BUSINESS AWAAZ

Reforms undertaken by PM Modi are significant: World Bank chief

AMN / World Bank chief Jim Yong Kim has said that the reforms undertaken by Prime Minister Narendra Modi have been significant and the results would be reflected in the mid and long-term growth figures. Talking to reporters at the start of World Bank-IMF annual meetings in Washington, Mr Kim said, their team feels that … Continue reading Reforms undertaken by PM Modi are significant: World Bank chief

Tata Tele to merge with Bharti Airtel

  AMN Bharti Airtel Limited (“Bharti Airtel”), India’s largest telecommunications services provider and Tata, India’s leading conglomerate, today announced that they have entered into an understanding (“Agreement”) to merge Consumer Mobile Businesses (CMB) of TTSL and TTML into Bharti Airtel. The acquisition is subject to requisite regulatory approvals. As part of the Agreement, Bharti Airtel … Continue reading Tata Tele to merge with Bharti Airtel

Airtel launches Rs 1399 4G Karbonn smartphone, monthly pack of Rs 169

AMN / New Delhi Bharti Airtel (“Airtel”), telecommunications services provider, and Karbonn Mobiles, a popular Indian smartphone brand, has announced a partnership to bring an affordable 4G smartphone to the market, effectively at the price of a feature phone. This is the first of several partnerships that Airtel plans to have with mobile handset manufacturers … Continue reading Airtel launches Rs 1399 4G Karbonn smartphone, monthly pack of Rs 169

Direct tax collections in first half of current FY rise 15.8% percent

The Direct Tax Collections in the first half of the current fiscal shows growth of 15.8 per cent. Finance Ministry said, the provisional figures of Direct Tax collections up to September, 2017 show that net collections are at 3.86 lakh crore rupees which is higher than the corresponding period of last year. Net Direct Tax … Continue reading Direct tax collections in first half of current FY rise 15.8% percent

1 lakh Indian youth to get job training in Japan: Pradhan

AMN / NEW DELHI India will send one lakh youths to Japan for on-job training for three to five years as part of the government’s skill development programme. In a series of tweets, Skill Development and Entrepreneurship Minister Dharmendra Pradhan said, Japan will bear the financial cost of the skill training of Indian technical interns. … Continue reading 1 lakh Indian youth to get job training in Japan: Pradhan

Supreme Court’s judgment on right to privacy protects Aadhaar: Jaitley

AMN Finance Minister Arun Jaitley has said that the recent Supreme Court order on the Right to Privacy has laid down the correct exemptions, which protect Aadhar. Responding to a question at Columbia University on how the government is planning to handle Aadhar after the recent verdict, Mr Jaitley said he believes that the Supreme … Continue reading Supreme Court’s judgment on right to privacy protects Aadhaar: Jaitley

Petrol pump dealers call off Oct 13 strike

AMN / New Delhi Petrol pump dealers on Wednesday called off their proposed day-long strike on October 13, 2017 after state-owned oil firms warned them of strict action. State-owned oil firms had warned that in case they go on strike their contracts may be cancelled. While calling off the strike Ajay Bansal, President of All … Continue reading Petrol pump dealers call off Oct 13 strike

PM Econnmic Council identifies 10 major issues to focus on

ANDALIB AKHTER / NEW DELHI The newly set up Economic Advisory Council to the Prime Minister (PMEAC) today identified ten major priorities for accelerating economic growth and employment generation in the country in the next six months. The council which held its first meeting here PMEAC chalked out the major priorities for accelerating economic growth … Continue reading PM Econnmic Council identifies 10 major issues to focus on

Indian economy on stronger track: Jaitely

AMN India’s Finance Minister Arun Jaitley has said that series of reforms like demonetisation and the GST, initiated by the Modi government has put the Indian economy on a far more stronger track. Addressing the students of the Columbia University in New York, Mr. Jaitley said, these are structural changes and have put the Indian … Continue reading Indian economy on stronger track: Jaitely

IMF trims India growth forecast for current financial year to 6.7 %

AMN The International Monetary Fund, IMF, has trimmed India’s growth forecast for Financial Year 2017-18 but expects a revival as structural reform bears fruit. In its latest World Economic Outlook released yesterday, the IMF lowered India’s growth forecast for 2017 to 6.7% from its earlier estimate of 7.2 per cent. It cited lingering impact of … Continue reading IMF trims India growth forecast for current financial year to 6.7 %

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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 ...