SC asks Unitech to file a detailed affidavit on assets
AMN /New Delhi The Supreme Court today ordered real estate company, Unitech, to file a detailed affidavit with respect to their assets in India and abroad. Its jailed promoter, Sanjay…
Govt to constitute group for changes in SEZ policy
AMN / NEW DELHI The government will constitute a group to suggest necessary changes in the policy for Special Economic Zone (SEZs). The SEZs are export hubs and contribute significantly…
SBI hikes lending rate to 8.15%
The State Bank raised its lending rates by 20 basis points to 8(point)15 per cent, with immediate effect, setting the tone for the industry to follow suit. This is likely…
EU for retaliatory measures against US Steel, Aluminium tariffs
IMF, WTO also warn against Trump’s Metal tariffs WEB DESK The European Union has said it will introduce retaliatory measures against US plans to impose steel and aluminum tariffs. The…
IMF, WTO warn US over new steel and aluminium tariffs
WEB DESK The International Monetary Fund has warned that the steel and aluminium tariffs announced by US President Donald Trump will harm the US and global economies. IMF spokesman Gerry…
Public sector banks to consolidate 35 overseas operations
The government has asked Public Sector Banks (PSBs) to consolidate 35 overseas operations. Financial Services Secretary Rajiv Kumar said in a tweet that 69 overseas operations have also been identified…
Cabinet approves Establishment of National Financial Reporting Authority
AMN / New Delhi The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for establishment of National Financial Reporting Authority (NFRA) aiming NFRA as an independent…
Govt double guarantee for procurements of pulses, oilseeds at MSP
AMN The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the regularization and extension of Govt. Guarantee provided to lender Bank for providing credit limit…
India is on a de-regulation and de-licensing drive: PM Modi
AMN /NEW DELHI Prime Minister Narendra Modi said, his government is working with the mission of Transforming India from an old civilization into a modern society, an informal economy into…
India expects record food grains production in 2017-18
Total food grain production estimate hits record high of 277.49 million tonnes Total Pulses production estimated at record 23.95 million tonnes Total Oilseeds production estimate reaches 29.88 million tonnes Sugarcane…