Forex reserves fall sharply by $3.433 bn to $351.92 bn
After rising for two weeks in a row, India’s foreign exchange reserves declined sharply by USD 3.433 billion to USD 351.920 billion for the week ended 28th August. A RBI…
FMC to be merged with SEBI from Sep 28
Government today notified the merger of commodities market regulator Forward Markets Commission (FMC) with SEBI with effect from 28th of this month. An official press release said, Finance Minister Arun…
US and India make great progress in trade: US Ambassador to India
AMN / US Ambassador to India Richard R Verma has said that the both the US and India have made great progress in two-way trade and investment and stressed to…
Jaitley asks Turkish industries to invest in India’s smart city
AMN / Promising a rational tax regime and easier business environment, Finance Minister Arun Jaitley called upon Turkish industry leaders to invest in smart city projects, textiles, food processing and…
Deflation new challenge for economy: Chief Economic Advisor
AMN Chief Economic Advisor Arvind Subramanian, has said the price deflation is the real challenge looming ahead. He however said the overall economic growth was in the right direction and…
Govt nod to import of 5000 tonnes of Tur Dal and Urad Dal
AMN / The Cabinet today gave its nod to import of 5000 tonnes of Tur Dal and 5000 tonnes of Urad Dal by MMTC for retail distribution to consumers by…
India among few bright spots in global economy: IMF
International Monetary Fund has said that India is among the few bright spots in the global economy. The remarks from IMF Chief Christine Lagarde came at the meeting of G20…
Govt accepts Shah panel report exempting FIIs from MAT before April 2015
AMN / The government today accepted the Justice AP Shah committee report on the Minimum Alternative Tax, MAT on foreign institutional investors,FIIs. Addressing a press conference in New Delhi Finance…
US asks china to refrain from devaluating its currency
As the world leaders expressed concern over slowdown in China dragging down the global economic growth US has asked China to fast-track reforms and refrain from devaluation. In a meeting…
G 20 call for moving towards market-determined currency rates
AMN / World’s 20 big economies, including India, have called for moving towards market-determined currency rates and resisting competitive devaluation. A communiqué, issued at the end of the two-day meeting…