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Bhubaneswar
Thursday, February 22, 2018

Business

Banks Not Responsible For Theft From Lockers:Reserve Bank

In an RTI response by The Reserve Bank of India and 19 PSU banks, all the public sectors banks have washed their hands of any responsibility for losses and thefts. The banks said that they are not liable for any compensation for theft or burglary of valuables in safe deposit boxes, as the locker hiring agreement absolves them of...

Tanka Torani Finally Vanishes From Ananda Bazar In Jagannath Temple

Puri: With the Shree Jagannath Temple Administration (SJTA) authorities maintaining the heat in continuation with its drive to enforce strict guidelines, Tanka Torani sellers  have vanished from the famous Ananda Bazar in the premises of the Jagannath Temple here to sell the drink at least for the last two days. The SJTA continued its raids and quality checks since it...

Paradip Refinery: Odisha Govt, IOCL To File Joint Petition HC About Settlement Of dispute

Bhubaneswar (PTI): The Odisha government and the Indian Oil Corporation Limited (IOCL) will soon file a joint petition in the Orissa High Court to inform it about the settlement of the dispute between the two over the Paradip refinery. This was decided at the cabinet meeting chaired by Chief Minister Naveen Patnaik on September 5 where the agreement to settle...

Save Energy: Install Grid-Connected Rooftop Solar Project, Earn Few Bucks

Bhubaneswar: Chief Minister Naveen Patnaik today inaugurated the grid-connected rooftop solar projects in the state. Under the programme, consumers can install small solar panels on their rooftops to generate solar energy for households consumption during day time and can also export excess power to the grid through service cables. The exported power will be metered on a special type of meter...

New Plate Mill Of RSP Operating Above Rated Capacity

Bhubaneswar(PTI): Rourkela Steel Plant (RSP) today said its New Plate Mill rolled out 80898 tonne of plates last month by utilising 105 per cent of its capacity, which is its best ever performance. Besides, the other units commissioned under Modernisation and Expansion also performed at or above their capacity in October 2017, a statement from RSP said. Blast Furnace - 5...

GDP Growth Rate Down To 4-year Low of 6.5% In 2017-18: CSO

New Delhi(PTI): The economic growth is expected to slow to a four-year low of 6.5 per cent in 2017-18, the lowest under the Modi-led government, mainly due to poor performance of agriculture and manufacturing sectors. The Gross Domestic Product (GDP) was 7.1 per cent in 2016-17 and 8 per cent in the preceding year. It was 7.5 per cent in...

Triple Your Money with This Simple “Rule of Thumb”

(By Paula Pant ) Some of the most important math skills you need, it turns out, are the basic ones you learned in fourth grade. Simple double-digit multiplication and division can help you TRIPLE your money. There are two handy rules of thumb that I use when I’m calculating how well an investment will pay off. One is called the “Rule of 72,” and the...

VisionJet (Private-Jet) Launched at just 12.62 Cr

Cirrus Aircraft came up with world smallest and cheapest Private Jet equipped with amazing features at just Rs 12.62 Cr named as Vision Jet. Its designed keeping a view specially for Private ownership. It will no doubt give a heavy competition to its competitors because of its price and features. Booking have already been started and the rush shows the...

Adani Kin Picks Up 60% In Air Odisha

Mumbai(PTI): The Ahmedabad-based GSEC Aviation and Monarch Networth Capital have bought over the GR Gopinath-promoted Air Deccan, besides jointly acquiring majority stake in Air Odisha, which is set to launch its services on regional routes from tomorrow. Significantly, GSEC Aviation is owned by Rakesh Ramanlal Shah, who is married to Prity, the sister of the USD 11-billion Adani Group chairman...

Maruti Suzuki announced revised price After GST

Maruti Suzuki has announced its revised reduced price of selected models. GST have impacted in price reduction on Maruti Suzuki popular cars depending on its size and variant . The range of price drop is from Rs2300 to Rs23400. The price will also differ depending on the cities. Cars under 4mts(length) of petrol engine below 1.5lts have a price drop...

RBI To Issue Rs 200 Notes From Ganesh Chaturthi Day

New Delhi & Bhubaneswar: The Reserve Bank of India (RBI) will release new Rs 200 denomination currency notes from August 25 in the New Mahatma Gandhi Series, bearing signature of RBI Governor Dr. Urjit R. Patel. According to a press note released by the RBI, the new denomination has Motif of Sanchi Stupa on the back side  depicting the country’s...

GST Rejig: Tax Rate On 178 Daily Items Reduced To 18% From 28%

Guwahati(PTI): In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were today cut to provide relief to consumers and businesses amid economic slowdown. As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18...

Britain’s May In Brussels For Brexit Moment Of Truth

Brussels(AFP): British Prime Minister Theresa May will try to reach a deal on Brexit divorce terms with European Commission chief Jean-Claude Juncker today as months of tense negotiations reach a decisive moment. The European Union says their working lunch in Brussels is the "absolute deadline" for progress on separation issues, or else it will be unable to approve the opening...

Sweet Fragrance: Florists Make Brisk Business During Navaratri In Berhampur

Berhampur(PTI): The florists have made a brisk business during the ongoing Navaratri festival when the flower trading reached its pick in Berhampur. Durga Puja committees ordered flowers for puja and to decorate pandals, while shop owners and individuals ordered flowers on occasion of Dussehra. Flowers like marigold, water lily, jasmine, China rose and amaranth (aparajita) are required for rituals in Durga...