Karnataka Chief Minister H D Kumaraswamy Friday said the proposed Mekedattu dam across Cauvery would benefit farmers of Tamil Nadu as excess water can be stored during monsoon season for release whenever rquired by the lower riparian state.
The Indian government had 106.05 billion rupees ($1.48 billion) outstanding loans with the central bank under ways and means advances in the week ended Dec. 7, according to the Reserve Bank of India’s weekly statistical supplement released on Friday.
Gold eased for the second straight session to hit a one-week low on Friday as the dollar rose, putting the metal on track to post its biggest weekly fall in five ahead of the U.S. Federal Reserve’s interest rate decision next week.
Complete household electrification in the country under the Rs 16,320 crore Saubhagya scheme would be completed latest by February, ahead of the March deadline, Power Minister R K Singh said Friday.
Prime Minister Narendra Modi will visit the Modern Coach Factory in UP's Raebareli on December 16 as India readies to enter the competitive market of manufacturing and exporting quality coaches.
The country's foreign exchange reserves increased by USD 16.6 million to USD 393.734 billion in the week to December 7, mainly due to a rise in foreign currency assets, according to the Reserve Bank (RBI) data.
The Enforcement Directorate (ED) has initiated a probe against the managing director of Usha Martin, the country's largest steel wire rope maker, in connection with alleged violations of the Foreign Exchange Management (FEMA) Act, official sources said on Friday.
Notwithstanding the Supreme Court's verdict on the Rafale deal, Congress President Rahul Gandhi on Friday maintained that there was massive corruption in the contract and wondered why the CAG report "cited by the Supreme Court" on it had not yet been shared with the Public Accounts Committee of Parliament.
India's exports grew by a meagre 0.80 per cent to USD 26.5 billion in November, according to commerce ministry data.