Category: India

Super Budget 2015-16: Fiscal Deficit is 3.9% and Revenue Deficit 2.8% of GDP

Newsroom24x7 Desk Finance Minister Arun Jaitley today refused to take the short-cut to populism through subsidy and freebies and instead chose to present in Parliament a pragmatic Budget for 2015-16 by avoiding sudden surprises and plugging loopholes leading to instability in tax policy. New Delhi: Finance Minister Arun Jaitley today refused to take the short-cut to populism through

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Former Income Tax inspector gets 3-year jail sentence

Newsroom24x7 Desk Jabalpur (Madhya Pradesh): The Special Judge for CBI Cases here has convicted Brijendra Nath Bala @ B.N. Bala, the ex-Inspector of Income Tax, who was posted at Ayakar Bhawan in Jabalpur and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs.1,61,540 under Section 13(2) read with 13 (1)(e) of Prevention

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Economic Survey 2014-15: Economic Outlook and Modi Government’s policy challenges

Newsroom24x7 Desk New Delhi: The Union Finance Ministry today released the Economic Survey 2014-15 which presents the economic outlook and the Modi Government’s Policy chhallenges. The Survey prepared by chief economic adviser Arvind Subramanian and released ahead of the Budget for 2015-16 shows that Macroeconomic fundamentals in 2014-15 have dramatically improved. The Survey highlights are:

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French authority slaps Euro 300,000 fine on SBI

Newsroom24x7 Exclusive Lalit Shastri Commission des sanctions (Commission of Sanctions) of France has held State Bank of India Paris guilty of large scale irregularities over a prolonged period in management of accounts, banking functions and more particularly unreconciled entries and insufficient control on daily entries and consequently the bank has been slapped a fine of Euro

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Size of Plan Budget of Railways up by 52%

Newsroom24x7 Desk New Delhi: Union Railway Minister Suresh Prabhakar Prabhu today announced that the size of the Plan Budget for Indian Railway has gone up by 52% from Rs. 65,798 crore in 2014- 15 to Rs. 1,00,011 crore in 2015-16. Support from the Central Government constitutes 41.6% of the total Plan Budget and Internal generation 17.8 %.

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PEB scam: Office of Governor comes under a cloud

Lalit Shastri Ram Naresh Yadav was Chief Minister of Uttar Pradesh from 1977 to 1979.  He was formerly with Janata Party and later joined the Congress and was appointed Governor of Madhya Pradesh in August 2011. As Yadav refused to hold the high moral ground and chose not to submit his papers when his name was dragged in the

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Delhi Police nabs two involved in cross-border fake Indian currency racket

Newsroom24x7 Desk New Delhi: In its continuing pursuit to contain the menace of High Quality Fake Indian Currency Notes (FICN) being pumped into Indian markets to corrode the Indian economy by agencies of a “hostile neighbor”, a team of Special Cell of Delhi Police led by Inspectors Sanjay Dutt and Rahul Kumar Singh has arrested

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PEB scam: Digvijay submits pendrive and mobile numbers to SIT

Newsroom24x7 Desk Bhopal: Congress general secretary Digvijay Singh today submitted a sealed envelope with a pen drive containing a spread sheet as part of recovery from an MS-Excel file to the Special Investigation team (SIT) monitoring the investigation into the Madhya Pradesh Professional examination Board (PEB) scam linked with recruitment of government staff and medical

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Jammu and Kashmir will have a PDP-BJP alliance Government

Newsroom24x7 Desk New Delhi: Jammu and kashmir will have a popular People’s Democratic party-Bharatiya Janata Party alliance government. This was announced jointly by BJP President Amit Shah and PDP leader Mehbooba Mufti here today after a series of deliberations between the two parties. The new Jammu and Kashmir Government is expected to be sworn-in on

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PEB scam: Special Task Force registers FIR against MP Governor

Newsroom24x7 Desk Bhopal: The Special Task Force of Madhya Pradesh POlice, which is investigating the State Professional Examination Board (PEB) scam linked with irregularities in conducting the entrance examination for medical colleges (PMT) and recruitment of candidates for various government departments today registered an FIR against state Governor Ram Naresh Yadav, according to unconfirmed reports.

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Obama is incapable of being Commander-in-Chief: Bobby Jindal

Newsroom24x7 Desk Washington DC: US president Barack Obama has come under frontal attack from Louisiana Governor Bobby Jindal and a couple of other Governors over the authorization of force against the ISIL submitted to Congress. After meeting Obama for about 90 minutes, Jindal, who is likely to seek the 2016 Republican presidential nomination, was joined

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CBI arrests former VC of Central University from Kanpur

Newsroom24x7 Desk New Delhi:The Central Bureau of Investigation (CBI) tonight arrested from Kanpur the ex-Vice Chancellor of Dr. Hari Singh Gour Central University of Sagar N S Gajbhiye in connection with a case of alleged irregularities in the selection fo candidates for different posts. The CBI has registered cases against the former Vice chancellor along

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Nitish Kumar is Bihar chief minister for the fourth time

Newsroom24x7 Desk Patna: Janata Dal (United) leader Nitish Kumar took oath as chief minister of Bihar for the fourth time today. He was administered the oath of office and secrecy at the Raj Bhawan in Patna by Governor Keshari Nath Tripathi. Twenty-two ministers took oath along with Nitish. Most of them– 20 to be precise

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PEB scam: Prosecuting agency to spare nobody

Newsroom24x7 Desk Bhopal: In Madhya Pradesh, particularly the State capital, all eyes this weekend have remained fixed on the next course of action by the Special Investigation Team (SIT) appointed by the Jabalpur High Court and the Special Task Force of Madhya Pradesh Police investigating the State Professional examination Board (PEB) scam as the High

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