Ease Of Doing Biz Report Doesn’t Represent Whole India: Govt
New Delhi: India has objected to the World Bank ranking the country at a poor 134th on the ease of doing business index saying study of two urban centres cannot be a representative of a vast country. “India has been objecting to finding of the World Bank’s Doing Business Report for a number of reasons…Until Doing Business Report, 2014, the study was conducted only in Mumbai. Doing Business Report, 2015, Delhi has been added as the second city … study conducted at two urban centres of India cannot be representative of a vast country like India,” Commerce and Industry Minister Nirmala Sitharaman said. In 2015 report, due to methodology change, the rank of India for the last year has been changed to 140th, she said.
RBI To Sell Rs 12,000 Crore Govt Bonds
Mumbai: The Reserve Bank said it would sell Rs 12,000 crore government bonds through Open Market Operations (OMO) to mop up liquidity from the system. The central bank would decide on the quantum of sales of individual securities, it said.
ANTHE 2014 Concludes Successfully
New Delhi: Aakash, India’s leading institute for Medical and Engineering coaching, has successfully carried out its eminent drive i.e. Aakash National Talent Hunt Exam (ANTHE) on November 23rd to bestow huge scholarships to the meritorious & deserving students nationwide who are aspiring to make their career in Engineering & Medical. This is their fifth consecutive effort to facilitate the most deserving students.
BMB: Money Multiplies With Banks
New Delhi: In order to bring women to formal banking channels, they need to be made aware that their money multiplies with banks and is safe too, Bharatiya Mahila Bank Usha Ananthasubramanian said while inaugurating a summit on ‘Leveraging Jan Dhan Yojana– A Viable Option for Sustainable Development of Women Entrepreneurship,’ organised by Assocham. She further said women need to be told that they can borrow money from banks at lower cost. “Women need to come out and more professionally start seeking advises so that it helps them in having a better horizon in what is happening in the financial sector,” she added.