SBI signs loan pact with EIB
State Bank of India (SBI), India’s largest bank and the European Investment Bank (EIB), the European Union’s long-term lending institution, signed a loan agreement for Euro 100 million to be utilised for on-lending to private businesses in the country. “This is third tranche of a total loan... read more »
Air India brings back passengers stranded at Budapest
Air India on Friday pressed into service two of its India bound international flights to bring back passengers stranded at Budapest, the capital of Hungary. The flights arrived in Mumbai and Delhi late in the afternoon, Air India officials said. Last night Air India flight AI 130 from London to... read more »
Direct Tax collections up 13% in April-Dec
Gross direct tax collections – including tax on personal and corporate incomes – from April to December of financial year 2014-15 are up by 12.93 per cent at Rs. 5,46,661 crore as against Rs. 4,84,063 crore collected during the same period in 2014. The rate of growth of the collections is just... read more »
Reserve Bank modifies ECB policy
The Reserve Bank of India (RBI) on Friday relaxed norms for the External Commercial Borrowing (ECBs) by allowing banks and companies to restructure and reschedule the existing borrowings. The modification to the ECB policy will come into force with immediate effect. “The RBI allowed changes /... read more »
