Global factors behind rupee fall, no need for knee-jerk reaction: Jaitley
Minister Arun Jaitley yesterday attributed the fall in rupee to global
factors and said there was no need for panic or knee-jerk reactions. He
said the Reserve Bank is doing whatever is necessary to deal with the
situation.The battered rupee has lost 165 paise in the last six trading
sessions. Jaitley further said the dollar has strengthened against
almost every other currency and added that the rupee has consistently
either strengthened or remained in a range.
Jan Dhan Yojana: Govt doubles up overdraft facility from Rs 5,000 to Rs 10,000
government has decided to make the Pradhan Mantri Jan Dhan Yojana
(PMJDY) an open-ended scheme and added more incentives to encourage
people to open bank accounts. Finance Minister Arun Jaitley said as the
scheme has been a "runaway success", the government has decided to make
it an open-ended scheme, meaning that it will continue indefinitely.The
government has also decided to double the overdraft facility from Rs
5,000 to Rs 10,000, the minister said.
Bharti Infratel to take annual hit of Rs 780 cr from Vodafone Idea exit
infrastructure firm Bharti Infratel said Wednesday its consolidated
revenue, including that from Indus Towers, is expected to take around Rs
780 crore hit on annual basis, due to exit of Vodafone and Idea
Cellular from co-located mobile towers. Following completion of
Vodafone-Idea merger, the companies have served exit notices to Bharti
Infratel and its subsidiary Indus Towers from 27,447 co-located mobile
towers on consolidated basis.
Jeff Bezos becomes richest person on the planet as Amazon becomes $1 trillion company
founder Jeff Bezos has regained the title of the richest person on the
planet as Amazon became the second US firm to hit a trillion-dollar
value on the stock market. Amazon's share price has climbed during the
year, swelling the personal wealth of the company's 54-year-old founder
with it. Forbes estimated his net worth at about $166 billion.
Delhi might get a new fuel variant cleaner than CNG
national capital may soon get a cleaner version of the compressed
natural gas or (CNG) later this month. CNG was introduced a decade ago
to reduce pollution caused due to petrol and diesel. It seems Delhiites
will now be introduced to H-CNG or hydrogen-CNG, as reported by the
Times of India. A mix of 18 per cent hydrogen gas can reduce carbon
monoxide (CO) and other harmful emissions. A report was recently
submitted by the Environment Pollution (Prevention and Control) (EPCA)
to the Supreme Court after which the decision was taken. The apex court
suggested that at as many as 50 buses have to be tested first with H-CNG
and it will only be rolled out if the tests are successful.
IKEA India stops selling vegetarian biryani, samosa after 'bug' incident
home furnishings major IKEA has decided to stop selling vegetarian
biryani and samosas in its canteen after an insect was found in biryani
served to a customer. The company is also conducting an internal review
on the August 31 incident in the newly launched store in Hyderabad.
India to buy 18 bullet trains from Japan for Rs 7,000 crore: report
part of the government's plan to launch country's first high speed rail
corridor by 2022, India will buy 18 bullet train sets worth Rs 7,000
crore from Japan. The deal will include a pledge to transfer technology
for local production, The Economic Times reported.
20 new EVs by 2023! General Motors sets sights on an all-electric future
US auto major General Motors Co plans to launch over 20 new
all-electric cars globally by 2023, majorly focussing on the Asian
countries like China. The company is aiming to launch 10 new electric
vehicles in China by 2020