BUSINESS AWAAZ

Transporters strike continue; goods supply disrupted in many states

TIA NEWS / Nation wide transport strike called by the All India Motor Transport Congress is continue for the second consecutive day today, disrupting supply of goods to various parts of the country. Their are demanding scrapping of the present toll system. While supply of essential commodities like milk, vegetables and medicines have been kept … Continue reading Transporters strike continue; goods supply disrupted in many states

Govt gets Rs 3,770 cr from one-time black money compliance window

Government has received an amount of Rs 3,770 crore from 638 declarations under the onetime black money compliance window which was closed yesterday. This was informed by an official statement issued by the Ministry of Finance today. It also said these figure are subjected to final reconciliation. In Radio interview,CBDT chairperson Anita Kapur said that … Continue reading Govt gets Rs 3,770 cr from one-time black money compliance window

Counterfeiting activities affecting India’s economy: Report

Counterfeiting activities have increased in India during past two decades. It has been revealed in a report ‘Illicit Market: A Threat to Our National Interest’ prepared by FICCI-CASCADE (Committee against Smuggling & Counterfeiting Activities Destroying the Economy). The report was released by PC Jha, Adviser FICCI CASCADE and former Chairman, Central Board of Excise & … Continue reading Counterfeiting activities affecting India’s economy: Report

India surpasses US, China to reach at top FDI destination

Despite criticism from different quarters, India has emerged as the top destination for Foreign direct investment (FDI) as compared with China and United states in the first half of 2015. A report published in London’s Financial Times has said that that India has attracted roughly 31 billion US dollar ahead of 28 billion dollar of … Continue reading India surpasses US, China to reach at top FDI destination

Govt cuts natural gas prices by 16% to $ 4.24 per unit

The government today cut natural gas prices for power and fertiliser sector by 16 per cent to USD 4.24 per unit for the six month period, beginning October 1st. Natural gas prices, according to a formula approved by the government in October last year, will fall to 4.24 US dollar million British thermal unit (mmbtu) … Continue reading Govt cuts natural gas prices by 16% to $ 4.24 per unit

Govt will reassess GDP forecast for this fiscal: FM

Finance Minister Arun Jaitley today said the Government will reassess its GDP forecast following RBI’s assessment of growth forecast to 7.4 percent for the present fiscal. Chief Economic Adviser Arvind Subramanian said the reassessment would be done after second quarter results. The RBI has decreased its economic growth forecast for the present fiscal to 7.4 … Continue reading Govt will reassess GDP forecast for this fiscal: FM

Banks reduce lending rates; Home and Car loans to be cheaper

AMN Hours after the Reserve Bank announce rate cut, country’s largest public sector bank SBI slashed its lending rate by 0.40 per cent to 9.3 percent. The bank in a statement said that with the reduction in the base rate, all loans including home, auto and corporate, would become cheaper by at least 0.40 per … Continue reading Banks reduce lending rates; Home and Car loans to be cheaper

RBI cut in policy rate by 0.5%; Keeps CRR unchanged at 4%

Reserve Bank of India, RBI, has announced cut in policy rate by 0.5 per cent to 4-year low of 6.75 per cent. However, it kept Cash Reserve Ratio,CRR unchanged at 4 per cent. The apex Bank unveiled its fourth bi-monthly monetary policy for the current fiscal today. RBI says inflation is expected to reach 5.8% in … Continue reading RBI cut in policy rate by 0.5%; Keeps CRR unchanged at 4%

Sensex responds positively to RBI Rate Cut

Following the Reserve Bank’s rate cut, the Sensex at the Bombay Stock Exchange recovered smartly from initial big losses, and had gained a good 304 points, to 25,921 in afternoon trade, a short while ago. Earlier in the morning, ahead of the RBI’s monetary policy announcement, the Sensex had plunged 309 points. Similarly, the Nifty … Continue reading Sensex responds positively to RBI Rate Cut

Revenue Secretary holds meeting to seek industry views on tax policies

Revenue Secretary Hasmukh Aadhia, has started holding detailed meetings from today onwards with industry and business representatives of major national chambers in order to generate new ideas for tax policy reforms for the next budget. Mr Adhia today held first meeting with Confederation of Indian Industry CII delegation. Similar meetings will be held with other … Continue reading Revenue Secretary holds meeting to seek industry views on tax policies

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MARQUEE

Policy for Eco-tourism will provide livelihood to local communities

AMN / NEW DELHI GOVERNMENT OF INDIA has prepared a policy for Eco-tourism in forest and wildlife areas, which ...

Living index: Pune best city to live in, Delhi ranks at 65

The survey was conducted on 111 cities in the country. Chennai has been ranked 14 and while New Delhi stands a ...

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