BUSINESS AWAAZ

Global Crude price of Indian Basket was $ 52.73/bbl on May 25

  AMN The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 52.73 per barrel (bbl) on 25.05.2017. This was lower than the price of US$ 53.28 per bbl on previous publishing day of 24.05.2017. In rupee … Continue reading Global Crude price of Indian Basket was $ 52.73/bbl on May 25

Cabinet gives boost to ‘Make in India’

AMN The government of India has taken a major step to boost “Make in India” and self-reliance in the country’s defence needs. The Union Cabinet under Prime Minister Narendra Modi’s leadership has cleared strategic partnership model with Indian and foreign defence manufacturers for domestically producing key defence equipments. Fighter planes, helicopters, submarines, main battle tanks … Continue reading Cabinet gives boost to ‘Make in India’

UDAAN to facilitate air travel for common man: Minister

AMN Civil Aviation Minister Ashok Gajpati Raju today said, the prime objective of regional air connectivity scheme, UDAAN, is to facilitate air travel for the masses. Briefing media at the stakeholders consultation for second round of bidding under the Regional Connectivity Scheme (RCS), Mr Raju said UDAAN is a key component of the National Civil … Continue reading UDAAN to facilitate air travel for common man: Minister

Global Crude oil price of Indian Basket was $ 53.28/bbl on May 24

AMN The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 53.28 per barrel (bbl) on 24.05.2017. This was higher than the price of US$ 52.64 per bbl on previous publishing day of 23.05.2017. In rupee terms, … Continue reading Global Crude oil price of Indian Basket was $ 53.28/bbl on May 24

Crude oil price of Indian Basket was $ 52.64/bbl on May 23

AMN The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 52.64 per barrel (bbl) on 23.05.2017. This was lower than the price of US$ 52.98 per bbl on previous publishing day of 22.05.2017. In rupee terms, … Continue reading Crude oil price of Indian Basket was $ 52.64/bbl on May 23

RBI to reconstitute oversight committee to deal with bad loans

The RBI has decided to reconstitute the oversight committee, OC, with more members after the government armed it with additional powers to resolve bad loans with banks that have crossed Rs 8 lakh crore. In a statement in Mumbai yesterday, the RBI said, while the current members will continue in the reconstituted OC, names of … Continue reading RBI to reconstitute oversight committee to deal with bad loans

India Growth to remain subdued at 6.6% in Q4 FY17

Weak investment activity is likely to restrain economic growth at 6(point)6 per cent for the quarter ended March 2017, says a Dun and Bradstreet report. Going forward, normal monsoon is expected to provide the requisite boost to demand, while transition to GST regime is likely to create some disruption and impact the short-term sales volume … Continue reading India Growth to remain subdued at 6.6% in Q4 FY17

Job prospects in IT sector encouraging: Govt

AMN Government today said Indian IT sector employment prospects in near and long-term are positive and encouraging. Ministry of Electronics and IT said in a release that Indian IT companies currently serve two thirds of the fortune 500 companies and have created 40 lakhs direct jobs in India. The Ministry apart from its own feedback, … Continue reading Job prospects in IT sector encouraging: Govt

India does not believe in imposing partnerships on others: Jaitley

TIA NEWS Making a pitch for stronger ties with African countries, Union Finance minister Arun Jaitley today said India does not believe in imposing partnerships on other nations and leaves it on partners to take a call on alliance. Speaking at the opening session of the 52nd African Development Bank Group (AfDB) Annual Meetings in … Continue reading India does not believe in imposing partnerships on others: Jaitley

Govt says roll out of GST will bring benefit to consumers

The government today said that the roll out of GST will bring benefit to the consumers due to reduced tax rates on various commodities such as packaged cement, medicaments, smart phones and medical devices. The Goods and Service Tax (GST) Council comprising state finance ministers, headed by Finance Minister Arun Jaitley had finalised the GST … Continue reading Govt says roll out of GST will bring benefit to consumers

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NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...