Indian economy on stronger track: Jaitely
AMN India’s Finance Minister Arun Jaitley has said that series of reforms like demonetisation and the GST, initiated by the Modi government has put the Indian economy on a far…
IMF trims India growth forecast for current financial year to 6.7 %
AMN The International Monetary Fund, IMF, has trimmed India’s growth forecast for Financial Year 2017-18 but expects a revival as structural reform bears fruit. In its latest World Economic Outlook…
India’s transition to GST fairly smooth despite attempts to derail it: Arun Jaitley
WEB DESK India’s Finance Minister Arun Jaitley has said that India’s transition to the Goods and Services Tax, GST regime has been fairly smooth despite attempts by Opposition parties to…
Govt makes Aadhaar mandatory for small saving schemes
The government has made biometric identification Aadhaar mandatory for all post office deposits, Public Provident Fund, National Savings Certificate scheme and Kisan Vikas Patra. Finance Ministry has issued four separate…
Govt removes gems, jewellery dealers from PMLA reporting requirement
AMN The government has removed gems and jewellery dealers from the purview of the reporting requirement under the Prevention of Money Laundering Act (PMLA). An official order said that the…
India’s coffee output at record 3.5 lakh tons in 2017-18
AMN Coffee output in India, is pegged to be a record 3.50 lakh tonnes in the 2017-18 marketing year started this month on higher acreage. According to the Coffee Board,…
Crude oil price of Indian Basket was US$ 55.23/bbl on Oct 5
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 55.23 per…
RBI to allow inter-operability in prepaid payment instruments
Users will be able to transfer funds from one mobile wallet to another as Reserve Bank is allowing inter-operability among prepaid payment instruments (PPI) very soon. PPIs which include the…
Global Crude oil price of Indian Basket was $ 54.60/bbl Oct 4
AMN The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.60…
Rajnish Kumar appointed SBI Chairman
AMN /NEW DELHI Managing Director of State Bank of India (SBI), Rajnish Kumar has been appointed as the chairman of the largest public sector bank. He will succeed Arundhati Bhattacharya,…