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RBI to supervise co-op banks, Cabinet nod to ordinance
RBI to supervise co-op banks, Cabinet nod to ordinance

New Delhi, The Centre has decided to bring urban and multi-state cooperative banks under the direct supervision of the Reserve Bank of India to protect depositors in these financial institutions.

The Union Cabinet, in a meeting held on Wednesday, decided to initiate the move via the Ordinance route.

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Sensex ends 4-day gaining streak, settles below 35k mark
Sensex ends 4-day gaining streak, settles below 35k mark

Mumbai, The Indian stock market snapped its four-day gaining streak on Wednesday as the indices plunged in the last two hours of trade tracking a global sell-off.

The BSE Sensex settled below the psychological mark of 35,000 points after gaining over 270 points earlier in the day.

Heavy selling pres

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Mention of 'country of origin' may be mandatory for goods sold online
Mention of 'country of origin' may be mandatory for goods sold online

New Delhi, Amid the growing push for inclination towards Indian goods and manufacturers, the government is seriously considering to make the mention of 'country of origin' mandatory for products sold on e-commerce platforms.

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday h

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Tariff, non-tariff barriers coming to curb power equipment imports, especially from China
Tariff, non-tariff barriers coming to curb power equipment imports, especially from China

New Delhi, The government is proposing various tariff and non-tariff barriers to restrict imports in the sensitive and strategically important power sector where there is large scale presence of overseas equipment, particularly from countries such as China.


Government sources in the know said that the Powe

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Chidambaram throws weight behind Manish Tewari tweets on LAC faceoff
Chidambaram throws weight behind Manish Tewari tweets on LAC faceoff

New Delhi,  Senior Congress leader P. Chidambaram on Wednesday endorsed a series of tweets put out by Congress spokesperson Manish Tewari on the India-China standoff.

In a short statement, the former Union Minister said: "My colleague Manish Tewari has tweeted rebutting the ill-informed accusations on Si

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Congress sees opportunity in BJP's attack on Rahul Gandhi
Congress sees opportunity in BJP's attack on Rahul Gandhi

New Delhi,  Amid political slugfest between Congress and the BJP on Chinese transgression in Galwan Valley in Ladakh, the Congress has ceased the opportunity by targeting the Prime Minister and the BJP, the party leaders said.

The Congress leader Rahul Gandhi has been targeted by the BJP for his persistent qu

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WR ferried 63,000 tonnes supplies in 90-day lockdown
WR ferried 63,000 tonnes supplies in 90-day lockdown

Mumbai, During the 90-day of lockdown from March 23 to June 23, the Western Railways transported over 63,000 tonnes of essential supplies by running parcel special trains to different parts of the country, said an official, here on Wednesday.

Western Railways spokesperson Ravinder Bhakar said through 356 parc

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Congress holds cycle rallies in MP against fuel prices' hikes
Congress holds cycle rallies in MP against fuel prices' hikes

Bhopal/Indore,  Congress leaders and supporters on Wednesday took out cycle rallies in Bhopal and Indore to protest against the increase in fuel prices, including former Madhya Pradesh Chief Minister Digvijaya Singh who led the protest in state capital Bhopal.

Digvijaya Singh, elected to the Rajya Sabha on Ju

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US tech honchos slam Trump's new visa restrictions
US tech honchos slam Trump's new visa restrictions

San Francisco, From Tim Cook to Sundar Pichai, top technology leaders in the US have come out in the open to criticise US President Donald Trump's latest crackdown on immigration.

Through an executive order on Monday, Trump suspended till the end of the year the H-1B visas prized by Indian professionals. The f

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Pyongyang suspends military plans against South
Pyongyang suspends military plans against South

Pyongyang, North Korea has suspended "military action plans" against South Korea during a Central Military Commission meeting presided over by leader Kim Jong-un, the official Korean Central News Agency (KCNA) said on Wednesday.

The decision came as a surprise because the North had widely been expected t

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