BUSINESS AWAAZ

Finance ministry to print less copies of Economic Survey, Budget

AMN / Finance Ministry has decided to go green and print lesser number of copies of the Economic Survey and Budget. This step has been taken on the recommendations of a Parliamentary Standing Committee. The copies of the two important documents would be available online once they are tabled in Parliament. However, the printed copies, … Continue reading Finance ministry to print less copies of Economic Survey, Budget

Govt to sell 5% stake in NTPC to garner Rs 5K cr

Government will sell five per cent stake in country’s largest power producer National Thermal Power Corporation (NTPC) . It will be sold at a floor price of 122 rupees per share to raise over five thousand crore rupees. The stake sale would be spread over two days with institutional bidders getting the first chance to … Continue reading Govt to sell 5% stake in NTPC to garner Rs 5K cr

Crude oil price of Indian Basket was $ 31.26/ bbl on Feb 22

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$ 31.26 per barrel (bbl) on 22.02.2016. This was higher than the price of US$ 31.07 per bbl on previous publishing day of 19.02.2016. In rupee terms, the … Continue reading Crude oil price of Indian Basket was $ 31.26/ bbl on Feb 22

India takes step to boost export: Nirmala Sitharaman

Union Minister of Commerce and Industry Nirmala Sitharaman has said, the Centre is taking steps to boost exports. Talking to media  at Tiruchirapali in Tamil Nadu yesterday, she said that decline in exports is because of fall in global economy. She said, no licence is given for importing firecrackers and hence entry of foreign made … Continue reading India takes step to boost export: Nirmala Sitharaman

Volvo withdraws 59,000 cars across globe over engine fault

Swedish car maker Volvo is recalling 59,000 cars across 40 markets over a fault that can temporarily shut down the engine. The software fault is restricted to five cylinder diesels from the 60 and 70 series constructed from the middle of last year. Group spokesman Stefan Elfstrom said, the fault could be unpleasant for drivers. … Continue reading Volvo withdraws 59,000 cars across globe over engine fault

Upcoming Budget will be citizen-centric: Jayant Sinha

The upcoming Budget will be citizen-centric with a focus on farm sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today. In his pre-Budget message on Finance Ministry’s YouTube channel, the minister said the Budget will be forward-looking. It will ensure that India continues to be a haven of … Continue reading Upcoming Budget will be citizen-centric: Jayant Sinha

Food Security Act to be implemented across country: Paswan

Union Food and Public Distribution Minister Ram Vilas Paswan said that the National Food Security Act would be implemented across the country by April this year. Talking to media in Guwahati Friday, Mr. Paswan said that as of now, 28 States and Union Territories have implemented the Act. He said that the Centre is keen … Continue reading Food Security Act to be implemented across country: Paswan

India’s GDP to grow at 7.5 percent: Moody’s

US agency Moody’s Investors Service today forecast  a “stable GDP growth at around 7.5 percent in 2016 and 2017” for India, saying the country is relatively less exposed to external headwinds, like the Chinese slowdown, and will benefit from lower commodity prices. India is relatively less exposed to external factors, including China slowdown and global capital … Continue reading India’s GDP to grow at 7.5 percent: Moody’s

Make in India Week gets Rs 15 lakh cr investment commitment

AMN / Investment of 15 lakh, 20 thousand crore rupees has been committed during the Make in India week that concluded in Mumbai today. Briefing to media in Mumbai, secretary of Department of Industrial Policy and Promotion Amithab Kant said business enquiries of one lakh five thousand crore rupees have been made. He said 102 … Continue reading Make in India Week gets Rs 15 lakh cr investment commitment

Doha oil production deal first step towards new alliance: Venezuela

AMN Venezuela’s President Nicolas Maduro yesterday described the decision by several OPEC and non-OPEC oil producing countries to freeze production as a first step towards a new alliance. On Tuesday, the energy ministers of Saudi Arabia, Qatar and Venezuela held talks with Russia in the Qatari capital of Doha, agreeing to freeze oil production at … Continue reading Doha oil production deal first step towards new alliance: Venezuela

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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 ...