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Rupee depreciates 41 paise against dollar

At the Interbank Foreign Exchange market, the rupee fell for the second straight session, depreciating 41 paise, to close at 63.98 to the dollar. The rupee fell on dollar demand from banks and importers, falling equity markets, and a strong dollar overseas. During the session, the rupee had slumpe...


State participation necessary to improve govt finances: RBI Governor

Reserve Bank Governor Raghuram Rajan says, while macro economic parameters have improved, growth is still slow in picking up. Inaugurating the conference of the Chief Secretaries/Finance Secretaries and cooperative secretaries of the states in Mumbai yesterday ,Rajan said participation of state gov...


Govt approves 21 FDI proposals worth Rs 281 cr

Government has approved twenty one proposals of Foreign Direct Investment amounting to over 280 crore rupees. The FDI proposals were approved based on recommendations of the Foreign Investment Promotion Board, FIPB in its meeting held on 30th April. FDI proposals under approval route are cleared by...


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