BUSINESS AWAAZ

Government hikes import duty on edible oil by 5%

The Government has hiked import duty on edible oil by five per cent in all categories. Central Board of Excise and Customs issued a notification in this regard. Import duty on crude edible oil has been hiked from 7.5 per cent to 12.5 per cent and on refined edible oil from 15 to 20 per … Continue reading Government hikes import duty on edible oil by 5%

US Federal Reserve decides not to raise its key interest rate

US Federal Reserve or central bank has decided not to raise its key interest rate and keep them at the same level since December 2008. It said nine members of its Federal Open Market Committee voted to hold the key federal funds rate target at Zero to 0.25 per cent. Federal Reserve Chair Janet Yellen … Continue reading US Federal Reserve decides not to raise its key interest rate

Arun Jaitley on 4-day visit to Singapore & Hong Kong

AMN / Union Finance Minister Arun Jaitley has left for Singapore and Hong Kong on a four-day visit, during which he will meet top leaders and investors from both countries. In a statement issued by the Ministry of Finance said, Mr Jaitely will address a Summit, ‘India: A Heaven of Opportunity in Globally Challenging Times’. … Continue reading Arun Jaitley on 4-day visit to Singapore & Hong Kong

Call drops issue will be resolved within a month: Ravi Shankar Prasad

AMN / NEW DELHI: Union Communications and IT Minister Ravi Shankar Prasad today said that call drops issue will be resolved within a month. Speaking at a function here today, Mr Prasad said the complaint against call drops and campaign against mobile tower cannot go together. He said the Government is doing its duty and … Continue reading Call drops issue will be resolved within a month: Ravi Shankar Prasad

Govt removing obstructions to push up investment: Sitharaman

AMN Commerce and Industry Minister Nirmala Sitharaman has said the government is working to streamline procedures and policies to promote domestic and foreign investments in the country. Speaking at India Economic Convention in New Delhi today, Mrs Sitharaman said the government is removing obstructions and addressing issues to make the country an investor-friendly destination. She … Continue reading Govt removing obstructions to push up investment: Sitharaman

RBI approves 10 entities to set up small finance banks

Seeking to promote financial inclusion, the RBI has granted approval to 10 entities, in principle, to set up small finance banks to provide basic banking services to small farmers and micro industries. The approval granted yesterday includes Ujjivan Financial Services and Equitas Holdings. The approval has been granted within a month of the RBI giving … Continue reading RBI approves 10 entities to set up small finance banks

RBI is well prepared to deal with US Fed impact: Jayant Sinha

The Finance Ministry today said that India has built multiple layers of defence to deal with a possible US Federal Reserve’s first hike in interest rates in nine years, and RBI is very well. prepared to deal with its impact. Minister of State for Finance Jayant Sinha said the goal of policymakers in India is … Continue reading RBI is well prepared to deal with US Fed impact: Jayant Sinha

Centre to resolve outstanding tax disputes soon: Jaitley

TIA NEWS / Finance Minister Arun Jaitley today said that the government would resolve outstanding tax disputes over the next few days through judicial or executive resolutions. Addressing India Economic Convention 2015 in New Delhi today, Jaitley said while a number of tax disputes have been put to rest since the BJP government took office … Continue reading Centre to resolve outstanding tax disputes soon: Jaitley

Weak monsoon likely to reduce Kharif foodgrain output by 2%

The country’s foodgrain production is projected to decline by 1.78 per cent to 124.05 million tonnes in this Kharif season due to poor monsoon. Foodgrain output was 126.31 million tonnes in the last kharif season. Releasing the first advance estimates for Kharif crops, the Agriculture Ministry said that the cumulative rainfall during the current monsoon … Continue reading Weak monsoon likely to reduce Kharif foodgrain output by 2%

Govt approves introduction of Sovereign Gold Bond Scheme

AMN The Union Cabinet today gave nod to introduction of the Sovereign Gold Bonds Scheme. Briefing media after the Cabinet meeting, Finance Minister Arun Jaitley said, the Bonds will be issued with a rate of interest to be decided by Government and calculated on value at the time of investment. Mr Jaitley said, the scheme … Continue reading Govt approves introduction of Sovereign Gold Bond Scheme

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MARQUEE

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CINEMA /TV/ ART

Protests against movie ‘Panipat’ intensify in Rajasthan

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