Economy

Economy

NARENDRA MODI

PM Modi announces Saubhagya electrification scheme for India

Prime Minister Narendra Modi launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana 'Saubhagya', aimed at providing electricity to over 40 million families in rural and urban areas by December 2018. The 16,320-crore scheme targets...
gst

GST to end worries of Indian manufacturing sector

GST to be a catalyst in growth of India’s manufacturing sector India rolled out the much awaited reform measure GST on July 1, the biggest tax reform since independence which puts India into a select...
Ravi Shankar Prasad

Digital inclusion is the foundation of financial inclusion: RS Prasad

Digital inclusion is the foundation of financial inclusion, said Ravi Shankar Prasad, Union Minister for Electronics & Information Technology and Law & Justice. The Minister was speaking at a conclave on Financial Inclusion organized by the...
Petroleum Minister Dharmendra Pradhan

Centre to act on petrol, diesel price hike: Minister

Minister of Petroleum & Natural Gas Dharmendra Pradhan today said the Government will adopt immediate measures to check the price of petroleum products. As a measure to make the price of petrol and diesel predictable,...
Reserve Bank of India Governor Raghuram Rajan

I may have resigned if note ban was thrust: Rajan

Former RBI Governor Raghuram Rajan said on Thursday that he would have resigned if the demonetisation decision was thrust on him but made it clear that the government can bypass the central bank if...

US trade probe over Indian, Chinese stainless steel flanges

The US Commerce Department has launched an anti-dumping and countervailing duty probes against imports of stainless steel flanges from India and China. The probes were initiated on Wednesday based on petitions filed by the Coalition...

Is there an impending debt crisis?

It has been a decade since the biggest financial crisis in living memory swept the globe. In the run-up to the crisis, the debt levels of the developed economies saw a rapid expansion. Between...
STEEL

Output of eight core industries accelerates in July

The growth in production in India's eight major industries accelerated during July when total output grew by 2.4 per cent in comparison with a 0.8 per cent marginal increase during the previous month, official...

Government never expected spiked currency not to come back: Official

Rejecting criticism after the RBI indicated that almost 99 per cent of demonetised currency returned to the banking system, Economic Affairs Secretary Subhash Chandra Garg on Thursday said the government never said it didn't...

AIIB may pump in $1.5 bn in Indian projects

The Asian Infrastructure Investment Bank (AIIB) is mulling pumping in $1.5 billion (Rs 9,599 crore) in six new projects in India that includes Rs 1,279 crore in India's National Investment and Infrastructure Fund (NIIF),...

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