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Turkish lira rebounds from record low despite policy worries
Turkey’s lira recovered as much as 7% on Wednesday after a historic slide to record lows a day earlier triggered by President Tayyip Erdogan’s defence of rate cuts, but volatility and steep price rises still worried consumers and investors.…
Goa approves MECL’s proposal for assessment of mineral acreage
Panaji, Nov 24 (UNI) The Goa Government on Wednesday approved the proposal submitted by Mineral Exploration Corporation Limited (MECL) for assessment of mineral acreage for the state for auctions related work.
According to sources, MECL…
Nirmala Sitharaman asks banks to keep pursuing people who have turned loan accounts into NPAs
In a loud and clear message for those defaulting in repayment of bank loans, Union Finance Minister Nirmala Sitharaman Tuesday asked the banks to continue actively pursuing people who have turned their loan accounts into Non-Performing…
Navratri to Diwali: Credit flow this festive season hit a four-year high
SIGNALLING a revival in consumer sentiment on the back of an uptick in economic activity and brisk vaccination across the country, the incremental credit disbursement during the festive season this year surpassed credit disbursement seen in…
SDG urban index: Shimla, Coimbatore Chandigarh on top
Shimla, Coimbatore, Chandigarh and Thiruvananthapuram are among the top 10 performing urban areas in the NITI Aayog’s first Sustainable Development Goals (SDG) Urban India Index, while Dhanbad, Meerut, Faridabad and Patna are among the…
Goyal-Tai meet: US to ‘consider’ GSP benefits restoration
India and the United States have committed to mutually improving market access for certain agricultural products, and the latter has agreed to look at restoring India’s GSP (Generalized System of Preferences) status, according a joint…
Global push to cap oil prices: India to release 5 mn barrels from reserves
INDIA IS set to release 5 million barrels of crude oil from its strategic reserves as part of a coordinated move along with the US, China, Japan and South Korea aimed at lowering international prices. The US will release 50 million barrels…
US envoy, Indian Foreign Minister discuss re-launching bilateral trade forum
Washington, Nov 24 (UNI/Sputnik) US Trade Representative Katherine Tai said that she met with Indian External Affairs Minister Subrahmanyam Jaishankar to re-launch the trade policy forum between the two countries.
"I had the pleasure to…
RBI releases draft scheme for amalgamation of PMC Bank, Unity Small Finance Bank
The Reserve Bank (RBI) on Monday released a draft scheme for the amalgamation of Punjab and Maharashtra Cooperative (PMC) Bank and Delhi-based Unity Small Finance Bank (USFB).
Unity Small Finance Bank is a joint venture between Centrum…
Reliance drops after slamming brakes on $15-billion Aramco deal
Shares of Reliance Industries fell 4.2% on Monday as India’s largest firm halted a stake sale in its oil-to-chemicals business to Saudi Arabia’s Aramco and pulled back from a potential spinoff of its most profitable unit.
The move to…
India’s GDP likely to grow 8.1% in Q2 FY22: SBI report
The country’s GDP growth is likely to be around 8.1 per cent in the second quarter of the current financial year and in the range of 9.3-9.6 per cent during fiscal 2022, according to an SBI research report.
In the first quarter of FY 22,…
PMC Bank, Unity SFB merger scheme: RBI seeks views on draft
The Reserve Bank of India (RBI) on Monday released a draft scheme of amalgamation of fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank and Delhi-based Unity Small Finance Bank. Unity SFB is a joint venture between Centrum Group and…
Survey on domestic workers flagged off; results likely in 1 year
The Labour and Employment Ministry on Monday launched the fieldwork for the All India Survey on Domestic Workers (DWs), covering 742 districts in 37 states and Union Territories.
“This survey will cover all types of domestic services…
FPIs adopt contrarian game plan: Invest in IPOs, sell in stock market
Foreign portfolio investors (FPIs) are taking a contrarian approach in the domestic capital markets by selling in stock market and investing in the IPO (initial public offering) market. While FPIs have invested over Rs 23,000 crore in the…
Importer-exporter codes not updated after Jan 2014 to be deactivated
The Commerce Ministry’s foreign trade arm DGFT will deactivate all importer-exporter codes (IECs) that have not been updated after January 1, 2014, with effect from December 6, 2021, a move which would help in knowing the actual number of…
Industry body urges to fix income tax, corporate tax and peak GST all at 15%
New Delhi, Nov 21 (Nirbhay Kumar-UNI) As Centre gears up to start consultation with industry for Union Budget, industry body PHDCCI has proposed to keep personal income tax, corporate tax and peak GST rate all at 15% in order to boost…
Regulatory changes in China could drive VC funds to India: KPMG report
New Delhi, Nov 21 (UNI) Shifting regulations targeting specific sectors like edtech and fintech in China could drive venture capital investments in other parts of Asia and India would have a lot to gain going forward in the October to…
National mining conclave: Focus on exploration, auction regime
Different stakeholders of the mining industry will participate in a national conclave next week and hold strategic discussions on major issues and opportunities in the sector to bring in higher growth and facilitate ease of doing business,…
Govt puts on sale MTNL, BSNL assets worth about Rs 970 crore
The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around Rs 970 crore, according to documents uploaded on the DIPAM website.
BSNL properties located in Hyderabad,…
EPFO board meet: Investment in AIFs on case-to-case basis; centralised database
The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday approved investment of up to 5 per cent of its annual deposits in new asset classes of alternative investment funds (AIFs), including infrastructure investment…
