RBI starts 2015 with cash reserve requirement on positive note

Newsroom24x7 Desk Mumbai, Jan. 9: As against the average daily cash reserve requirement of Rs. 337, 307 crore for the fortnight ending today that is January 9, the cash balance with Reserve Bank of India on January 3 was Rs. 348, 558 crore. The RBI yesterday decided to increase the quantum of loan that could

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Van Vihar National Park in Bhopal becomes second home for endangered Barasingha

Lalit Shastri The wildlife Wing of Madhya Pradesh forest department, with active participation of the Kanha Tiger Reserve and Bhopal’s Van Vihar National Park staff has achieved major success by relocating 7 of the hard ground central Indian barasingha from Kanha to Van Vihar. This is a significant step towards conservation of the ground swamp

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Attack on Charlie Hebdo: Flags at half mast in Paris today

Jamsheed Rizwani Paris, Jan. 8: Flags were at half mast on public buildings in Paris today as the French capital observed three-days of national mourning in memory of the victims of yesterday’s attack on the journal CHARLIE HEBDO. One minute silence was observed in offices, factories, and schools today at 12 noon. France and the French

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Pankaj Kumar to be Director (Finance) Bharat Petro Resources

Newsroom24x7 Desk New Delhi, Jan. 8: The appointment of Deputy General manager BPCL Pankaj Kumar, as Director (Finance), Bharat Petro Resources Limited is now a certainty. His name has been shortlisted and recommended out of ten candidates interviewed for the post. The appointments of Director Balmer Lawrie & Co. Limited Prabal Basu as Chairman and Managing

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Census Commissioner gets 3-month extension

Newsroom24x7 desk New Delhi, Jan. 8: The central deputation tenure of Registrar General and Census Commissioner of India (RG&CCI) C. Chandramouli, IAS (TN:85) has been extended by government of India for three months beyond January 8. In Madhya Pradesh, the state Government yesterday issued new posting orders for Indian Administrative Service officers. Officer Existing posting New

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Premature nuclear plant retirements are slowly eroding U.S. nuclear capacity

New York, Jan. 8: Premature nuclear plant retirements are slowly eroding U.S. nuclear capacity and reducing a major source of carbon free electricity, according to Fitch Ratings. The closure of the Vermont Yankee plant in December 2014 follows the retirement of four nuclear units in 2013. The five shuttered reactors aggregate 4.2 gigawatts (GW). A

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A case for Modinomics and reforms, forthcoming budget and lowering of taxes

Weekly Column: Thinking Beyond By Anoop Swarup In an earlier column I had presented a case for ‘achey din’ for the Prime Minister in view of the anticipated bonanza to the developing world, particularly India as a spin off to the global crude oil windfall. Now with the Budget Session due next month, the Direct

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Charlie Hebdo massacre: Global outrage

Newsroom24x7 Desk Paris, Jan. 8: There is global outrage and all are condemning the dastardly attack against Charlie Hebdo.UN Secretary General Ban Ki-moon has condemned the massacre and given a call against forces of division and hate.   In a latest development, one suspect, Hamyd Mourad, 18, has surrendered in attack on French satirical newspaper Charlie Hebdo

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India-Jan 2015: Government’s currency liabilities to the Public stood at Rs. 187.4 billion

Newsroom24x7 Desk Mumbai, Jan. 8: Government’s currency liabilities to the public went up to Rs. 187.4 billion in the first week of January 2015 as compared to the total liabilities of Rs. 173.4 billion till March 31,2014. During the financial year 2013-14, the Government’s currency liabilities to the public also rose by Rs. 15.1 billion.

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World of Business: White Coffee and Chinese skin care market

White Coffee Introduces Organic Single Serve Coffees in a Bio-Degradable and Compostable BioCup Newsroom24x7 Desk As the world “jump starts” the new year with coffee in hand, there is an exciting innovation in coffee packaging. This month, White Coffee Corporation of USA introduces single serve organic coffees in a revolutionary compostable BioCup(TM). With the growth of

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Review of natural catastrophes in 2014: Lower losses from weather extremes and earthquakes

The absence of very severe catastrophes and a quiet hurricane season in the North Atlantic meant that losses from natural catastrophes in 2014 were much lower. At US$ 7bn, the most expensive event in terms of overall loss was Cyclone Hudhud in India. Around 7,700 people lost their lives in natural catastrophes. “Though tragic in

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Income Tax work suffers as promotions are held up at ACIT level

Newroom24x7 Correspondent New Delhi, Jan. 7: The Income Tax department’s backlog for 2008, 2009 (leftover cases) and 2010 promotions has been addressed to some extent and many officers have been promoted as Deputy Commissioner of Income Tax (DCIT) in the senior time scale with effect from January 1, 2015 but still there is widespread resentment and

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Lifetime Visa to PIOs and the Security issue

Lalit Shastri On the eve of Pravasi Bharatiya Divas (Overseas Indian Day) meet which will be inaugurated at 10 am this morning, President Pranab Mukherjee, it is learnt, cleared the ordinance to amend the Citizenship Act to merge the Overseas Citizenship of India (OCI) and the Person of Indian Origin (PIO) schemes to allow lifelong Indian

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Madhya Pradesh asks Centre to extend paddy milling period till March 31

Newsroom24x7 Reporter Bhopal, Jan. 6: Madhya Pradesh Chief Minister Shivraj Singh Chouhan has asked the Central government to extend milling period for paddy procured during Kharif marketing year 2013-14 up to March 31, 2015. The Chief Minister, in a letter to Union Food, Public Distribution and Consumer Affairs Minister Ram Vilas Paswan, has said that rice

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