RBI cuts interest rate by 25 basis points
In a surprise move, the Reserve Bank of India has cut the key policy rate by 25 basis points, setting the tone for a reduction in lending rates by banks. This will prod banks to drop interest rates on home and car loans. The policy repo rate under the liquidity adjustment facility (LAF) is cut by... read more »
Court bans December 16 documentary, filmmaker says will release it anyway
A Delhi court has banned a documentary film about the December 2012 fatal gang rape of a woman in the Capital over concerns that derogatory comments made by one of the rapists could create an atmosphere of fear and tension but its filmmaker has said it will be released as planned. Leslee... read more »
Government Eyes Rs. 1 Lakh Crore From Spectrum Auction: 10 Facts
The biggest-ever auction of 2G and 3G spectrum started on Wednesday and is likely to fetch the government over Rs.82,000 crore based on the reserve price. But analysts have said that the government will get around Rs. 1 lakh crore from the sale of radiowaves used for mobile telephony. Here is a... read more »
Black money law to allow voluntary disclosure by offenders, 300 pct penalty...
The proposed Bill on unaccounted wealth that the finance ministry will table this Parliament session will allow an opportunity for black money offenders to disclose overseas assets, pay taxes on it along with a 300% penalty in order to avoid prosecution and imprisonment. Central Board of Direct... read more »
