Page 12 - Video Gallery

Banking is an important segment in our economy: Shaktikanta Das

Mumbai, Dec 12 (ANI): Newly appointed Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday addressed a press conference in Mumbai. Speaking to mediapersons, Das said, "I have convened a meeting with CEOs and MDs of public sector banks tomorrow morning. Banking is an important segment in our economy and it's facing several challenges that need to be dealt with. It's the banking sector on which I'd like to focus immediately."

Markets react volatile amid election trends, Urjit Patel's resignation

New Delhi, Dec 11 (ANI): The markets on Tuesday witnessed a gap-down start ahead of the results of the state elections, and investors turning wary over the shocking resignation by the Reserve Bank of India (RBI) Governor Urjit Patel. The Sensex witnessed a sharp fall of 482.68 points at 34477.04, while the Nifty traded lower 116.70 points at 10371.80. With a negative breadth, sectors such as banks, automobiles, energy, consumption, and metals were amongst the top losers.

Sensex, Nifty plunge down, Market remains unsteady

New Delhi, Dec 10 (ANI): Market today remained unsteady as both Sensex, Nifty fell down by many points on Monday. Metals, infrastructure, pharmaceuticals and banks were the top losers. The rupee also opened at low against the dollar as it slipped. Shares of airline companies too fell down due to rise in crude oil prices. Several factors could be responsible for such a slump in the market such as rising crude oil prices, exit poll projections and macroeconomics.

Cabinet gives 'In Principle' approval to PFC takeover of REC

New Delhi, Dec 07 (ANI): The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its 'In Principle' approval for strategic sale of the Centre's existing 52.63 per cent of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) along with transfer of management control. The acquisition intends to achieve integration across the power chain, obtain better synergies, create economies of scale and have enhanced capability to support energy access and energy efficiency by improved capability to finance power sector. It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. Both REC and PFC are Central Public Sector Enterprises under the Ministry of Power.

ANA introduces traditional Japanese food for passengers

Tokyo (Japan), Dec 06 (ANI): Traditional Japanese food is collectively known as 'Washoku', which is prepared by using ingredients form parts of Japan. Chugoku and Shikoku regions of Japan contribute largely to produce many ingredients used in cooking Washoku. All Nippon Airways (ANA) has recently announced its new in-flight menu which consists of many local dishes. The "Taste of Japan by ANA" project aims to attract foreign tourists by promoting cuisines from Japan's traditional meals. It includes food, drinks, sweets and culture. Such initiative by ANA is helping to promote tourism in various prefectures of Japan. It helps to promote the indigenous food and culture. The officials from Okayama prefecture appeal to passengers to relish local meal and enjoy the culture. At the venue, staff of the tourism office provides information about food served as an in-flight meal. The All Nippon Airways is not only helping to promote the food and culture of Japan by is promoting tourism in the cou

RBI policy outcome, OPEC meeting to gauge view on rupee: Motilal Oswal

Impact of Reserve Bank of India's fourth bi-monthly Monetary Policy statement and Opec meeting are likely to be felt in the coming week, says Gaurang Somaiya, Currency Analyst, Motilal Oswal Financial Services (MOFSL)

India's GDP rate disappoints, down from 8.2% in Q1 to 7.1% in Q2

New Delhi, Dec 01 (ANI): India's latest Gross Domestic Product (GDP) growth figures came as a disappointment after it came down from 8.2%, registered in the first quarter (April-June) of the year 2018, to 7.1% in the second quarter (July-September). The present GDP figures do not meet the market expectations even though the union government said that 7.1% represents a sizable jump from last year's Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India's economic growth. "The growth rate estimates of GDP at Constant Prices for July-September 2018 stand at 7.1%. These estimates represent a sizable jump from last year's Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India's economic growth," the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation said on Friday. It added that the CSO estimates state that GDP at constant prices was Rs. 33.98 lakh crores for Q2, 2018-19, which is a marked increase from of Rs. 31.

Healthcare and agriculture sectors need federal institutions like GST: FM Jaitley

New Delhi, Nov 29 (ANI): Finance Minister Arun Jaitley attended the Confederation of Indian Industry (CII) Health Summit in the national capital on Thursday. At the Summit, the Finance Minister while taking the example of Goods and Services Tax (GST) which is a constitutionally federal institution, he said the healthcare and agriculture sectors also require federal institutions of such kind. "GST was India's first experiment for creating a federal institution. There are two other areas which require federal institutions of this kind. The GST was constitutionally provided for and political maturity can impose on governments to try that experiment with these two areas of healthcare and agriculture. The resources of all state and centre's schemes need to be merged so that the benefits of these resources start falling on patient population of this country."

'IBC has direct, indirect impact of Rs 3 lakh crore on NPAs'

New Delhi, Nov 24 (ANI): Ministry of Corporate Affairs (MCA) Secretary Injeti Srinivas said that the Insolvency and Bankruptcy Code (IBC) has an impact of around Rs 3 lakh Crore on non-performing assets (NPAs). Speaking to press after an event organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) at the national capital, Srinivas said, "The direct and indirect impact of the IBC is around three lakh Crore. It is cumulative of resolution and pre-admission cases along with the non-standard NPA accounts being converted to standard accounts." "The resolution cases have led to a recovery of about Rs. 71,000 crore, cases at a mature stage of resolution is about Rs. 51,000 crores, which amounts to a total of Rs. 1.2 lakh crore from resolution. The total of resolution and pre-admission settlement is close to Rs 2.4 lakh crore," the MCA secretary said. Speaking on the number of cases that have been resolved, he said, "Out of the 9,000 cases broadly 50 per cent about 4,4

Prices of petrol, diesel slashed further on Friday

New Delhi, Nov 16 (ANI): Fuel prices once again witnessed a decline on Friday in New Delhi and Mumbai owing to a reduction in the rates of crude oil. In New Delhi, petrol is being sold at Rs 77.10 per litre after a decrease of 18 paise, and diesel at Rs 71.93 per litre after a decrease of 16 paise. Meanwhile, petrol is retailing 18 paise lower at Rs 82.62 per litre and diesel at Rs 75.36 after a decrease of 17 paise in Mumbai. The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil. The United States recently softened its stand on Iran's sanctions and gave its nod to eight countries to continue importing oil from Iran temporarily. The list of countries includes India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates and Taiwan.

Fuel prices continue to witness fall

New Delhi, Nov 15 (ANI): Fuel prices continued to witness a decline on Thursday in the national capital as well as in Mumbai. In New Delhi, petrol is being sold 15 paise lower than the previous rates at Rs 77.28 per litre, while diesel is being sold at Rs 72.09 per litre after a 10 paise decline. Meanwhile in Mumbai, petrol is being sold at Rs 82.80 per litre after witnessing a dip of 14 paise and diesel is being sold at Rs 75.53 per litre with a decrease of 11 paise. Fuel prices had earlier witnessed a relentless hike in the country, burning holes in commuters' pockets.

Fuel prices continue to fall in New Delhi, Mumbai

New Delhi, Nov 13 (ANI): Fuel prices continued to witness a decline on Tuesday in the national capital as well as Mumbai. In New Delhi, petrol is being sold 13 paise lower than the previous rates at Rs 77.43 per litre, while diesel is being sold at Rs 72.19 per litre after a 12 paise decline. Meanwhile in Mumbai, petrol is being sold at Rs 83.92 per litre after witnessing a dip of 13 paise and diesel is being sold at Rs 76.64 per litre with a decrease of 12 paise. Fuel prices had earlier witnessed a relentless hike in the country, burning holes in commuters' pockets.

Fuel prices witness drop yet again

New Delhi, Nov 12 (ANI): Petrol and diesel prices continued to witness a decline in the national capital on Monday. It comes as a respite from the earlier skyrocketing prices of fuel which saw a hike almost every day. Petrol prices in New Delhi saw a dip of 17 paise and it is now being retailed at Rs 77.56 per litre. Diesel prices were decreased by 15 paise and it is now being sold at Rs 72.31 per litre. Meanwhile, petrol prices in Mumbai also saw a fall of 17 paise to be sold at Rs 83.07 per litre. A litre of diesel is being sold at Rs 75.76 per litre in Mumbai following a dip of 16 paise.

Arun Jaitley terms GST 'monumental reform'

Mumbai, Nov 12 (ANI): Union Finance Minister Arun Jaitley came out in defence of the indirect taxation reform and termed it as 'monumental'. His defence came a day after former Reserve Bank of India (RBI) Governor Raghuram Rajan criticized the Goods and Services tax (GST) reform. He also maintained that the GST disrupted the growth for only two quarters after which it increased to seven percent to 7.7 percent and then to 8.2 percent last quarters. He said, "You will always have critics and cynics who will come up and say GST slowed down India's growth. But is this a response to every monumental reform? The Union Minister was speaking at Union Bank of India's 100th anniversary celebrations event through a video link.

Fuel prices continue downward trend in Delhi, Mumbai

New Delhi/Mumbai, Nov 10 (ANI): Fuel prices continued to witness a decline on Saturday in the national capital as well as financial capital of the country. In New Delhi, petrol is being sold 17 paise lower than the previous rates at Rs 77.89 per litre, while diesel is being sold at Rs 72.58 per litre after a 16 paise decline. Petrol and diesel are being sold at Rs 83.40 per litre and Rs 76.05 per litre, respectively, in Mumbai, after a reduction of 17 paise each. Fuel prices had earlier witnessed a relentless hike in the country, burning holes in commuters' pockets.

Fuel prices continue to dip

New Delhi, Nov 09 (ANI): Petrol and diesel prices are on dipping spree since past few weeks. Petrol and diesel prices in Delhi stand at Rs 78.06/litre (decrease by Rs 0.15) and Rs 72.74 /litre (decrease by Rs 0.15), respectively. Petrol and diesel prices in Mumbai are Rs 83.57 /litre (decrease by Rs 0.15) and Rs 76.22 (decrease by Rs 0.16), respectively. Recent trends of price decline started after fuel prices touched record high.

Cheaper Chinese lights steal Diwali show from Indian made lights

New Delhi, Nov 05 (ANI): With Diwali round the corner, Chinese lights have flooded the market. Customers thronging the market for Diwali shopping in New Delhi prefer the lights made in China over those made in India because of its cheap cost and better finishing. The decorative Chinese lights which come in all shapes and sizes and colours are sold around Rs 60, while Indian made lights costs around Rs 50 more.

Fuel prices continue to dip across India

New Delhi, Nov 02 (ANI): Petrol and diesel prices continued to dip on Friday. The prices of petrol and diesel stand at Rs 79.18 per litre (decrease by Rs 0.19) and Rs 73.64 per litre (decrease by Rs 0.14) respectively in Delhi. Prices of petrol in Mumbai went down to Rs 84.68 per litre (decrease by Rs 0.18) and that of diesel to Rs 77.18 per litre (decrease by Rs 0.14). The trend of fuel prices coming down has been observed from past two weeks. Earlier, fuel prices hit record high before coming down gradually.

Petrol prices slashed, diesel unchanged

New Delhi, Nov 01 (ANI): Petrol prices continued to tumble on Thursday as the essential commodity is now being sold at Rs 79.37 per litre in the national capital. While diesel prices remained unchanged, petrol witnessed a decrease of 18 paise in Delhi as compared to Tuesday. Meanwhile, in Mumbai, petrol prices witnessed a marginal decline of 16 paise to now be sold at Rs 84.86 per litre. Diesel prices remained unchanged in the financial capital. The fuel prices had earlier witnessed a relentless hike in the country, burning a hole in common commuters' pocket.

Fuel prices witness downward trend

New Delhi, Oct 30 (ANI): Providing relief to the consumers, the fuel prices continued to fall on Tuesday with petrol and diesel now being sold at Rs 79.55 per litre and Rs 73.78 per litre respectively in the national capital. Compared to Monday, petrol and diesel prices witnessed a decrease of 20 and seven paise respectively in Delhi on Tuesday. Meanwhile, in Mumbai, petrol and diesel are today being sold at Rs 85.04 (decreased by 20 paise) and Rs 77.32 (decreased by eight paise), respectively. Fuel prices had earlier witnessed a relentless hike in the country, burning a hole in commuters' pocket. However, the Central Government earlier this month announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre.