BUSINESS AWAAZ

Parliament passes Bills related to Coconut, Airports

AMN / NEW DELHI The Parliament has passed the Coconut Development Board (Amendment) Bill, 2021. Lok Sabha on Wednesday passed the Bill amid din without any discussion, which was earlier passed by the Rajya Sabha. Moving the Bill, Minister of Agriculture and Farmers Welfare, Mr. Narendra Singh Tomar said that the Bill amends the Coconut … Continue reading Parliament passes Bills related to Coconut, Airports →

Assam sends consignment of 50 MT of maize to Bangladesh

AMN / GUWAHATI Assam has sent a first ever consignment of 50 MT of maize to Bangladesh on Tuesday. Agriculture minister Atul Bora has flagged off the consignment. Mr. Bora said that the production of maize in Assam has increased to 47 percent in the last financial year. He said that Bangladesh required 25 lakh … Continue reading Assam sends consignment of 50 MT of maize to Bangladesh →

Gadkari calls for quick roll-out of flex-fuel vehicles

AMN Road Transport Minister Nitin Gadkari has called for a quick roll-out of flex-fuel vehicles capable of running on 100 per cent ethanol and gasoline in Indian automobile sector. Mr. Gadkari on Tuesday met a delegation of CEOs from Society of India Automobile Manufacturers. The delegation pleaded with the Minister for the deferment of emission-based … Continue reading Gadkari calls for quick roll-out of flex-fuel vehicles →

PM launches voucher-based digital payment mechanism eRUPI

eRUPI is a cashless and contactless one-time digital payment mechanism Staff Reporter / New Delhi Aimed at improving transparency and targeted delivery of benefits, Prime Minister Narendra Modi today launched e-RUPI, a cashless and contactless instrument for digital payment through video conferencing. E-Rupi, a person and purpose specific digital payment solution, is a QR code … Continue reading PM launches voucher-based digital payment mechanism eRUPI →

Inflation in Germany exceed 3% for first time since 2008

NEWS DESK Inflation in Germany surged to 3.8% in July, compared to the same time last year, according to the country’s Federal Statistical Office on Thursday. This was the first time since August 2008 that the annual inflation rate in Europe’s largest economy rose to above 3%. On a month-on-month basis, prices rose by 0.9% … Continue reading Inflation in Germany exceed 3% for first time since 2008 →

Cabinet clears Deposit Insurance & Credit Guarantee Corporation Bill 2021

AMNUnion Cabinet today cleared the Deposit Insurance and Credit Guarantee Corporation Bill 2021. Briefing reporters in New Delhi after the cabinet meeting, Finance Minister Nirmala Sitharaman said, it insures all bank deposits such as savings, fixed deposits, current or recurring deposits. She said, it also covers all commercial, public, private sector banks and branches of … Continue reading Cabinet clears Deposit Insurance & Credit Guarantee Corporation Bill 2021 →

Govt identifies 2.38 lakh companies as shell companies

NEWS DESK Government has identified more than 2.38 lakh companies as shell companies in the last three years, Informed Minister of State for Corporate Affairs Rao Inderjit Singh in a written reply to a question in the Rajya Sabha today. He said the Government has undertaken a Special Drive for identification and striking off Shell … Continue reading Govt identifies 2.38 lakh companies as shell companies →

No proposal in GST Council to include petrol & diesel in GST: Govt

AMN The government has said that there is no proposal in the GST Council to include petrol and diesel in Goods and Services Tax, GST. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that as per the provision of Central Goods and Services Tax, … Continue reading No proposal in GST Council to include petrol & diesel in GST: Govt →

IMF cuts India growth forecast by 3% to 9.5% for 2021-22

NEWS DESK The International Monetary Fund (IMF) sharply cut its 2021-22 economic growth forecast for India by 300 basis points to 9.5% as Asia’s third-largest economy’s recovery has been set back severely following the second COVID-19 wave during March–May. In its April review, the multilateral agency had pegged India’s economic growth for FY22 at 12.5%. … Continue reading IMF cuts India growth forecast by 3% to 9.5% for 2021-22 →

No proposal under consideration to waive off farm loans: Govt

AMN There is no proposal under consideration of the Government to waive off farm loans. This was stated by the Minister of State for Finance Dr. Bhagwat Karad in a written reply in Lok Sabha today. He said that according to National Bank for Agriculture and Rural Development -NABARD, the total agriculture loan outstanding as … Continue reading No proposal under consideration to waive off farm loans: Govt →