BUSINESS AWAAZ

INDIAN TRADERS SKEPTICAL OVER WALMART- FLIPKART DEAL

AMN / NEW DELHI A group of Indian traders has expressed skepticism over much publicised Walmart and Flipkart business deal. The Confederation of All India Traders (CAIT) has said that it will closely study the metrics of Walmart-Flipkart deal and move to the Government or appropriate Authority to seek a ban on the deal till … Continue reading INDIAN TRADERS SKEPTICAL OVER WALMART- FLIPKART DEAL

Traders supports 30 billion Digital Payments target of Govt

Proposes incentives for consumers and GST rebates for merchants for adoption of Bharat QR AMN / NEW DELHI While supporting the Government’s target of 30 billion digital transactions in FY 18-19, the Confederation of All India Traders (CAIT) today strongly advocated for educating merchants and consumers to use “Bharat QR” for making payments for business … Continue reading Traders supports 30 billion Digital Payments target of Govt

Govt orders for extending assistance to clear dues of sugarcane farmers

AMN / NEWDELHI Central government has issued orders for extending assistance to clear the dues of sugarcane farmers. In a statement, Consumer Affairs, Food and Public Distribution Ministry said government has decided to provide financial assistance of 5.50 rupees per quintal of cane crushed in sugar season 2017-18 to sugar mills to offset the cost … Continue reading Govt orders for extending assistance to clear dues of sugarcane farmers

India will be the fastest-growing major economy in 2018: IMF

AMN The International Monetary Fund, IMF reaffirmed today that India will be the fastest-growing major economy in 2018, with a growth rate of 7(point)4 per cent that rises to 7(point)8 per cent in 2019 with medium-term prospects remaining positive. The IMF’s Asia and Pacific Regional Economic Outlook report said that India was recovering from the … Continue reading India will be the fastest-growing major economy in 2018: IMF

ASSOCHAM welcomes draft National Digital Communications Policy

AMN / NEW DELHI ASSOCHAM, the apex body of Indian industry has welcomed the draft National Digital Communications Policy (NDCP) 2018 that provides much needed impetus for light-touch, technology friendly framework to propel innovation and efficiency via communications. “The telecommunications sector is a critical enabler for Digital India and this proposed new policy is designed … Continue reading ASSOCHAM welcomes draft National Digital Communications Policy

India signs $2mn Loan Deal with World Bank for Nutrition Mission

AMN India has signed an agreement of 200-million dollar loan with the World Bank for the National Nutrition Mission (POSHAN Abhiyaan) for 315 districts across all states and union territories. It would help the government in achieving its goal of reducing stunting in children 0-6 years of age from 38.4 percent to 25 percent by … Continue reading India signs $2mn Loan Deal with World Bank for Nutrition Mission

Suresh Prabhu convenes meeting to discuss export promotion

AMN Commerce and Industry Minister Suresh Prabhu has called a meeting of various departments, including finance and textiles in New Delhi today to discuss ways to promote exports. A ministry official said the meeting would deliberate upon ways on sectoral export promotion strategy. Officials from different ministries and departments including petroleum, civil aviation, agriculture, pharmaceutical, … Continue reading Suresh Prabhu convenes meeting to discuss export promotion

ADB sees good prospect of Indian Economy

AMN The Asian Development Bank (ADB) has said, India’s projected GDP growth of over 7 per cent for the current fiscal is amazingly fast and if this momentum is maintained, the size of the economy can double within a decade. In an interview to a news agency, ADB Chief Economist Yasuyuki Sawada said, India should … Continue reading ADB sees good prospect of Indian Economy

Gold slips below Rs 32,000 on low demand, global cues

AMN Gold prices fell by 20 rupees to 31,980 rupees per 10 grams at the bullion market today on easing demand from local jewellers along with subdued global cues, extending its fall for the third straight day. However, silver recovered by 100 rupees to 40,300 rupees per kg on scattered enquiries from industrial units. Traders … Continue reading Gold slips below Rs 32,000 on low demand, global cues

NITI Aayog & IBM to develop a crop yield prediction model using Artificial Intelligence

AMN / NEW DELHI NITI Aayog and IBM have signed a Statement of Intent to develop a crop yield prediction model using Artificial Intelligence to provide real-time advisory to farmers in Aspirational Districts. The Intent was signed yesterday in presence of NITI Aayog, CEO Amitabh Kant and IBM India, MD Karan Bajwa. According to an … Continue reading NITI Aayog & IBM to develop a crop yield prediction model using Artificial Intelligence

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