Government relaxes rules for sugar exports
AMN / The government has relaxed norms for sugar exports by doing away with the registration requirement with the Commerce Ministry. In a notification, Director General of Foreign Trade (DGFT)…
India ranks low on inclusive growth, development ranking: WEF
A new study by World Economic Forum (WEF)has ranked India very low globally on most of the parameters for inclusive growth and development. However it fares much better internationally when…
BSNL to upgrade Broadband speed to 2 Mbps at no additional cost
Bharat Sanchar Nigam Limited, BSNL has decided to upgrade Broadband speed to minimum 2 Mbps at no additional cost for all its Broadband customers from 1st of next month. Under…
‘Swadeshi’ is important in era of globalization:Rajnath Singh
AMN / The Union Home Minister, Rajnath Singh has said that ‘Swadeshi’ is important even in era of globalization. He said that imitation of foreign economic model could not put…
ONGC buys 15% stake in Russia’s 2nd-largest oil field from Rosneft
State-owned Oil and Natural Gas Corp. (ONGC) has bought a 15 per cent stake in Russia’s second-largest oil field from Rosneft for about USD 1.35 billion. Sources said that ONGC…
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…
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…
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…
Jaitley asks Turkish industries to invest in India’s smart city
AMN / Promising a rational tax regime and easier business environment, Finance Minister Arun Jaitley called upon Turkish industry leaders to invest in smart city projects, textiles, food processing and…
Forex reserves fall sharply by $3.433 bn to $351.92 bn
After rising for two weeks in a row, India’s foreign exchange reserves declined sharply by USD 3.433 billion to USD 351.920 billion for the week ended 28th August. A RBI…