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PM Modi Launches MUDRA Bank

- Alive/NNC Correspondent   07-04-2015

Prime Minister Narendra Modi has launched MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).Big industrial houses provide jobs to only 1.25 crore people, while small entrepreneurs employ 12 crore people, Modi said after launching the Mudra

No Change In RBI Interest Rates

- Alive/NNC Correspondent   06-04-2015

Reserve Bank has made no change in interest rate in its annual monetary policy due to increased food prices after unseasonable rains in various parts of the country.The repo rate, at which the Reserve Bank of India lends to banks, has been retained at 7.50 percent. The cash reserve ratio

Rupee Gets 37 Paise Stronger Against Dollar

- Alive/NNC Correspondent   05-04-2015

The rupee appreciated by 37 paise to 62.12 against the dollar in early trade today at the Interbank Foreign Exchange after the American currency weakened overseas amid a higher opening in the domestic equity market.Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the

Sensex Rises 107 Points

- Alive/NNC Correspondent   05-04-2015

The benchmark BSE Sensex rose over 107 points in early trade today on increased buying by funds and retail investors on encouraging manufacturing data for March.The 30-share index, which had gained 302.65 points in the previous session on last Wednesday, jumped further by 107.44 points, or 0.38 per cent, to 28,367.58.Also, the National

Gold Reaches Rs 27,000 Mark

- Alive/NNC Correspondent   03-04-2015

Gold prices rose for the third straight day to regain the Rs 27,000 per 10 grams level at the bullion market on Saturday on the back of strong demand.However, silver prices remained steady at Rs 37,600 per kg on scattered demand from industrial units and coin makers.In the national capital, prices

Print Note On Indian Paper: PM Modi

- Alive/NNC Correspondent   02-04-2015

Prime Minister Narendra Modi Took his Make in India ideology, exhorting the Reserve Bank of India to ensure that currency notes are printed on Made in IndiaPaper with Indian ink.On the occasion of RBI’s 80th anniversary, Modi while addressing the top brass raised the topic of ‘

Will Make Tax Structure Non-Adversarial: Jaitley

- Alive/NNC Correspondent   01-04-2015

 Union Finance Minister Arun Jaitley has said that the government would restore the credibility of decision-making, while easing processes and making India's tax structure non-adversarial.Speaking at the inaugural session of RBI conference on financial inclusion here, Jaitley reiterated the government's promise to make India

Around Rs 14,000 Crore Was Deposited In Jan Dhan Accounts: PM Modi

- Alive/NNC Correspondent   02-04-2015

 Prime Minister Narendra Modi has said as much as Rs 14,000 crore was deposited in Jan Dhan accounts. He asked the RBI to prepare 20-year roadmap for financial inclusion. Narendra Modi also said the Reserve Bank of India has taken up the issue of financial inclusion in a very big

Petrol, Diesel Prices Cut Down

- Alive/NNC Correspondent   31-03-2015

Passing on the benefits of a drop in international crude oil prices, public sector oil marketing companies announced a reduction in auto fuel prices.The retail price of petrol has been cut by 49 paise per litre and that of diesel by Rs 1.21 per litre. With this change, the price of

Sensex Registered Best Gain In 2014-15

- Alive/NNC Correspondent   30-03-2015

Registering a hefty rise of 25 percent in 2014-15, benchmark Sensex on Tuesday capped its best show in six fiscal years mainly driven by surge in foreign inflows after the Narendra Modi-led government took charge.For the day, however, the BSE Sensex settled in the red after giving up early gains

Sensex Surges Over 500 Points

- Alive/NNC Correspondent   29-03-2015

 The BSE benchmark Sensex on Monday surged 517.22 points or 1.88 percent to close at 27975.86 and the Nifty rallied 150.90 points or 1.81 percent to close at 8492.30 points.Idea Cellular was the biggest gainer on Nifty, up 6.21 percent. UltraTech Cement, Asian Paints, HDFC, Bharti Airtel, ONGC, Axis Bank and L&T rallied 3

Sensex Down By 802 Points

- Alive/NNC Correspondent   27-03-2015

The benchmark BSE Sensex plunged by 802 points to end at ten-week low of 27,458.64 on across-the-board selling, prompted by geo-political worries, and expiry of derivatives contract on March 26.The NSE Nifty also tumbled by 230 points to end the week at ten-week low of 8,341.40.Starting the week on a sluggish note, markets

Google To Pay $70 Million To New CFO

- Alive/NNC Correspondent   26-03-2015

According to reports, Google has agreed to pay its new CFO,Ruth Porat, about 70 million dollars in total compensation by 2019.An SEC filing revealed on Thursday that the package would include a five million dollar signing bonus, a 25 million dollar new hire grant that begins vesting at the end of

Banks To Remain Shut For Week

- Alive/NNC Correspondent   25-03-2015

Banks will be shut for almost a week thanks to holidays and annual closing of accounts for the financial year. The eight days from March 28 to April 5 will result in a lot of disruption in financial transactions, in stock markets, normal commercial deals, export shipments, import consignments and salary

Sensex Up By 650 Points

- Alive/NNC Correspondent   25-03-2015

The benchmark BSE Sensex rose by over 650 points while Nifty slipped below the 8,400-level on Thursday as participants indulged in offloading positions in view of monthly expiry in the derivatives segment amidst weak global cues.The 30-share barometer, which had lost 624.55 points in the previous six sessions, dipped below the 27,500

Know Your RuPay Debit Card

- Alive/NNC Correspondent   24-03-2015

The RuPay pre-paid cards, launched by IRCTC in collaboration with the Union Bank of India and the National Payment Corporation of India, is the country's own card payment gateway network like Visa and Master Card, and provides an alternative system for banks to provide a debit card service.Here

IRCTC Launches RuPay Pre-paid Debit Card

- Alive/NNC Correspondent   23-03-2015

Railway passengers can now book their tickets, do shopping and pay service bills using RuPay pre-paid cards, as the IRCTC launched the debit card service today.The service was launched by the Indian Railway Catering and Tourism Corporation (IRCTC) in collaboration with the Union Bank of India and the National

Indian Growth Rate To Surpass China

- Alive/NNC Correspondent   23-03-2015

The Asian Development Bank (ADB) has projected India's growth rate to surpass China and improve to 7.8 percent in next fiscal and further to 8.2 percent in 2016-17.India's growth and investor confidence will improve on the back of government's structural reform agenda and improved external demand, the Asian

Rupee Gets 12 Paise Stronger Against Dollar

- Alive/NNC Correspondent   22-03-2015

The rupee strengthened by 12 paise at 62.34 against the US dollar in early trade on Monday at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.Forex dealers said besides higher opening in domestic equity market, a weakening dollar against other currencies overseas after the US

Sensex Recovers 108 Points

- Alive/NNC Correspondent   22-03-2015

The benchmark BSE Sensex recovered over 108 points in early trade on buying at prevailing lower levels by investors amidst a firming trend at other Asian markets.The 30-share index, which had lost 475.30 points in previous three sessions, rose by 108.64 points, or 0.38 per cent, to 28,369.72 with all sectoral indices, led by


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