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Posted under on 21 Mar,17 9p.m.
The government today proposed to lower the cash transaction limit to Rs 2 lakh, from Rs 3 lakh announced in the Budget, as it introduced 40 amendments to the Finance Bill in an unprecedented move.As the Finance Bill was taken up for consideration in the Lok Sabha, the opposition parties including TMC, BJD and RSP protested against the introduction of these many amendments, saying it was being done....
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Posted under on 18 Mar,17 11:01a.m.
The Union Cabinet have approved the National Health Policy, which proposes to provide “assured health services to all” in the country at an affordable cost. The main objective of the policy is to achieve the highest possible level of good health and well-being, through a preventive and promotive health care orientation in all developmental policies, and to achieve universal access to good quality ....
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Posted under on 08 Mar,17 11:49p.m.
An Aadhaar-based app has been launched that will not only do away with the need to carry debit or credit cards, but also cellphones. For the consumer, what could be the most attractive feature of Aadhaar Pay is that it does not impose any transaction fee on the consumer. The android app -- launched by IDFC bank -- needs to be carried only by the shopkeeper. All the consumer needs to do is carry he....
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Posted under on 06 Mar,17 9:57p.m.
The State Bank of India (SBI) has decided to increase - by several times - the minimum balance required to maintain a savings account.The monthly average balance (MAB) requirement has been increased to as high as Rs 5,000 for branches in six metros. The minimum balance is expected to be raised from April 1. The move will hit 31 crore depositors, including pensioners and students.The benchmark for ....
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Posted under on 29 Nov,16 1:11p.m.
Looking to boost the housing sector, the Modi government is mulling a new scheme that may use money from the demonetisation drive. According to an ET Now report, the government is keen to boost the housing sector via a new scheme and is already in discussion with the RBI. The new housing scheme may be announced as early as the Union Budget 2017, which is expected to be presented on February 1. The....
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Posted under on 19 Jul,16 7:21p.m.
Tipu Sultan, Maharana Pratap and Aurangzeb are surveying the vast open valleys hugging the mountain ranges of eastern Ladakh, ready to counter any threat from China, which lies just across the border. If you are wondering how the three rulers, separated by hundreds of years, have come together, these are the names of three tanks of a regiment the Indian Army has positioned about six to eight mont....
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Posted under on 15 Jun,16 7:53p.m.
The Cabinet has approved the new civil aviation policy that focuses on taking "flying to the masses" and to make it "affordable, convenient, cheap."The long-awaited policy will make it simpler for new domestic airline companies to start flying international routes, will make short-span travel cheaper, and lots more.The final draft of the civil aviation policy was sent to the cabinet on June 3. How....
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Posted under on 19 May,16 7:36p.m.
Indian Space Research Organisation is preparing for the test flight of the Reusable Launch Vehicle (RLV) on 23 May. So far only US, Russia, France and Japan have successfully launched space shuttle. With this indigenous initiative, India will be joining this elite group.The RLV-TD (Reusable Launch Vehicle - Technology Development) took five years to be built, at a cost of just Rs 95 crore. The lau....
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