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Govt made over 1 mn direct cash transfers for LPG

Govt made over 1 mn direct cash transfers for LPG

According to an official statement, the central government has made over 1 million (10 lakh) direct cash transfers to consumers' bank accounts under its Direct Benefit Transfer for LPG (DBTL) scheme, launched in 18 districts on June 1. The government has so far given Rs 41 crore of subsidy to consumers directly under the above scheme since June 1, the statement shows

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RBI chief discusses license norms with house panel

RBI chief discusses license norms with house panel

Reserve Bank of India (RBI) Governor D Subbarao recently discussed the final guidelines on new bank licenses with the Parliamentary Standing Committee on Finance. The guidelines were issued by the central bank recently to allow corporate houses and public sector entities with “sound credentials and a minimum track record of

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Investors cast doubt on output forecast of Cairn India

Investors cast doubt on output forecast of Cairn India

Reports indicate that investors have doubts on the exit production (production at the end of the fiscal) forecast of Cairn India for 2013-14. The Anil Agarwal-promoted firm expects its exit production for March 2014 to be in the range of 210-215 kilo barrel per