BUSINESS AWAAZ

ILO, FICCI sign pact to boost MSME productivity

The International Labour Organisation and FICCI today took their partnership to the next level by signing an MoU to impart training to MSMEs to make them competitive and boost productivity. This is the second phase of the signing of Sustaining Competitive and Responsible Enterprises (SCORE) Global Programme, wherein national institutes provide training to MSMEs. In … Continue reading ILO, FICCI sign pact to boost MSME productivity

EPFO to invest Rs 5,000 cr in stocks via ETFs

Marking its maiden entry into stock market, India’s pension fund body today announced an investment of Rs. 5,000 crore through Exchange Traded Funds – ETFs. This was announced by Union Labour Minister Bandaru Dattatreya in Mumbai. He said the Employment Provident Fund Organisation – EPFO will invest around Rs 5,000 crore this fiscal through SBI … Continue reading EPFO to invest Rs 5,000 cr in stocks via ETFs

MNREGA: Govt clears direct release of wages into bank accounts of workers

TIA NEWS The Union Cabinet has approved release of wages directly to the accounts of the workers engaged under the Mahatma Gandhi National Rural Employment Guarantee Act, (MGNREGA). The decision in was taken by the Cabinet, chaired by Prime Minister Narendra Modi, in New Delhi last evening. As per the scheme, the wage component of … Continue reading MNREGA: Govt clears direct release of wages into bank accounts of workers

Jaitely confident of 8 % growth rate in current fiscal

TIA Correspondent Finance Minister Arun Jaitley today asserted that the country’s economy will boost further with the government taking all effective measures in the financial sector. He exuded confidence that the growth rate of economy will cross 8% during the current financial year. Mr Jaitley was replying to a discussion on the Supplementary Demands for … Continue reading Jaitely confident of 8 % growth rate in current fiscal

India defers FTA talks with EU over ban of 700 pharma products

Expressing disappointment and concern over the European Union banning sale of around 700 pharma products, clinically tested by GVK Biosciences, India has deferred the talks with the EU on the proposed free trade agreement. Chief negotiators of India and the EU were scheduled to resume the negotiations on the Broad-based Investment and Trade Agreement (BTIA) … Continue reading India defers FTA talks with EU over ban of 700 pharma products

Fall in Crude, commodity prices best chance to curb inflation: Rajan

RBI Governor Raghuram Rajan today said that India must take advantage of a continuing plunge in crude oil and other commodity prices to sustainably choke inflation. Addressing the customary post-policy conference call with analysts in Mumbai today, Dr. Rajan said it is the best time to bring down inflation and it can be done at … Continue reading Fall in Crude, commodity prices best chance to curb inflation: Rajan

No scope for cut in lending rates in near-term: Bankers

AMN / Bankers have reacted sharply over the status quo on repo rates in its third bimonthly policy review announced by RBI.They  have ruled out any immediate lowering of interest rates as the RBI maintained status quo on policy rates in its third bimonthly policy review announced Tuesday. Speaking to reporters in Mumbai, SBI Chairperson Arundhati Bhattacharya … Continue reading No scope for cut in lending rates in near-term: Bankers

Auction for Sale (Re-Issue) of Government Stocks

Government of India have announced the Sale (re-issue) of (i) “7.68 per cent Government Stock 2023” for a notified amount of ` 2,000 crore (nominal) through price based auction, (ii)“7.72 per cent Government Stock 2025” for a notified amount of ` 6,000 crore (nominal) through price based auction, (iii) “8.24 per cent Government Stock 2033” … Continue reading Auction for Sale (Re-Issue) of Government Stocks

Govt to discuss SIT recommendations on P-notes with SEBI, RBI

TIA Correspondent Government today said that it would not take any “knee-jerk” reaction on stricter norms for P-Notes proposed by SIT on black money that will adversely impact country’s investment climate. Finance Minister Arun Jaitley said in New Delhi that the government will study the suggestions before taking a stand. The government said a view … Continue reading Govt to discuss SIT recommendations on P-notes with SEBI, RBI

Govt to hold consultations on P-notes: Revenue Secretary

AMN / Amidst fears of negative impact of Special Investigative Team (SIT) recommendation of stricter norms for participatory notes (P-notes) on markets, the government today said a view on the suggestions will be taken only after consultations with SEBI, RBI and others. The Supreme Court-appointed SIT on black money last week recommended a host of … Continue reading Govt to hold consultations on P-notes: Revenue Secretary

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Vikas, Gaurav enter semis of Strandja Memorial boxing

Former Asian Games gold-medallist Vikas Krishan (75kg) and Gaurav Solanki (52kg), have advanced to the semifin ...

Mapuia’s Brace Ends Aizawl’s Winless Run

AMN / Aizawl After eight winless games, finally Aizawl FC got back to their winning ways while they defeated ...

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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 ...