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By Komal Shan On 21 Jul, 2016 At 09:59 AM | Categorized As Business | With 0 Comments

PCI NEWS:-New Delhi: Indian Railways is likely to introduce optional insurance scheme for all reserved category passengers from next month. As per sources, Railway Ministry has cleared a proposal of its subsidiary Indian Railway Catering and Tourism Corporation (IRCTC) for the new passenger-friendly scheme in which the travellers with valid reserved tickets in all classes […]

By Komal Shan On 20 Jul, 2016 At 09:48 AM | Categorized As Business | With 0 Comments

New Delhi: Banking on support from regional parties for passage of the GST Bill, Government on Wednesday expressed hope that the Rajya Sabha will clear the indirect tax reform in the first week of August. Minister of State for Finance Arjun Ram Meghwal said the Congress’ demand for capping the GST rate in Constitution is […]

By Komal Shan On 19 Jul, 2016 At 08:50 AM | Categorized As Business | With 0 Comments

PCI NEWS:-The government on Tuesday announced the infusion of Rs 22,915 crore in 13 state-run lenders in a bid to boost the liquidity in the banking system. The capital infusion is part of the ‘Indradhanush’ plan under which state-run lenders will get Rs 70,000 crore over four years. The capital infusion has been necessitated because […]

By Komal Shan On 18 Jul, 2016 At 09:39 AM | Categorized As Business | With 0 Comments

PCI NEWS:-Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation (EPFO) may invest up to 12 per cent of its investable amount in equities over a period of time, reports PTI. According to the minister, as on June 30, the EPFO invested Rs 7,468 crore in two index-linked ETFs (Exchange Traded Funds) one […]

By Komal Shan On 16 Jul, 2016 At 09:08 AM | Categorized As Business | With 0 Comments

PCI NEWS:-New Delhi: Three Indian naval ships have been sent to Malaysia as part of a deployment of the Eastern fleet to South China Sea and western pacific. The three Indian ships are – INS Sahyadri, INS Shakti and INS Kirch The deployment becomes significant as these ships are also likely to conduct exercises with […]

By Editorial Staff On 20 Jun, 2016 At 10:05 AM | Categorized As Business | With 0 Comments

PCI NEWS:-Dubai: The UAE and Germany reviewed means to strengthen economic relations and develop partnerships between the business communities in the two countries. Mohammed Ahmed bin Abdul Aziz Al Shehhi, Under-Secretary of the Ministry of Economy for Economic Affairs, and Felix Neugart, CEO of the German Emirati Joint Council for Industry and Commerce, during the […]

By Editorial Staff On 20 Jun, 2016 At 10:57 AM | Categorized As Business | With 0 Comments

PCI NEWS:-Mumbai: Key Indian equity indices on Monday morning opened in red following Reserve Bank of India Governor Raghuram Rajan saying no to a second term. The 30-scrip Sensitive Index (Sensex), was trading 139.34 points or 0.52 per cent lower during the morning session.The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also […]

By Editorial Staff On 18 Jun, 2016 At 08:24 AM | Categorized As Business | With 0 Comments

PCI NEWS:-Madurai, Jun 18: If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench here today. Justice M Venugopal dismissed a writ petition filed by a retired Tamil Nadu Electricity Board employee, who sought […]

By Editorial Staff On 17 Jun, 2016 At 10:17 AM | Categorized As Business | With 0 Comments

PCI NEWS:-NEW DELHI: India has extended a 25 percent tax on wheat imports, the food minister said on Friday, to help curb cheap shipments with domestic stockpiles rising at the world’s second-biggest wheat producer. India in March extended the 25 percent import tax on wheat by three months to June 30. The government has approved […]

By Editorial Staff On 17 Jun, 2016 At 10:32 AM | Categorized As Business | With 0 Comments

PCI NEWS:-New Delhi: National Institute of Design (NID), Kurukshetra, will begin its academic session from 2016-17, as part of a measure to help making India a hub for world class designing, an official statement said on Thursday. Commerce Minister Nirmala Sitharaman has given approval to begin the academic session 2016-17 for NID Kurukshetra, a ministry statement […]