BUSINESS AWAAZ

Any attempt by govt to capture RBI will be catastrophic: Chidambaram

Our Staff Reporter / New Delhi Former finance minister P Chidambaram on Thursday termed November 19 as the ‘day of reckoning’ when the RBI Board is scheduled to meet saying that the government has packed the RBI Board with its hand-picked nominees and is making every effort to ram through its proposal at the Board … Continue reading Any attempt by govt to capture RBI will be catastrophic: Chidambaram

No let up in GST Refunds, govt assures traders

ANDALIB AKHTER / NEW DELHI Government today assured the business community that there were no let up in sanction of GST Refunds and said that efforts were being made continuously to clear all the pending refund claims, wherever requisite information is provided and found eligible. It however sought co-operation of the exporter community to ensure … Continue reading No let up in GST Refunds, govt assures traders

Govt approves Procurement Quota to M/s ITI Ltd. made by BSNL, MTNL and BBNL

AMN / NEW DELHI The Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi today approved Procurement Quota to M/s ITI Ltd. in procurements made by BSNL, MTNL and BBNL The Cabinet Committee on Economic Affairs (CCEA) approved the following proposal of Department of Telecommunications regarding continuation of Procurement Quota for M/s … Continue reading Govt approves Procurement Quota to M/s ITI Ltd. made by BSNL, MTNL and BBNL

On second anniversary, Jaitley praises Demonetization

Says it was a key step to formalize economy: Arun UNION Finance Minister Arun Jaitley has said demonetization was a key step in a chain of important decisions taken by the government to formalize the economy. He said financial inclusion was another important step to ensure that even weaker sections became part of the formal … Continue reading On second anniversary, Jaitley praises Demonetization

MUHURAT TRADING on Nov 07 at 5 PM

AMN Stock markets would remain closed on Wednesday and Thursday for ‘Diwali Laxmi Pujan’ and ‘Diwali Balipratipada’. The BSE and NSE will conduct a special ‘Muhurat’ trading session on Wednesday, November 7 between 5:00 pm and 6:30 pm, the stock exchanges had said on Friday. GLOBAL MARKETS Asian shares ticked up in early Tuesday trade, … Continue reading MUHURAT TRADING on Nov 07 at 5 PM

Govt operationalises Operation Greens strategy

    AMN / NEW DELHI The government today approved the operationalization strategy for Operation Greens to ensure availability of Tomato, Onion and Potato throughout the country round the year without price volatility. Operation Greens was announced in the Budget speech of 2018-19 with an outlay of 500 crore rupees to stabilize the supply of … Continue reading Govt operationalises Operation Greens strategy

Dhanteras Failed to Bring Festive Spirits in Markets: CAIT

Low turnout of customers-slowdown continues AMN / NEW DELHI The slowdown in commercial markets of the Country continues even today, the day of Dhanteras which is considered as most auspicious day to buy gold or silver jewellery, utensils and kitchenware & appliances on this day. There is gloomy atmosphere in sales outlets of these commodities … Continue reading Dhanteras Failed to Bring Festive Spirits in Markets: CAIT

Jaitely hails role of Competition Commission of India

Says multiple market players are in larger consumer interest Agencies / New Delhi Union Finance and Corporate Affairs Minister Arun Jaitley today said that earlier flaws in the system like unfair bidding and cartelisation have been stopped due to the steps taken by the Competition Commission of India, CCI. He was speaking at a national … Continue reading Jaitely hails role of Competition Commission of India

Oil prices fall for fourth straight week as US allows Irans sanctions waiver

WEB DESK Global crude oil prices fell for the fourth straight week as investors worried about oversupply as the United States temporarily spared eight countries from Iran-related sanctions during the week. The waivers could allow top buyers to keep importing Iranian oil after economic penalties come back into effect on Monday. So US crude futures … Continue reading Oil prices fall for fourth straight week as US allows Irans sanctions waiver

RBI starts process to set up Public Credit Registry for capturing borrowers’ details

AMN The Reserve Bank has initiated setting up a digital Public Credit Registry to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies. The Reserve Bank has invited expression of interest for developing the registry from companies with a turnover of over 100 crore … Continue reading RBI starts process to set up Public Credit Registry for capturing borrowers’ details

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