Treasury

  • Fodder scam convict Jagdish Sharma released on bail 14-01-2014 08:38 AM

    Disqualified JD(U) MP Jagdish Sharma, who was convicted in a fodder scam case, was released on Monday from jail on bail. "He was released around 3 pm after getting bail documents," a senior jail official said. Sharma, who was convicted and sentenced to four years imprisonment by a special CBI...
  • India's policy on foreign banks soon, says Raghuram Rajan 13-10-2013 09:21 PM

    The Reserve Bank of India (RBI) will soon come out with new rules for the entry of foreign banks that may even allow them to take over Indian banks, RBI Governor Raghuram Rajan has said. "That is going to be a big big opening because one could even contemplate taking...
  • Fodder scam: Chronology of Chaibasa treasury case in which Lalu was convicted 30-09-2013 02:43 PM

    New Delhi: RJD supremo Lalu Prasad and 44 others has been convicted by a special Central Bureau of India (CBI) court in Ranchi in one of the cases - RC 20 A/96 - of the multi-crore fodder scam. Lalu has been convicted of corruption, criminal conspiracy and cheating and the...
  • Obama to contribute 5 pc of his salary to US Treasury 04-04-2013 09:46 AM

    Washington: At a time when the US is facing economic strain and automatic budgetary cuts is in place, President Barack Obama will return five per cent of his salary amounting to $20,000 to the Department of Treasury. The salary of the US President is $400,000 per annum (over Rs 2...
  • India faces $41 billion exposure to US debt 07-08-2011 02:41 PM

    New Delhi: As one of the 15-largest foreign creditors to the US, India's exposure to the United States' ballooning debts is estimated at $41 billion, higher than the money America owes to countries like France and Australia. The overall national debt of the US is moving nearer to $15 trillion,...
  • US likely to lose top rating, economists say 28-07-2011 02:40 AM

    Washington: The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. A small majority of economists, 30 out of 53 surveyed over the past two...
  • Obama increases pressure on Republicans on debt 12-07-2011 01:20 AM

    Washington: US President Barack Obama on Monday increased pressure on Republican lawmakers to make concessions for a deal to avoid an Aug. 2 debt default and said both sides must "pull off the Band-aid" and make sacrifices. "If not now, when?" Obama said. The president met with top US lawmakers...
  • India needs new reforms for growth: US 28-06-2011 10:01 AM

    Washington: As inflation hits double digits - here's a warning coming from US Treasury Secretary Timothy Geithner. Geithner says India has outgrown its financial system and needs reforms to be able to continue with fast-paced growth. Observing that India and the US are at the threshold of unlocking the great...
  • Watch: Delhi Belly - the uncensored trailer 08-06-2011 07:00 PM

    Tashi, Arup and Nitin " flatmates, buddies and partners in crime. Tashi is to get married in a month but still doesn't know if his fiance is 'the one!' Arup can't make up his mind who he wants to kill first " his girlfriend who has just dumped him or...
  • US inflation hits 2.5 year high, seen peaking 14-05-2011 10:22 AM

    Washington: Gasoline and food prices hoisted US inflation to a 2.5 year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve. The pace of food and fuel price rises slowed considerably from March, suggesting inflation pressures may be...
  • Chief Justice orders probe against judges in PF scam 18-07-2008 12:01 AM

    Baroda: Yusuf Pathan played a blistering knock of 78 off just 36 balls to give Baroda the all important lead and also a chance to win the match against Vidarbha. Vidarbha in their 1st innings scored 264 for 10 with a nice hundred from Hemang Badani and in reply to...