Business
India Stiffens Restrictions on Trade With North Korea
The Directorate General of Foreign Trade (DGFT) has come out with a notification to widen the prohibition on direct or indirect import and export from/to North Korea.
Markets Begin Samvat 2074 on Weak Note, Sensex Tumbles 194 Points
Banking stocks led the fall as participants booked profits to write their first entry with gains on the first session of Samvat 2074.
Inflation, Fiscal Uncertainty Led to Rate Status Quo, Says RBI
Based on the majority view at the MPC meet, the central bank decided to maintain status quo and left key policy rate (repo) unchanged at 6 percent despite a clamour for moderation to boost the economy which hit 3 year low of 5.7 percent in the first quart...
Hit by DeMo-GST, Corporates Slash Gifts by 35-40%: Assocham
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) had conducted a telephonic survey of about 758 companies across tier I, II and III cities Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai in the run...
66 Machines Being Used to Count Demonetised Notes: RBI
A global tender has been floated for the procurement of new CVPS machines, the RBI said in reply to an RTI query on details of such machines being used for counting demonetised notes in the country.
Govt to Bring 12 Lakh Hectares of Land Under Micro-Irrigation: Agri Minister
"We could micro-irrigate 8 lakh hectares of area in 2016 -17. This was something which did not happen in the earlier years," Singh said.
India Should Prioritise Public Banking Sector Reforms: IMF
The country's growth is expected to accelerate in the medium-term as temporary disruptions due to demonetisation and the Goods and Services Tax (GST) fade, the IMF said in its Asia and Pacific Regional Economic Outlook Update.
JNPT Container Traffic Rises 6 Percent in H1 FY18
Jawaharlal Nehru Port Trust (JNPT), which handled a record 4.5 million TEUs in the previous financial year, has sustained its momentum in the first six months of the current financial year as well, Ministry of Shipping said in a statement.
Working on Plan to Rebuild Capacity of Banking Sector, Says Arun Jaitley
Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and the World Bank, also said that reforming the banking system is the top agenda of the government.
Traders Move Supreme Court, Seek Relaxation of Firecracker Ban
Lawyers for the petitioners told the apex court that after the lifting of the November 2016 ban on September 12 this year, they had bought firecrackers for sale but the October 9 ban had caused them harm.
Saudi Aramco Opens Office in India, Eyes Higher Sales
Saudi Aramco CEO Amin H Al-Nasser opened the office of the company's subsidiary, Aramco Asia India, at Gurugram, an official statement said.
3 Risk-Free Saving Plans to Earn More Interest Than 4% from Savings Account
Individuals who prefer their peace of mind over risk can explore the below options for saving their money to earn more interest than what most of the banks are currently offering on savings accounts
Wind Power Tariff Hits all-time Low of Rs 2.64 Per Unit
India has set a target of having 175 GW of renewable energy including 100GW of solar and 60GW of wind power by 2022. This is an important development after the solar power tariff fell to a record low of Rs 2.44 per unit earlier this year.
Shell Companies Crackdown: 4.5 Lakh Directors may Face The Axe
Asserting that genuine corporates will not face action, the minister of state for corporate affairs said non-compliant companies are tarnishing the image of good ones.
Moody's Assigns Investment Grade Rating to IREDA's Masala Bond
Moody's Investors Service has assigned a Baa3 rating to IREDA's USD 300 million equivalent Indian rupee-denominated senior unsecured bonds (the so-called IREDA Green Masala Bond), the rating agency said in a press release.
There is Scope for Reducing GST Slabs, Hints Arun Jaitley
Currently, the GST regime slots items under rates of 5, 12, 18 and 28 percent. An additional GST compensation cess is also levied on certain products.