The Union government, in its recent decision, has announced capital infusion in three public sector banks namely UCO Bank, Central Bank of India and
Vijaya Bank. The Kolkata based UCO bank would get capital worth Rs 1,200 crore, through UCO's non-convertible preference shares, from center government in two installments, Rs 450 crore immediately and the balance Rs 750 crore in 2009-10.
Mohali, Feb 10: The financial meltdown may have wiped off many job opportunities across the globe, yet some small industrial units in Punjab are not only surviving but are also kicking.
Making an opportunity out of crisis, the small units manufacturing automobile parts and engineering goods grabbed low volume orders placed before them. The bigger units are trimming down their production and focusing on cost cutting. It has shifted the orders towards the small-scale sector in the state.
As demand fell due to economic uncertainty and tight credit, there was a fall by 3.2 percent in January in the sales of cars in India, which marked the sixth drop in seven months.
On Monday, data from the Society of Indian Automobile Manufacturers (SIAM) displayed that 110,212 units in the month were sold by car makers, down from 113,894 sold a year earlier.
Indian Consumers will be happy to know that finance ministry, along with Reserve Bank of India (RBI) and the Indian Banks Association (IBA) are presently in talks to bring interest rates further down.
The rate cut are expected to reflect in segments like home, auto and personal loans.
New Delhi - India's economy is expected to post its lowest growth in six years and fall to 7.1 per cent for the current fiscal year against 9 per cent the previous year, according to government data released Monday.
The estimate - the first official projection for the financial year ending on March 31 - was on expected lines and similar to the rate forecast by Prime Minister Manmohan Singh's Economic Advisory Panel.
The Union government, in its recent decision, has announced capital infusion in three public sector banks namely UCO Bank, Central Bank of India and 
Mohali, Feb 10: The financial meltdown may have wiped off many job opportunities across the globe, yet some small industrial units in Punjab are not only surviving but are also kicking.
As demand fell due to economic uncertainty and tight credit, there was a fall by 3.2 percent in January in the sales of cars in India, which marked the sixth drop in seven months. 
Indian Consumers will be happy to know that finance ministry, along with Reserve Bank of India (RBI) and the Indian Banks Association (IBA) are presently in talks to bring interest rates further down. 
New Delhi - India's economy is expected to post its lowest growth in six years and fall to 7.1 per cent for the current fiscal year against 9 per cent the previous year, according to government data released Monday.
Raipur, Feb 9: The 
