BUSINESS AWAAZ

Jaitely confident of 8 % growth rate in current fiscal

TIA Correspondent Finance Minister Arun Jaitley today asserted that the country’s economy will boost further with the government taking all effective measures in the financial sector. He exuded confidence that the growth rate of economy will cross 8% during the current financial year. Mr Jaitley was replying to a discussion on the Supplementary Demands for … Continue reading Jaitely confident of 8 % growth rate in current fiscal

India defers FTA talks with EU over ban of 700 pharma products

Expressing disappointment and concern over the European Union banning sale of around 700 pharma products, clinically tested by GVK Biosciences, India has deferred the talks with the EU on the proposed free trade agreement. Chief negotiators of India and the EU were scheduled to resume the negotiations on the Broad-based Investment and Trade Agreement (BTIA) … Continue reading India defers FTA talks with EU over ban of 700 pharma products

Fall in Crude, commodity prices best chance to curb inflation: Rajan

RBI Governor Raghuram Rajan today said that India must take advantage of a continuing plunge in crude oil and other commodity prices to sustainably choke inflation. Addressing the customary post-policy conference call with analysts in Mumbai today, Dr. Rajan said it is the best time to bring down inflation and it can be done at … Continue reading Fall in Crude, commodity prices best chance to curb inflation: Rajan

No scope for cut in lending rates in near-term: Bankers

AMN / Bankers have reacted sharply over the status quo on repo rates in its third bimonthly policy review announced by RBI.They  have ruled out any immediate lowering of interest rates as the RBI maintained status quo on policy rates in its third bimonthly policy review announced Tuesday. Speaking to reporters in Mumbai, SBI Chairperson Arundhati Bhattacharya … Continue reading No scope for cut in lending rates in near-term: Bankers

RBI’s decision to maintain status quo on Repo rates is guarded approach: CII

AMN / Confederation of Indian Industry, CII today said RBI’s decision to maintain the status quo on policy rates indicates a guarded approach towards monetary easing to restrain inflationary expectations. Reacting to the decision, Director General of CII Chandrajit Banerjee said the policy of front loading the interest rate cuts should have been allowed to … Continue reading RBI’s decision to maintain status quo on Repo rates is guarded approach: CII

RBI keeps repo rate unchanged in 3rd bi-monthly monetary policy review

AMN / MUMBAI: Reserve Bank of India, RBI, has kept its key policy rates (Repo rate )  unchanged in its third bi-monthly monetary policy review with Governor Raghuram Rajan saying that the headline inflation is at elevated levels and banks are yet to pass on the full benefits of previous rate cuts. RBI announced that … Continue reading RBI keeps repo rate unchanged in 3rd bi-monthly monetary policy review

RBI, Govt reach consensus on MPC composition: Dr Raghuram

AMN Reserve Bank of India, RBI, Governor Dr. Raghuram Rajan today said that the apex bank and the government have reached a broad consensus on the structure and composition of Monetary Policy Committee, MPC. Addressing a media conference after announcing the third Bi-monthly Monetary Policy in Mumbai today, Mr. Rajan said there is no difference … Continue reading RBI, Govt reach consensus on MPC composition: Dr Raghuram

Onion hoarding: Centre asks States to take immediate action

Centre has asked all the state governments to take immediate action against hoarding and black-marketing of onions. Talking to media in New Delhi yesterday, Food Minister Ram Vilas Paswan said, his Ministry has taken several measures to check prices of onions in the last few weeks. He said, Centre is in the process of importing … Continue reading Onion hoarding: Centre asks States to take immediate action

India foils UK Company’s bid to patent turmeric, pine bark and tea

AMN India has foiled a British Company’s bid to patent use of turmeric, pine bark and tea for treating hair loss and succeeded in protecting its traditional knowledge. The UK based company Pangaea Laboratories Limited had filed patent application at European Patent office in February, 2011 on a medicinal composition containing turmeric, pine bark and … Continue reading India foils UK Company’s bid to patent turmeric, pine bark and tea

SEBI cautions small investors against ‘risky’ gains

Securities and Exchange Board of India (SEBI) has cautioned small investors against coming for quick gains through speculation in this market, which is ‘risky’ and requires a lot of technical expertise. SEBI Chairman U K Sinha in an interview to a news agency said that small investors not to fall prey to people saying small … Continue reading SEBI cautions small investors against ‘risky’ gains

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OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...