Friday 28th of July 2017 05:18:34 AM  Agra

Bihar Chief Minister resigned from his post

Chief Minister of Bihar Mr Nitish Kumar has resigned from his post and said that he tried his best to lead the grand alliance government but political situation does not permit him to continue the government.He told to journalists outside Raj Bhavan in Patna after submitting his resignation to Governor Keshri Nath Tripathi, present circumstances compelled him to resign from his post.His resignation was accepted by the Governor.

Sahara chief Subrata Roy to deposit Rs 1,500 crore by September 7-SC

New Delhi- SC of India directed Mr Subrata Roy, chief of Sahara Group to deposit 1,500 crore rupees in the SEBI-Sahara refund account by 7th of September.Supreme court was informed by Roy's advocate, Kapil Sibal that his client has deposited 247 crore as against the promised amount of 552.21 crore which was to be deposited in the refund account by 15th of this month. He said the balance amount of 305.21 crore would be deposited by 12th of August.The court, however, said that 1,500 crore, which Roy would deposit by 7th of September would also include the balance amount of 305.21 crore. Roy had earlier told the court that he will pay 1,500 crore on or before 15th of June.

India's growth 7,4 per cent retained by Asian Development Bank

India's growth projection at 7,4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5,9 per cent retained by Asian Development Bank.Implementation of the Goods and Services Tax (GST) is expected to improve ease of doing business and facilitate growth in the medium term, it said, adding that there could be some teething pains as firms will take time to adjust to the new indirect tax regime.

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