BUSINESS AWAAZ

Govt exempts importers of pulses from stock limits

Norms for millers & wholesalers also relaxed Staff Reporter Union government has relaxed stock limits for Millers and wholesalers and exempted importers of pulses from the stock limits after considering the softening of the prices and feedback received from State governments and various stake holders. These entities will however continue to declare stocks on the … Continue reading Govt exempts importers of pulses from stock limits →

India emerges as 5th largest foreign exchange reserves holder after China, Japan, Switzerland, Russia

WEB DESK India has emerged as the fifth-largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia. In a written reply in Lok Sabha, the Minister of State for Finance Pankaj Chaudhary said the country’s forex reserves stood at around 609 billion Dollars on 25th of June. He said the country’s … Continue reading India emerges as 5th largest foreign exchange reserves holder after China, Japan, Switzerland, Russia →

CPI opposes to any move to privatize nationalised banks

Communist Party of India General Secretary D. RAJA has written a letter to Finance Minister Mrs. Nirmala Sitharaman today expressing strong opposition to any move to privatize nationalised banks. Respected Madam Nirmala Sitharaman, We are aware that in this year’s budget speech you had mentioned that the government has proposed to privatise two nationalised banks. … Continue reading CPI opposes to any move to privatize nationalised banks →

Fragrances of Indian flowers reach Dubai via Madurai

AMN / WEB DESK In a bid to give a new fillip to the trade between India and UAE, a new pathway has been opened up between Dubai and the South Indian city of Madurai specially to export Geographical Indications (GI) certified traditional local flowers from this ancient city to the emirate. Madurai is Tamil … Continue reading Fragrances of Indian flowers reach Dubai via Madurai →

OPEC+ members agree to raise output by 400,000 barrels a day from August

The 19th OPEC and non-OPEC Ministerial Meeting has commenced via video conference under the Chairmanship of Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy and Co-Chair HE Alexander Novak, Russian Deputy Prime Minister, jointly. AGENCIES / WEB DESK OPEC+, the alliance of oil producing countries led by Saudi Arabia and Russia, has agreed … Continue reading OPEC+ members agree to raise output by 400,000 barrels a day from August →

CBI registers case against private company for causing loss of Rs 1028.94 cr to SBI, consortium banks

AGENCIES CBI has registered a case on a complaint from State Bank of India, New Delhi against private company and others for causing an alleged loss of 1028.94 crore rupees to SBI and other consortium member banks. It has been alleged in the complaint that the accused including private company and its Directors had cheated … Continue reading CBI registers case against private company for causing loss of Rs 1028.94 cr to SBI, consortium banks →

Digital platform, ‘Kisan Sarathi’ launched to facilitate farmers to get right information

Staff Reporter / NEW DELHI Government on Friday launched digital platform Kisan Sarathi to facilitate farmers to get right information at right time in their desired language. The platform Kisan Sarathi was jointly launched by Agriculture Minister Narendra Singh Tomar and Electronics and Information Technology Minister Ashwini Vaishnaw through video conference on the occasion of … Continue reading Digital platform, ‘Kisan Sarathi’ launched to facilitate farmers to get right information →

Near-term prospects of Indian economy has brightened: RBI

AMN / WEB DESK The tapering of second wave of COVID-19 infections and an aggressive vaccination have brightened the near-term prospects for the Indian economy, the Reserve Bank of India said in its July bulletin, released on Thursday. The Bulletin includes three Articles and Current Statistics. The three articles are: I. State of the Economy; … Continue reading Near-term prospects of Indian economy has brightened: RBI →

BHIM-UPI launched in Bhutan

AMN / WEGB DESK Finance Minister Nirmala Sitharaman and Finance Minister of Bhutan Lyonpo Namgay Tshering jointly launched BHIM-UPI in Bhutan on Tuesday. Speaking on the occasion, Ms Sitharaman said that the services have started in Bhutan under India’s neighbourhood first policy and India is proud of this achievement. The Finance Minister said that BHIM-UPI … Continue reading BHIM-UPI launched in Bhutan →

India expands mango export to newer countries

AMN / WEB DESK Despite logistical challenges posed by COVID19 pandemic, India has expanded its footprint of mango exports to newer countries this season. In a major initiative which would boost mango export potential from the eastern region especially to middle east countries, a consignment of Geographical Identification certified Fazil mango variety sourced from Malda … Continue reading India expands mango export to newer countries →