BUSINESS AWAAZ

Slump in oil, commodity prices to help India build infra: CEA

Slump in oil, steel and cement prices presents India with an opportunity to build infrastructure at lower costs as well as shore up public and private spending, Chief Economic Advisor Arvind Subramanian said today. Speaking at the India Investment Summit in Delhi, he said though India faces some headwinds from global slowdown, the country continues … Continue reading Slump in oil, commodity prices to help India build infra: CEA

Crude oil price of Indian Basket $ 31.66/ bbl on Feb 04

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 31.66 per barrel (bbl) on 04.02.2016. This was higher than the price of US$ 30.16 per bbl on previous publishing day of 03.02.2016. In rupee terms, the … Continue reading Crude oil price of Indian Basket $ 31.66/ bbl on Feb 04

GST will become a reality soon, says Arun Jaitley

Finance Minister Arun Jaitley today said India has withstood successfully during period of financial crisis in the world. Addressing the India Investment Summit 2016 in New Delhi, Mr Jaitley said, India continues to be one was of the fastest growing economies in the world. He said, in the last 19 odd months government has opened … Continue reading GST will become a reality soon, says Arun Jaitley

Saroj Kumar Jha appointed as Senior Director in World Bank

AMN / Saroj Kumar Jha has been appointed to a key position in the World Bank. Jha assumed the position of Senior Director for the Fragility, Conflict and Violence Group at the World Bank. He has to work across the Bank Group and in close collaboration with partners. Jha is an alumnus of Indian Institute … Continue reading Saroj Kumar Jha appointed as Senior Director in World Bank

Centre clears road and port projects worth Rs 9,672 crore

Centre today cleared six road projects and one port sector project with estimated project cost of around Rs 9,672 crore. These included four National Highway projects, one each in the state of Maharashtra and Himachal Pradesh and two projects in the state of Uttar Pradesh and one port sector project in the state of Goa. … Continue reading Centre clears road and port projects worth Rs 9,672 crore

Coal linkages to cement, steel sectors via auction: Centre

Centre has said allocation of coal linkages for the non-regulated sector, which includes steel and cement, will be only through the auction route to ensure transparency. Briefing media after Cabinet meeting in New Delhi today, Power and Coal Minister Piyush Goyal said Cabinet Committee on Economic Affairs has approved allocation of coal linkages for non-regulated … Continue reading Coal linkages to cement, steel sectors via auction: Centre

Govt sets up two panels to ensure consistency in tax policies

Government has set up two new committees namely Tax Policy Research Unit (TPRU) and Tax Policy Council ( TPC ) to streamline the taxation policy and administration. The TPRU to be headed by Revenue Secretary will carry out studies on various topics of fiscal and tax policies. The Research Unit will also assist the TPC … Continue reading Govt sets up two panels to ensure consistency in tax policies

Govt to infuse about Rs 5,000 cr in PSU banks this quarter

The Government will infuse about Rs 5,000 crore capital in the public sector banks in the current fiscal to strengthen their balance sheet. Financial Services Secretary Anjuly Chib Duggal today said this on the sidelines of a function in New Delhi. Last year, the government had announced a revamp plan Indradhanush to infuse 70,000 crore … Continue reading Govt to infuse about Rs 5,000 cr in PSU banks this quarter

SC appoints panel to sell PACL’s assets and refund Rs 49 thousand cr to investors

Supreme Court has appointed a committee under former chief justice RM Lodha to sell assets of Pearls Agrotech Corporation Ltd (PACL) and refund 49 thousand crore rupees to the investors. A bench headed by justice Anil Dave also said that the title deeds of various lands belonging to PACL should be handed over by the … Continue reading SC appoints panel to sell PACL’s assets and refund Rs 49 thousand cr to investors

Sahara seeks SC’s nod to sell Formula 1 shares

Sahara Group has sought Supreme Court’s permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate’s jailed chief Subrata Roy. The Group currently owns 42.5 per cent of shares in the team and the same amount of shares are with … Continue reading Sahara seeks SC’s nod to sell Formula 1 shares

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