BUSINESS AWAAZ

Retail inflation rises to 2.36% in July

  Retail inflation rose to 2.36 per cent in July this year, chiefly driven by hardening prices in sugar and confectionery items, pan, tobacco, and intoxicants. Retail inflation, as measured by the consumer price index, had stood at 1.46 per cent in June. Data released by the Central Statistics Office showed today showed that retail … Continue reading Retail inflation rises to 2.36% in July

Pool all skill development schemes under one ministry: ASSOCHAM

New Delhi / The Union Government should take core elements of skill development from various ministries and pool them under single minister with a budget of about Rs 25,000 crore, suggested an ASSOCHAM-Tata Institute of Social Sciences (TISS) joint study. Despite establishment of a dedicated ministry, many skill development schemes still remain with respective ministries … Continue reading Pool all skill development schemes under one ministry: ASSOCHAM

Lenovo launches future-ready laptops with next-gen features

Lenovo, a global technology player and one of the world’s leading PC and Tablet brands, has unveiled its latest collection of future-ready laptops in Noida, Gurgaon, and Ghaziabad. The new range consists of ultra-sleek devices including the Yoga 720 & Yoga 520, premium convertibles with style and performance; Ideapad 520s & 320s, ultra-thin and light … Continue reading Lenovo launches future-ready laptops with next-gen features

GST in long-run will be beneficial for tax system: Piyush Goyal

Union Minister for Power Piyush Goyal has said Goods and Services Tax (GST), in the long-run, will be beneficial for the tax system and will lead to ease of doing business. The Minister was addressing a workshop on MSME and Government, Dialogue for Development, a State level convention of MSMEs organised by Laghu Udhyog Bharati … Continue reading GST in long-run will be beneficial for tax system: Piyush Goyal

No plans for duty-free sugar imports: Paswan

Consumer Affairs, Food and Public Distribution Minister Ramvilas Paswan has clarified, there is no plan to allow further import of sugar at zero duty. He told newsmen in New Delhi, the country has sufficient stock of sugar to meet the current demand. Paswan said, sugar mills have been asked to commence crushing operations early to … Continue reading No plans for duty-free sugar imports: Paswan

Economic Survey: GDP Growth reasonable given global scenario

By TN Ashok It sounds almost like a midyear review of the economic scenario of the country. The 2nd part of the Economic Survey released at the end of the monsoon session of parliament that followed the budget session ( part one was released before FY 2017-18 budget) by the Finance Minister Arun Jaitley predicts … Continue reading Economic Survey: GDP Growth reasonable given global scenario

Mahindra to sell China tractor JV stake for RMB 82 million

New Delhi India’s tractor giant Mahindra and Mahindra group on Friday said it will exit from its China joint venture for tractor business, Mahindra Yueda Yancheng Tractor Company, by selling entire stake for RMB 82 million (nearly Rs80 crore). The Indian conglomerate has plans to independently operate in China. Mahindra and Mahindra holds 51% stake … Continue reading Mahindra to sell China tractor JV stake for RMB 82 million

Govt not written-off even one rupee of corporates: Jaitley

AMN / NEW DELHI Finance Minister Arun Jaitley today clarified that the government has not written off even one rupee of the corporates. Replying to supplementaries in the Lok Sabha, today Mr Jaitley said the writing off a loan is a commercial decision of banks as per their board approved policy formulated in conformity with … Continue reading Govt not written-off even one rupee of corporates: Jaitley

Economic Survey Volume II forecasts 7.5% growth

AMN / NEW DELHI The Economic Survey Volume II for the year 2016-17 was tabled today in Parliament. It said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult due to appreciation of rupee, farm loan waivers and transitionary challenges from implementing GST. The survey, however, noticed a rekindled … Continue reading Economic Survey Volume II forecasts 7.5% growth

Parliament passes Banking Regulation (Amendment) Bill, 2017

AMN / NEW DELHI Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it Friday . The Lok Sabha has already passed it. Replying to a debate on the Bill, Finance Minister Arun Jaitley said, the wilful defaulters will not be spared and prosecution s are being launched against them. … Continue reading Parliament passes Banking Regulation (Amendment) Bill, 2017

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Virat Kohli continues to top ICC ODI rankings for batsmen

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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 ...