BUSINESS AWAAZ

Draft national policy on capital goods

The Department of Heavy Industries has come out with draft national policy on capital goods. This is the first time that such a policy is being framed after active consultation with industry associations. In an official statement, the Ministry of Heavy Industries and Public Enterprises said the policy is focused on the most critical sector … Continue reading Draft national policy on capital goods

India’s foreign exchange reserves records a rise

India’s foreign exchange reserves have recorded a rise of 458 million US Dollars to 353.527 billion dollars in the week ended 16th October. A RBI release said foreign currency assets, a major part of the overall reserves, was marginally up by 452.5 million dollars to 329.970 billion dollars. In the previous week, the reserves jumped … Continue reading India’s foreign exchange reserves records a rise

India- Africa Summit would provide unique platform for these countries: Sitharaman

AMN / Commerce and Industry Minister Nirmala Sitharaman Friday said that the upcoming India- Africa Forum Summit would provide a unique platform for India and African countries to identify areas of cooperation and enhancing the partnership. Speaking at the 4th India- Africa Trade Ministers’ Meeting in New Delhi, Ms Sitharaman said, cooperation in Trade, Technology … Continue reading India- Africa Summit would provide unique platform for these countries: Sitharaman

Japan offers soft loan for bullet train project

Facing competition from China and other countries keen to be part in the first bullet train project, Japan has offered financial support besides technology for India’s ambitious rail project. Railway Ministry sources said, Japan has offered to finance Mumbai-Ahmedabad high speed rail corridor estimated to cost about Rs 90,000 crore at an interest rate of … Continue reading Japan offers soft loan for bullet train project

RBI allows banks to fix interest rates on gold scheme

  AMN /    … Reserve Bank has issued guidelines for the Gold Monetisation Scheme that allows banks to fix their own interest rates on gold deposits. The gold deposit scheme is aimed at mobilizing a part of an estimated 20,000 tonnes of idle precious metal with households and institutions. As per the guidelines, banks … Continue reading RBI allows banks to fix interest rates on gold scheme

Pulses importers seek exemption from stock holding limit

Importers of pulses have sought exemption from stock holding limit saying prices will come down only when there is smooth availability of imported Dal. In a meeting with Finance Minister Arun Jaitley in New Delhi today, they requested him to grant an exemption from the stock limit, as any kind of restriction will dry the … Continue reading Pulses importers seek exemption from stock holding limit

Govt approves bonus hike for industrial workers

AMN / The Cabinet has approved increase in bonus ceiling to 7,000 rupees per month for industrial workers. According to the proposal, the wage ceiling for getting bonus has also been increased from existing 10,000 rupees per month to 21,000 rupees per month. The decision will make workers eligible for the reward. It also proposes … Continue reading Govt approves bonus hike for industrial workers

M’rarashtra imposes MACOCA against hoarders

AMN Maharashtra has decided to use stringent MACOCA law against the hoarders and black marketeers while the state machinery began large-scale raids on suspected hording of pulses by the commercial establishments. It has also imposed stock limits on pulses, edible oil and edible oil seeds on the lines of the measures recently taken by the … Continue reading M’rarashtra imposes MACOCA against hoarders

Over 5,800 tonnes of pulses seized after action against hoarders

AMN The Centre today said action against hoarders and blackmarketeers has been stepped up and the state governments have seized over 5,800 tonnes of pulses in five states over the last few months. Cabinet Secretary Pradeep Kumar Sinha reviewed the prices, production, procurement and availability of pulses in a meeting with secretaries of Consumer Affairs, … Continue reading Over 5,800 tonnes of pulses seized after action against hoarders

Series of banking reforms initiated to curb black money: PM

AMN / Prime Minister Narendra Modi has said that the government has initiated a series of banking reforms including re-capitalisation of PSU banks, change in rules for hiring top management and paper-less transactions to curb the black money menace. Speaking at the launch of IDFC Bank in New Delhi, he said, the entire banking sector … Continue reading Series of banking reforms initiated to curb black money: PM

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ELECTIONS

Stage set for 2nd phase of Lok Sabha polls

  Correspondents / WEB DESK The election commission has completed all arrangements for the second phase ...

EC appoints special observer for West Bengal

AMN The Election Commission has appointed senior IAS officer Ajay V Nayak as a special observer for West Be ...

Tamil Nadu: 38 Lok Sabha, 18 Assembly constituencies go to polls in 2nd phase

  AMN / CHENNAI Thirty-eight, 38 Lok Sabha and 18 Assembly constituencies go to the polls on Thursd ...

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SPORTS

IPL: Sunrisers Hyderabad beat Chennai Super Kings

  In IPL Cricket, Sunrisers Hyderabad beat Chennai Super Kings by six wickets in Hyderabad last night. C ...

Cricket: Karunaratne to lead Sri Lanka in World Cup

  ICC NEWS   Opener Dimuth Karunaratne has been selected Sri Lanka's ODI captain and he ...

IPL: Sunrisers Hyderabad to host Chennai Super Kings today

    In IPL Cricket, Sunrisers Hyderabad will host Chennai Super Kings this evening. The ma ...

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MARQUEE

116-year-old Japanese woman is oldest person in world

  AMN A 116-year-old Japanese woman has been honoured as the world's oldest living person by Guinness ...

Centre approves Metro Rail Project for City of Taj Mahal, Agra

6 Elevated and 7 Underground Stations along 14 KmTaj East Gate corridor 14 Stations all elevated along 15.40 ...

CINEMA /TV/ ART

Priyanka Chopra is among world powerful women

AGENCIES   Bollywood actress Priyanka Chopra Jonas has joined international celebrities including Opr ...

Documentary on Menstruation stigma ‘Period’ wins Oscar

  WEB DESK A Netflix documentary Period. End of sentence, on the menstruation taboo in rural India has ...

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