Dena Bank, LIC sign MoU to provide life cover under PMJBY
State-run lender Dena Bank on Monday signed agreement with LIC to provide insurance cover to its savings account holders under the Prime Minister’s Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) scheme. Under the Memorandum of Understanding, LIC will give a life cover of Rs 2 lakh in case... read more »
Banking sector must grow by 4-5 times to finance higher GDP: Jayant Sinha
For accelerating and sustaining growth over the next decade from the present 7-8%, India has to move from the $2 trillion economy to $4-5 trillion economy, Jayant Sinha, Minister of State for Finance, said. Speaking on the imperatives of financing growth, Sinha, dwelt upon three broad areas which... read more »
Gold futures down 0.19% on profit-booking
NEW DELHI: Gold futures declined 0.19 per cent to Rs 26,945 per 10 grams as investors indulged in booking profits at prevailing levels amidst a weak trend in global markets. Gold prices fell by Rs 52, or 0.19 per cent, to trade at Rs 26,945 per 10 grams for delivery in June at the Multi Commodity... read more »
RBI policy: Raghuram Rajan holds rate but sends out a strong message to ban...
For a change, there wasn’t any surprise in the Reserve Bank of India’s (RBI) first bi-monthly policy of fiscal year 2016. The status-quo in the repo rate and cash reserve ratio (CRR) were maintained at 7.5 percent and 4 percent, respectively. Repo rate is the rate at which banks get money form... read more »
Police kill 20 sandalwood smugglers in Andhra Pradesh
TIRUPATI: Twenty red sanders smugglers were killed in an alleged encounter with a joint team of special police and forest personnel in the Seshachalam forests of Chittoor district in the... read more »
Kejriwal to lead AAP rally against land bill
Delhi Chief Minister Arvind Kejriwal will address an Aam Aadmi Party (AAP) rally against the BJP’s land acquisition bill at Jantar Mantar and will also lead a march to Parliament on... read more »
Kenya al-Shabab attack: Bodies recovered from Garissa university
Grief-stricken relatives have gone to identify bodies at a university in north-eastern Kenya where al-Shabab militants killed at least 147 people. The BBC’s Anne Soy at Garissa... read more »
Iran, world powers seal ‘historic’ nuclear deal, here’s what the agreeme...
After months of negotiations, Iran and key world powers have agreed on the framework of a landmark deal that is aimed at addressing Western concerns about Tehran’s nuclear programme. The... read more »
Another BJP MP defends tobacco, says ‘no proof smoking caus...
NEW DELHI: Yet another BJP lawmaker has come out in defence of tobacco industry and said that smoking does not have any negative impact on health. According to NDTV, BJP MP from Assam, Ram Prasad... read more »
