BUSINESS AWAAZ

If India’s monsoon fails ?

AMN / The Economist has examined the consequences if India’s monsoon fails in future. The report explores the potential effects on India and the world if the nation experiences a more erratic rainy season. The report is part of The World If, a compilation of scenarios of what might happen across politics, business and technology. … Continue reading If India’s monsoon fails ?

RBI asks banks to provide short-term crop loans at lower rate

AMN / Reserve Bank of India has asked all banks to provide interest concession of 2 per cent on short term crop loans of up to 3 lakh rupees. In a notification issued yesterday, the RBI said that interest subvention of 2 per cent per annum will be made available to public and private sector … Continue reading RBI asks banks to provide short-term crop loans at lower rate

Govt determined to roll out GST from April next year: Arun Jaitley

AMN Finance Minister Arun Jaitley today asserted that government was determined to roll out Goods and Services Tax from April next year. Addressing a press conference in New Delhi, Mr. Jaitley attacked opposition party for disruption in Parliament saying it was aimed at delaying the GST Bill. He alleged that Congress party’s real intent was … Continue reading Govt determined to roll out GST from April next year: Arun Jaitley

IMF welcomes China’s new mechanism to value currency

The International Monetary Fund has welcomed Beijing’s newly announced system to value the country’s currency, saying it will allow market forces to play a greater role in the nation. China cut the yuan’s value against the dollar for a second day today, sending ripples through financial markets and raising fears that the currency could fall … Continue reading IMF welcomes China’s new mechanism to value currency

Stock markets fall globally after Chinese currency weakens further

Stock markets fell across the world, and emerging market currencies were under pressure after Chinese yuan weakened further. In Asia, Japan’s Nikkei 225 index fell 1.6 percent; Singapore’s Straits Times index slumped 2.9 percent; Hong Kong Hang Seng plunged 2.4 percent; South Korea’s Kospi slipped 0.6 percent; and China’s Shanghai Composite index lost 1 percent. … Continue reading Stock markets fall globally after Chinese currency weakens further

Text of letter by Business leaders urging lawmkers to end Parliament logjam

“Democracy is a great Indian asset. Parliament which reflects the will and mandate of people represents the sovereign. Parliament debates and legislates. Every inch of Indian Territory and every ideological shade is represented in this forum. Parliament is held in great esteem by the people. Parliamentary protest are not unknown. Parliamentary stalemates can never be … Continue reading Text of letter by Business leaders urging lawmkers to end Parliament logjam

India’s real credit growth has started picking up: CEA

Indirect tax collection grow  AMN / Chief Economy Advisor,CEA Arvind Subramanian today said the India’s real credit growth has started picking up. His remarks came after the indirect tax receipts jumped nearly 40 per cent provisionally to over Rs 567 billion. Talking to media persons in New Delhi today, Mr Subramanian said that higher indirect … Continue reading India’s real credit growth has started picking up: CEA

OTP-based ITR filing system for taxpayers begins

AMN / The Income Tax department’s OTP-based Income Tax Return filing system for taxpayers has started on a high note with its portal electronically verifying over 7.5 lakh returns and linking over 11 lakh Aadhaar numbers with the PAN database. The new e-filing system, enabled last month, allows online verification of a person’s Income Tax … Continue reading OTP-based ITR filing system for taxpayers begins

Indirect tax revenue surges 37% to Rs 2.1 lakh cr in Apr-Jul

Indirect tax revenue jumped over 37.6 per cent to over 2.1 lakh crore rupees during April-July period of current fiscal due to the higher excise collections. A press release issued by the Finance Ministry today stated that the indirect tax collections were 1.53 lakh crore rupees during the similar period of the previous fiscal. While … Continue reading Indirect tax revenue surges 37% to Rs 2.1 lakh cr in Apr-Jul

No plans to allow FDI in retail trade as of now: Rajnath

TIA Correspondent / Home Minister Rajnath Singh today said that Government has no plans to allow Foreign Direct Investment (FDI) in retail trade as of now. He was   addressing the Vyapari Sammelan in New Delhi, today. Calling upon opposition parties, Mr Singh urged them to help the government in passing of Goods and Services … Continue reading No plans to allow FDI in retail trade as of now: Rajnath

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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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