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Home -> Finance -> News

NATIONAL
BEML, HMT Limited sign MoU on B'lore metro project
The defence public sector Bharat Earth Movers Limited has entered into a memorandum of understanding with HMT Limited to commence the process of drawing financial assistance provided by Planning Commission, for building Metro infrastructure in Bangalore.

Plea to popularise renewable energy in institutions
In an effort to popularise renewable energy movement in India, a conference here suggested that accreditation should be granted to those higher learning institutions which derive at least 30 per cent of their power requirement from renewable sources.

Consolidation of UCBs not on RBI's agenda: Dr Reddy
Reserve Bank of India Governor Dr. Y V Reddy today (Sept 17, 2005) said consolidation of Urban Cooperative Banks (UCBs) in the country is not on the agenda of RBI.

No scam in offing in stock market: Chidambaram
Finance Minister P Chidambaram today (Sept 17, 2005) asserted that 'no scam was in the offing' as made out in certain sections with the Sensex surging towards the 8,400mark.

Tab on UCBs to check illegal diversion of funds
The Reserve Bank of India (RBI) is keeping a 'special watch' on Urban Cooperative Banks (UCB) to check diversion of funds illegally to stock markets, RBI Governor Dr. Y V Reddy said today (Sept 17, 2005).

BJP flays UPA for failures on economic front, fuel
Launching a broadside against the United Progressive Alliance (UPA) Government's 'failures' on the economic front, including in controlling fuel prices, the BJP today (Sept 17, 2005) charged it with 'kneeling down' before the Left parties at the cost of national interest and demanded among other things reduction in excise and import duties on petroleum products.