BUSINESS AWAAZ

Govt permits banks to sell more small savings schemes

AMN The government has authorised all public sector banks and three private banks to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan. According to the government’s notification, the private banks are ICICI, HDFC and Axis Bank. So far, public sector banks were allowed to receive … Continue reading Govt permits banks to sell more small savings schemes

WPI inflation eases to 2.6 % in September

Wholesale inflation fell to 2.60 per cent in September as prices of food articles, led by vegetables, softened. Inflation, based on the wholesale price index,WPI, had soared to a four-month high of 3.24 per cent in August 2017. It was 1.36 per cent in September last year. The government data released today, showed that inflation … Continue reading WPI inflation eases to 2.6 % in September

I-T dept launches ‘online chat’ to answer taxpayers’ queries

AMN Income Tax Department has launched an online chat service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues. A window has been hosted on the main page of the department’s website – www.incometaxindia.gov.in with a prominent icon stating Live Chat Online- ask your query. … Continue reading I-T dept launches ‘online chat’ to answer taxpayers’ queries

Diwali Muhurat trading from 6. 15 PM today

  BSE and NSE will conduct the Muhurat trading session between 6.30pm and 7.30pm on Diwali day, while a pre-opening session will start at 6.15pm Mumbai Bombay Stock Exchange BSE Ltd and the National Stock Exchange (NSE) said they will conduct a special Muhurat trading session on Thursday, 19 October. The Muhurat trading, which is … Continue reading Diwali Muhurat trading from 6. 15 PM today

Temporary disruptive effect of GST over: Economic affairs secretary

AMN Economic Affairs Secretary S C Garg has said, the temporary disruptive effect of the Goods and Services Tax (GST) is over as the manufacturing sector recorded positive growth of 3.1 percent in August. Commenting on the twin data on industrial output and price situation today, he said, the benign and moderate inflation has become … Continue reading Temporary disruptive effect of GST over: Economic affairs secretary

FM launches gold options trading on MCX

AMN / Union Finance Minister Arun Jaitley today launched gold options trading on the leading commodity bourse MCX and said this is one of the steps towards formalising trade in the yellow metal. Options are derivatives which give a buyer the right but not the obligation to buy or sell an underlying asset or instrument … Continue reading FM launches gold options trading on MCX

Crude oil price of Indian Basket was $ 55.81/bbl on Oct 13

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$ 55.81 per barrel (bbl) on 13.10.2017. This was higher than the price of US$ 55.08 per bbl on previous publishing day of 12.10.2017. In rupee terms, … Continue reading Crude oil price of Indian Basket was $ 55.81/bbl on Oct 13

Slowdown bottomed out, GDP likely to grow 7% in FY18:Niti Aayog

AMN Niti Aayog Vice Chairman Rajiv Kumar has said, the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9 to 7 per cent this fiscal and 7.5 per cent in 2018-19. In an interview to news agency PTI, Mr Kumar said, by first quarter of 2018, there … Continue reading Slowdown bottomed out, GDP likely to grow 7% in FY18:Niti Aayog

NRI deposits nosedive due to oil price tremors in Gulf: Assocham

New Delhi With fading away of the glorious years for the oil-rich countries in the Gulf following the crude prices battling to inch up, the Non-Resident Indians (NRIs) net deposits inflows have seen a huge drop of 98 per cent in the first five months of current financial year over the same period of 2016-17, … Continue reading NRI deposits nosedive due to oil price tremors in Gulf: Assocham

India calls for urgent revision of quota of IMF

AMN India today called for urgent revision of the quota of International Monetary Fund in favour of dynamic emerging market so as to reflect the ground realties of the world. Union Finance Minister Arun Jaitley also expressed hope that this can be done as part of the 15th General Review of Quotas (GRQ). Addressing the … Continue reading India calls for urgent revision of quota of IMF

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SPORTS

India tharshes Malaysia 6-2 in Asia Cup hockey tournament

India defeated Malaysia 6-2 in their second Super 4 stage match of the Asia Cup hockey tournament at Dhaka tod ...

Denmark Open: HS Prannoy storms into QFs; beats Lee Chong Wei

  In Badminton, India's HS Prannoy stunned three-time Olympic silver medalist Lee Chong Wei last night ...

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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 ...