BUSINESS AWAAZ

India fastest growing economy in Asia; on track to meet FY18 target: ADB

AMN India continues tobe the fastest growing economy in Asia and is on track to meet current fiscalyear’s projected growth of 7.3 per cent. Asian Development Bank (ADB) in a newreport today said, Indian economy’s growth will further accelerate to 7.6 percent in 2019, as measures taken to strengthen the banking system and tax reformboost … Continue reading India fastest growing economy in Asia; on track to meet FY18 target: ADB

AITAF Urges Govt to further rationalise the GST rates

  ADITYA RAJ DAS / NEW DELHI The All India Tax Advocates Forum (AITAF) has urged the government to further rationalize the GST rates to bring down the overall price level and improve the competitiveness of Indian goods and services in the global market. “While one appreciates the efforts of the government to prune down … Continue reading AITAF Urges Govt to further rationalise the GST rates

Amazon’s founder Jeff Bezos becomes the richest person in modern history

The net worth of founder and chief executive of Amazon, Jeff Bezos, hit new peaks yesterday, following the online retailer’s Prime Day sale with price cuts across a range of products. According to the Bloomberg Billionaires Index, Bezos’s net worth topped 150 billion US Dollars, making him the world’s richest person in decades. Bezos is … Continue reading Amazon’s founder Jeff Bezos becomes the richest person in modern history

Wholesale inflation rises to 5.77% in June

AMN The Inflation, based on wholesale prices, shot up to 5.77 per cent in June on increasing prices of vegetables and fuel items. The WPI inflation stood at 4.43 per cent in May and 0.90 per cent in June last year. According to the official data released today, inflation in food articles stood at 1.80 … Continue reading Wholesale inflation rises to 5.77% in June

India take over as head of Asia Pacific region of WCO

AMN / NEW DELHI India today took over as head of the Asia Pacific region of the World Customs Organisation (WCO). Minister of State for Finance Shiv Pratap Shukla was the Chief Guest of the event organised in New Delhi this morning to mark India’s assumption as Vice Chair for a period of two years. … Continue reading India take over as head of Asia Pacific region of WCO

Industrial production growth slips to 3.2%; retail inflation rises to 5%

AMN Industrial production growth slipped to a seven-month low of 3.2 per cent in May mainly due sluggish performance of manufacturing and power sectors and other reasons, according to the data released by the Central Statistics Office yesterday. The manufacturing sector, which constitutes 77.63 per cent of the index, grew by just 2.8 per cent … Continue reading Industrial production growth slips to 3.2%; retail inflation rises to 5%

RBI makes it compulsory to incorporate purchaser’s name on the face of payment instrumentalities

AMN In order to address the concerns arising out of the anonymity and to prevent money laundering, the Reserve Bank has now made it compulsory to incorporate the purchaser’s name on the face of demand draft, pay order, banker’s cheques and other instruments. The RBI issued a notification in Mumbai yesterday to this effect to … Continue reading RBI makes it compulsory to incorporate purchaser’s name on the face of payment instrumentalities

India becomes sixth-biggest economy in World Bank Ranking

AMN  /NEW DELHI Minister for Commerce and Industry Suresh Prabhu has said that India is on track to be economy of 5 trillion dollars in next few years and 10 trillion dollars in about 16 years under the leadership of Prime Minister Narendra Modi. Reacting to the d World Bank figures for 2017 which has … Continue reading India becomes sixth-biggest economy in World Bank Ranking

Govt approves Idea Cellular and Vodafone India merger

AMN / NEW DELHI Telecom Minister Manoj Sinha today said that the Government has approved the Idea Cellular and Vodafone India merger but the companies need to complete some formalities for the final closure of the deal. The combined operations of Idea and Vodafone will create the country’s largest telecom operator worth over over 1.5 … Continue reading Govt approves Idea Cellular and Vodafone India merger

Govt to remove encroachments from SAIL lands: Minister

Vinit Wahi / AMN / NEW DELHI Union Minister for Steel, Chaudhary Birender Singh, while chairing a meeting on land issues in New Delhi, expressed serious concern over encroachments of land in different Plants and Units of SAIL in the country. He said that all encroachments need to be removed on priority basis for the … Continue reading Govt to remove encroachments from SAIL lands: Minister

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MARQUEE

SC slams Centre for ‘lethargy’ over upkeep of Taj Mahal

AMN / NEW DELHI The Supreme Court today criticised the Central Government and its authorities for their, wh ...

India, Nepal to jointly promote tourism

AMN / KATHMANDU India and Nepal have decided to promote tourism jointly. This was decided at the 2nd meeting ...