at Regional Office of The Oriental Insurance Co. Ltd. Prior to joining at Nagpur Regional Office, he served as Regional Manager at Raipur Regional Office of...

Pay more for phone bills, travel from today

Nagpur: A slew of additional taxes announced in the Budget will kick in from Wednesday.  The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to...

India world’s fastest growing economy, GDP grows 7.9% in Jan-Mar quarter

• India cemented its position as the world's fastest-growing economy, with March quarter GDP growth of 7.9%
• The latest data is much better than consensus estimates of 7.5 per cent growth in Q4

Proper revision makes Chartered Accountancy exams enjoyable: CA Kirit Kalyani

CA Kirit Kalyani Nagpur: WICASA 2016, Nagpur Branch of ICAI, is continuously striving to serve the CA Students fraternity with the tag line - KYC (Keep Yourself Committed), informed Chairman, Nagpur Branch of WICASA of the Institute of Chartered Accountants...

NRHA contribute 1.5 lakh for river cleaning to NMC

Nagpur: Nagpur Municipal Corporation (NMC) under the campaign Sansad Jal, Paryavaran Rakshan Yojana had started 28-day drive cleaning of three rivers which flows through the city - Nag, Pili and Pora and for this NMC had asked City’s trade associations...

No TDS For PF Withdrawals of up to Rs 50,000 From June 1

Representational Pic New Delhi/Nagpur: No tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1. The government has notified raising the threshold limit of PF withdrawal for deduction of tax from existing Rs 30,000...

Government rolls back Budget decision to apply 1% tax on cash purchase of gold jewellery

New Delhi: It's good news for jewellers and customers as the government has rolled back its budget decision to apply 1% tax on cash purchase of gold jewellery. The jewellers had earlier been on a 45-day strike after Finance Minister Arun...

Extend tax holiday for startups to 7 yrs: Nirmala to FinMin

New Delhi: The Finance Ministry should consider raising tax holiday for startups to 7 years from the current 3 years to encourage budding entrepreneurs, Commerce and Industry Minister Nirmala Sitharaman today said. Sitharaman said lots of inputs from startups have...

Politicians must avoid comments on second term for Rajan: Assocham

Mumbai: As RBI Governor Raghuram Rajan faces heat from some sections of BJP, industry body Assocham on Friday said he has an "impeccable track record" and politicians should restrain from commenting on a second term for him and leave it...

Rajan’s reappointment should not be of media’s interest: Modi

New Delhi/Nagpur: Prime Minister Narendra Modi has said the issue of reappointment of RBI Governor Raghuram Rajan was an administrative subject and it should not be an issue of interest of the media, in his first comments in the wake...

CA Julfesh Shah nominated on National Economic Advisory Committee

Nagpur: Senior Chartered Accountant CA Julfesh Shah has been nominated on the National Economic Advisory Committee, ICAI. New Delhi. This newly constituted committee serves to promote effective Research on Economic Affairs of the country. Research will be done on various...

WCL revived Ancillary Policy to promote Make in India

Nagpur: Western Coalfields Limited (WCL), Nagpur based Miniratna PSU has revived its Ancillary Policy to boost the growth and development of local Industries. In absence of proper government guidelines, the term of WCL ancillaries was not extended since 2011. New MSE...

Subramanian Swamy views on Raghuram Rajan not BJP’s, says Amit Shah

Mumbai: BJP chief Amit Shah on Wednesday distanced the party from Subramanian Swamy's strident attack on RBI governor Raghuram Rajan, making it clear that the newly nominated Rajya Sabha MP was not articulating the view of the outfit in office,...