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PSBs disburse Rs.2.39 lakh crore credit in November, says Fin Min

New Delhi, Dec. 3 -- To increase access to funds, public sector banks (PSBs) disbursed as much as Rs.2.39 lakh crore credit in November to non-bank lenders, large and small businesses, as well as the ... Read More


Indian Railways' FY18 operating ratio worst in 10 years, says CAG

New Delhi, Dec. 2 -- Indian Railways' operating ratio was at its worst, hitting a 10-year high of 98.44% in 2017-18, according to Comptroller and Auditor General of India (CAG). "The operating ratio ... Read More


UPI clocks 1.2 billion transactions in November

New Delhi, Dec. 2 -- The number of transactions via real-time payments system Unified Payments Interface (UPI) continued to rise, clocking 1.2 billion transactions in November, National Payments Corp.... Read More


Government mulls cap on surge pricing, penalty against drivers of cab aggregators

New Delhi, Nov. 28 -- The Centre is likely to cap surge pricing charged by taxi aggregators such as Ola and Uber. This and other such regulations will be part of a framework being rolled out for cab a... Read More


Rajya Sabha passes Chit Funds (Amendment) Bill, 2019

New Delhi, Nov. 28 -- The Rajya Sabha on Thursday passed the Chit Funds (Amendment) Bill, 2019, to streamline operations of collective investment schemes or chit funds, with the aim to protect investo... Read More


Cabinet approves India-Chile double taxation avoidance treaty

New Delhi, Nov. 27 -- The Union Cabinet on Wednesday approved the Double Taxation Avoidance Agreement (DTAA) between India and Chile. The tax agreement helps tax-payers in these countries avoid being ... Read More


India's scrappage policy hits another roadblock

New Delhi, Nov. 22 -- India's long-delayed attempt to frame a vehicle scrappage policy has hit another roadblock. This time, federal policy think-tank NITI Aayog has raised concerns on a draft volunt... Read More


Govt plans to use data from FASTags to monitor traffic, rework road toll policy

New Delhi, Nov. 22 -- The government plans to use real-time data from electronic toll collection devices to monitor traffic and rework India's decade-old road toll policy, two government officials awa... Read More


Cabinet approves amendments in TOT model

New Delhi, Nov. 20 -- The Cabinet Committee of Economic Affairs on Wednesday approved amendments in National Highways Authority of India's (NHAI's) Toll Operate Transfer (TOT) model to make it more at... Read More


Lok Sabha passes Chit Funds (Amendment) Bill

New Delhi, Nov. 20 -- The Lok Sabha on Wednesday passed the Chit Funds (Amendment) Bill, 2019 that seeks to streamline operations of chit funds in India and protect the interests of investors, mainly ... Read More