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…
GDP growth estimated to slow down in Q1 of current fiscal
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter of current financial year. GDP at…
Petrol prices cut by Rs 2 per litre, diesel 50 paise
Petrol prices have been cut by Rs 2 per litre and diesel by 50 paise including VAT. The new rates will come into effect from midnight tonight. Now, petrol will…
Lapse of Land Ordinance not a setback for govt: Arun Jaitley
TIA NEWS / Finance Minister Arun Jaitley today said the decision to let the land acquisition ordinance to lapse is not a setback for the government. In an interview to…
RBI asks financial entities to be ready to comply with FATCA
RBI has asked all banks and financial institutions to be prepared for the implementation of Foreign Account Tax Compliance Act – FATCA. In a notification yesterday, RBI said that India…