Chennai, March 16 – Renault-Nissan chief executive Carlos Ghosn Tuesday confirmed that the alliance is in talks with Indian truck maker Ashok Leyland for making small cars.
‘There is a sizeable market for cars in the sub-B segment in all the developing countries. We are in talks with Ashok Leyland for exploring possibility of making cars [...]
New Delhi, March 16 – Parliament Tuesday passed a bill amending and making more stringent the law for protection of ancient sites and monuments and constituting an expert committee to look after their conservation.
The bill, which was passed by the Lok Sabha Monday, was approved by the Rajya Sabha Tuesday.
The bill, which seeks to replace [...]
Chandigarh, March 16 – The Haryana assembly Tuesday made provision for the refund of stamp duty of the notified special economic zones (SEZ) in the state.
This provision was made by enacting the Haryana Special Economic Zone (Amendment) Bill, 2010, which amended Haryana Special Economic Zone (SEZ) Act, 2005.
‘During the course of implementation of the Haryana [...]
Chandigarh, March 16 – Despite a debt touching Rs.64,924 crore, Punjab is moving closer to the national growth rate of 7.2 per cent, Finance Minister Manpreet Singh Badal said Tuesday.
‘In 2008-09, the growth rate for Punjab was 6.40 per cent against the national growth rate of 6.70 per cent. The advance estimates for 2009-10 indicate [...]
Ranchi, March 16 – Jharkhand Deputy Chief Minister Raghubar Das Tuesday warned of action against banks not giving loans to unemployed youth under the Prime Minister’s Employment Generation Programme (PMEGP).
‘It is well known that the banks do not disburse money to unemployed youth under the PMEGP. Suitable action will be taken if the banks do [...]
New Delhi, March 16 – Finance Minister Pranab Mukherjee Tuesday said that there could be a double-digit inflation in March.
‘I will not be surprised if we have a double-digit inflation by March. We are primarily concerned with food inflation. It has to be tackled,’ Mukherjee told the Rajya Sabha during the discussion on the budget [...]
New Delhi, March 16 – The government received no applications from private telecom players to participate in the auction of radio frequency spectrum for third generation (3G) telephony and broadband wireless access (BWA) even on the second day Tuesday after it opened doors for bids.
‘There was not a single application today, but we hope to [...]
Kolkata, March 16 – Kolkata-based Spencer’s Retail hopes to turn its business around in 12-18 months.
The retail arm of power utility CESC had posted a loss of Rs.220 crore in 2008-09.
The company plans to open stand-alone ‘Fish & Meat’ outlets in and around the city, it said in a recent investors’ presentation.
It has launched liquor [...]
New Delhi, March 16 – New banks can now open in rural areas with a population of over 2,000, Minister of State for Finance Namo Narain Meena said Tuesday.
‘To reach the benefits of banking services to the hinterland, it has been proposed to provide appropriate banking facilities to habitations having population in excess of 2000 [...]
New Delhi, March 16 – With anti-terror operations increasingly focusing on the financing of terrorists, the government Tuesday said it has set up the Financial Intelligence Unit to keep track of suspicious bank transactions and pass on such information to law enforcement agencies.
‘Banks are stipulated to file suspicious transaction reports pertaining to remittances/withdrawals from bank [...]
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