BUSINESS AWAAZ

Indian economy to grow by 7.4% in 2019: UN report

AMN Indian economy is likely to grow by 7.2 per cent in 2018 and go up further to 7.4 per cent in the following year on the back of strong private consumption, public investment and the ongoing structural reforms, says a UN report. The ‘World Economic Situation and Prospects 2018’ report unveiled last night by … Continue reading Indian economy to grow by 7.4% in 2019: UN report

Misconception about FRDI bill is unfounded: Arun Jaitley

AMN / NEW DELHI The government today said that public deposits in banks are safe and misconception about the proposed FRDI bill in social media is unfounded. Allaying fears of depositors, Finance Minister Arun Jaitley said the government is committed to strengthening the banking and financial institutions. Speaking in New Delhi, he said, the Financial … Continue reading Misconception about FRDI bill is unfounded: Arun Jaitley

SC to hear appeal of Unitech against NCLT order on Dec 12

AMN The Supreme Court on Monday agreed to hear tomorrow the appeal of Unitech Limited challenging the recent order of the National Company Law Tribunal (NCLT) directing the central government to take over the management of the embattled real estate firm. A bench of the Apex Court considered the submission of the real estate firm … Continue reading SC to hear appeal of Unitech against NCLT order on Dec 12

FICCI Millennium Alliance Calls for applications for innovations

By Kushal Jeena / Mumbai The Millennium Alliance under Federation of Indian Chambers of Commerce and Industry in its 9th Sankalp Global Summit, called for applications to its’ Global Grant for Indian social enterprises. An exclusive session titled ‘Millennium Alliance global grant: Indian Innovations for Global Impact’ was organized at the summit with about 50 … Continue reading FICCI Millennium Alliance Calls for applications for innovations

ASEAN India Connectivity Summit begins in New Delhi

Our correspondent / NEW DELHI The ASEAN India Connectivity Summit (AICS) begin in New Delhi on Monday. The theme of the two-day Summit is Powering Digital and Physical Linkages for Asia in the 21st Century. The AICS aims at accelerating existing connectivity prospects, identifying issues of concern, evolving suitable policy recommendations and developing strategies to … Continue reading ASEAN India Connectivity Summit begins in New Delhi

24 cos offer to invest over Rs. 60,000 cr in SEZ adjoining JNPT: Gadkari

AMN Union Shipping and Ports Minister Nitin Gadkari has said that 24 companies have offered to invest over 60,000 crore rupees in a special economic zone adjoining the country’s largest container port Jawaharlal Nehru Port Trust. He said this will create employment for 1.25 to 1.50 lakh people. Prime Minister Narendra Modi had laid the … Continue reading 24 cos offer to invest over Rs. 60,000 cr in SEZ adjoining JNPT: Gadkari

India’s fish production increased by 19% in 3 years

AMN Union Minister for Agriculture and Farmers Welfare, Radha Mohan Singh said that India was second largest fish producer in the world. Overall fish production has increased from 0.75 million tonne of 1950-51 to 11.41 million tonne in 2016-17. Besides, this sector provides employment and livelihood support to more than 15 million people of in … Continue reading India’s fish production increased by 19% in 3 years

Direct tax collections rise 14.4% during April–November

AMN Direct tax collections has registered a growth of 14.4 per cent during April to November of this fiscal. Central Board of Direct Taxes in a statement said, tax collections up to November this year stood at 4.8 lakh crore rupees, which is 14.4 per cent higher than the net collections for the corresponding period … Continue reading Direct tax collections rise 14.4% during April–November

RBI rationalises charges on debit card transactions

In order to promote digital payments, RBI has come out with differentiated merchant discount rates (MDR) for debit card transactions, prescribing separate caps for small and large traders. MDR is the rate charged to a merchant by a bank for providing debit and credit card services. As per the latest notification, MDR charges for small … Continue reading RBI rationalises charges on debit card transactions

Govt ropes in ICICI Bank to enable cashless payments on e-NAM

The government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with the national portal of electronic National Agriculture Market (e-NAM). At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards and net banking. A senior Agriculture Ministry official said that farmers have started trading … Continue reading Govt ropes in ICICI Bank to enable cashless payments on e-NAM

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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 ...