Centre hikes import duty on edible oils
AMN / NEW DELHI The Centre has raised import duty on crude palm oil to 30 per cent from 15 per cent and on refined oil to 40 per cent…
Moody’s Investors Service upgrades ratings of nine PSUs
AMN Moody’s Investors Service has upgraded ratings of nine state-owned firms. These are Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd (HPCL), Indian Oil Corp (IOC), Petronet LNG Ltd…
Rupee jumps against USD; Sensex, Nifty gain with Moody’s upgrade
AMN At the forex market, the rupee, appreciated strongly, after Moody’s upgrading of India’s credit rating, strengthening a good 38 paise, to 64.94 against the dollar in afternoon deals. The…
MOODY’S UPGRADES INDIA’S CREDIT RATING TO BAA2
AMN International rating agency Moody’s Investors Service has upgraded India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from…
Govt removes restrictions on export of all types of pulses
AMN / NEW DELHI The Cabinet Committee on Economic Affairs, CCEA has removed restrictions on export of all types of pulses. Briefing media after the Cabinet Meeting in New Delhi…
Indian economy recovering from temporary blip: Jaitley
AMN / SINGAPORE Finance Minister Arun Jaitley today said that India’s economic slowdown has bottomed out and now it should start moving upwards after recovering from the “temporary blip” seen…
RBI Governor appointed to Financial Stability Institute Advisory Board
RBI Governor Urjit Patel has been appointed to the Financial Stability Institute Advisory Board or the Bank of International Settlement (BIS). Bank for International Settlements is an international financial organisation…
Revised GST rates come into effect
AMN The reduced GST rates on a wide range of common use items have come into effect from today. Eating out at restaurants will now cost less as the tax…
Bill Gates to attend Agricultural Summit in Andhra Pradesh
Visakhapatnam/ AMN American business magnate and co-founder of the Microsoft Corporation and his wife Melinda Gates are all set to participate in an agricultural summit to be held in Visakhapatnam.…
WPI rises to six month high of 3.59 % in October
Wholesale inflation rose to a 6-month high of 3.59 per cent in October this year, as prices of food articles, led by onions and vegetables, climbed. Inflation based on the…