Indian Government to Take 25 Paise And Lower Denomination Coins Out of Circulation

The Central Government, Ministry of Finance is to remove from circulation the coins of denomination of 25 paise and below, issued from time to time, with effect from June 30, 2011.

Earth Hour Set for 8.30pm on March 27th 2010

Hopes are high that at Earth Hour 2010 millions of people around the world will come together to call for action on climate change by doing something quite simple-turning off their lights for one hour. Earth Hour is a WWF initiative which sends an inspiring...

Mauritius Offshore Company Accused of Money Laundering

Officials from the Indian Central Bureau of Investigation (CBI) and the Reserve Bank of India (RBI) have discovered that a huge amount of money from the Indian Information and Communication Technology (ICT) company, Satyam Computers (SC) that they claim...

India Approves $30m Loan for Mozambique

The Export-Import Bank of India has approved a $30 million loan to Mozambican companies to finance goods and services imported from India for the country’s rural electrification projects.

No Change in Reserve Bank of India Rates

The Reserve Bank of India has kept all key rates unchanged in a bid to maintain financial and price stability. In its third quarter review of credit policy, the RBI also kept growth projection unchanged at 8.5 per cent and inflation close to 5 per cent...