FSSAI proposes ban on sale of nutraceuticals as medicines
Food Safety and Standards Authority of India, FSSAI has proposed a ban on the sale of health supplement products as medicines. Under the draft regulations published in official gazette, the…
FIs pull out Rs 7,000 Cr from capital markets in 2 weeks
Foreign investors have pulled out nearly 7,000 crore rupees from the capital markets in about two weeks mainly on account of a combination of global and domestic issues. Foreign portfolio…
India, US to increase bilateral trade to 500 billion dollar: Jaitley
AMN / India’s Finance Minister Arun Jaitley today invited US businesses to take advantage of the huge investment opportunity in the infrastructure sector in India and raise bilateral trade to…
WPI inflation falls to 4.95 % in Aug
AMN / The Wholesale Price Index (WPI) inflation fell for the tenth straight month, plunging to a historic low of minus 4.95 percent in August on cheaper fuel and vegetables.…
India ready to deal with US interest rate hike: Fin Min
Economic Affairs Secretary Shaktikanta Das has said the government and RBI are prepared for all eventualities in case of a possible rate hike by US Federal Reserve. Speaking at a…
RBI cancels certificate of Sahara India Financial Corporation as NBFC
Reserve Bank has cancelled the certificate of registration of the Sahara India Financial Corporation as Non-bank financial company, NBFC. In a statement on Monday, RBI said that the registration of…
India’s Exports dip for 9th month in a row; Decline 20.7% in Aug
Contracting for the ninth straight month, the country’s exports plunged 20.7 per cent in August this year, to 21.3 billion dollars. The export slump was due to the global economic…
Govt approves scheme to provide urban facilities in rural areas
TIA NEWS / The Union Cabinet today approved a scheme to transform rural areas into economically, socially and physically sustainable spaces. Named as Shyama Prasad Mookerjee Rurban Mission, SPMRM, the…
Govt approves promulgation of Negotiable Instruments Ordinance
AMN / The Union Cabinet today approved a proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015. The ordinance provides for filing of cheque bounce cases at the place where…
Indian economy to grow 7.2% this fiscal: OECD
Organisation for Economic Cooperation and Development OECD has said that India is projected to grow at a slightly lower pace than expected earlier at 7.2 per cent this fiscal. Releasing…