PUNJAB POLICY REVERSAL
India may reimpose broken rice export restrictions as prices cross $360 per tonne: IREF
India may reimpose restrictions on exports of 100% broken rice as international prices cross $360 per tonne and domestic demand from ethanol manufacturers and poultry-feed producers increases, the Indian Rice Exporters' Federation (IREF) has warned. No fresh curbs have been announced so far.
Govt should roll-back population control rules, incentives: EAC-PM Working Paper
The paper, titled ‘the Ghost of Population Past’and co-authored by Sanjeev Sanyal, member of the Economic Advisory Council to the PM, Aakanksha Arora, director, EAC-PM and Virat Singh, consultant, EAC-PM, said there is no need for India to suppress the total fertility rate (TFR) any further else we risk falling into a low-fertility trap sooner, citing historical experience of other countries.
Punjab: AAP govt withdraws land pooling policy
Facing strong opposition from political rivals and farmer organizations, the AAP government in Punjab has withdrawn its land pooling policy. The Punjab and Haryana High Court had also ordered a temporary halt to the policy's implementation.
After Gurpatwant Singh Pannun's threat, Bhagwant Mann says won't let 'anti-Punjab' forces succeed
Speaking on the sidelines of a function to hand over job letters to youths, the chief minister said such threats are a natural outcome of the zero-tolerance policy adopted by his government against anti-Punjab forces and efforts are on to bring back criminals involved in anti-national activities from safe havens abroad to punish them.
Punjab Investors summit begins in Mohali
Speaking on the occasion, Mann said that Punjab welcomes these entrepreneurs on the occasion and hopes that with their cooperation, the state will soon give a major push to industrial growth.
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Punjab CM announces single window in every district for investors
During an interactive meeting with the industrialists here, the Chief Minister said the single windows will enable them to get clearances for their projects in a prompt, smooth and hassle-free manner.
Tata Technologies evinces interest in setting up EV production centre in Punjab
A delegation comprising global CEO of Tata Technologies Warren Harris, President Global HR and IT Pawan Bhageria and others evinced keen interest to set up this unit in the state with current investment of Rs 250 crore and future investment of Rs 1,600 crore, said the release.
Gradual unwinding of liquidity measures to support growth, keep inflation under control: Bankers
The six-member MPC kept the repo rate unchanged at 4 per cent and maintained an accommodative policy stance.The RBI also suspended the G-Sec Acquisition Programme (G-SAP) and is proposed to undertake five 14-day variable rate reverse repo (VRRR) auctions on a fortnightly basis between today and December 3, 2021.
Manpreet Badal woos industrialists to make huge investments in Punjab
While presiding over the session on Punjab industrial scenario during 8th Invest North organised by CII, Punjab here, the Finance Minister recalled the unparalleled contributions of Punjab in steering our great nation to its independence.
India’s firm policy pushes more Rohingyas to Bangladesh
According to BSF officials, at least 50 such Rohingya immigrants, who had been living in India for years, crossed over to Bangladesh over the past few weeks.
NDA to introduce crop insurance to secure farmers: Sukhbir Badal
Canvassing for his wife Harsimrat Kaur Badal in this Lok Sabha constituency, he said the NDA would also provide agricultural loans at cheaper rates of interest.
Government's manufacturing zones land in trouble
Five states find it hard to acquire vast tracts of land for setting up dedicated zones.
Pratibha Patil to discuss farm sector reforms with governors
President Pratibha Devisingh Patil will meet on Thursday the governors of states to study and recommend measures to revitalise Indian agriculture.
Union Bank of India hikes minimum lending rate by 50 bps to 10 pc
This comes within days of the Reserve Bank announcing an increase in its short-term lending and bank savings rates to tackle inflation.
Bank of Maharashtra, State Bank of Mysore raise lending rates by 25 bps
Two state-owned lender-- Bank of Maharashtra and State Bank of Mysore today hiked lending rate by 25 basis points in line with other lenders.
SBI ups interest rates by 25 bp
With the increase in base rate, all kinds of loans excluding housing and auto loans would be dearer by at least 25 basis points (0.25%).
PNB, PSB, Allahabad Bank raise deposit, lending rates
Within a week of the Reserve Bank hiking key policy rates, several lenders, including PNB, today announced an increase in their deposit and lending rates by up to 100 basis points.
Rate swings kept banks busy in 2010
Tight monetary policy ensured rate movement that may continue in 2011.
Banks preoccupied with working interest,deposit rates in 2010
RBI's tight monetary policy brought about constant movement in the lending and deposit rates by banks during 2010.
Banking stocks gain 0.7% on expected policy action
The banking counters rebounded after an on-the-expected-line policy action by the Reserve Bank today taking the BSE Bankex nearly one per cent up, led by the market leader State Bank which gained over one percent.
Bankers see RBI raising key policy rates on Tuesday
Faced with the menace of double-digit headline inflation, the Reserve Bank is likely to increase key policy rates by at least 25 basis points.
Finmin sees rate hike in monetary policy review
THE Reserve Bank of India (RBI) is expected to tighten the monetary policy to tame inflation, a senior finance ministry official said. The central bank’s quarterly monetary policy review is due on April 20.
PNB to cut lending and deposit rates
Punjab National Bank chairman & MD K C Chakrabarty said on Tuesday that there is scope for 50-100 basis points cut in both lending and deposit rates.
After CRR, RBI may now slash repo rate: Bankers
After slashing the requirement for banks to keep cash with the central bank (CRR) by 150 basis points, the Reserve Bank may now go for a cut in short term lending rate (repo) by 25-50 basis points.
NHB softens age limits on reserve mortgage loans
National Housing Bank has pruned the age restriction for availing loan by senior citizens under RML.
Bankers see no major change in policy review
Bankers do not expect any major changes in key interest rates by the Reserve Bank of India in its quarterly review of the monetary policy on October 31.
Bankers see no major change in policy review
The interest rates are expected to be stable.
RBI expected to hike short-term rates
Bankers expect Reserve Bank of India to hike its short term interest rates by 0.25 per cent next week to contain price rise as economic growth and credit demand continues to be robust.
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