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FM Nirmala Sitharaman to meet bank heads over key sector credit growth

FM Nirmala Sitharaman to meet bank heads over key sector credit growth

The Financial Stability Report (FSR) of RBI in June stated credit growth of scheduled commercial banks (SCBs) picked up, with public sector banks (PSBs) registering near double digit growth.

Aug 05, 2019, 10:20 AM IST
Guruprasad Mohapatra takes charge as DPIIT secretary

Guruprasad Mohapatra takes charge as DPIIT secretary

Prior to taking over as DPIIT secretary , Mohapatra, an Indian Administrative Service (IAS) Officer of 1986 batch, served as chairman of Airports Authority of India (AAI).

Aug 02, 2019, 13:37 PM IST
GST revenue collections rise to Rs 1.02 lakh crore in July

GST revenue collections rise to Rs 1.02 lakh crore in July

The total number of GSTR 3B Returns filed for the month of June up to 31st July, 2019 is 75.79 lakh.

Aug 02, 2019, 12:59 PM IST
Vistara, DIAL to soon begin face recognition trials for passengers at Delhi Airport

Vistara, DIAL to soon begin face recognition trials for passengers at Delhi Airport

The trial will be done in line with the central government’s signature DigiYatra programme that ensures that customers gets a seamless, consistent and paperless service experience at airports.

Aug 01, 2019, 17:35 PM IST
Cabinet approves nutrient based subsidy rates for P&K Fertilizers for FY20

Cabinet approves nutrient based subsidy rates for P&K Fertilizers for FY20

The approved rates for NBS effective from the date of notification will be Rs 18.90 per kg for Nitrogen, Rs 15.21 per kg for Phosphorus, Rs 11.12 per kg for Potash and Rs 3.56 per kg for Sulphur.

Jul 31, 2019, 18:19 PM IST
June Core sector growth marginally rises 0.2% year-on-year

June Core sector growth marginally rises 0.2% year-on-year

The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

Jul 31, 2019, 18:15 PM IST
Former RBI Deputy Governor Subir Vithal Gokarn dead

Former RBI Deputy Governor Subir Vithal Gokarn dead

A noted economist, Gokarn joined the IMF Executive Board as ED (India) in December 2015 and was to complete his term in October this year.

Jul 31, 2019, 17:00 PM IST
Lok Sabha passes Consumer Protection Bill 2019

Lok Sabha passes Consumer Protection Bill 2019

Under the Bill, there is provision for central government to set up a Central Consumer Protection Authority (CCPA) to promote, protect and enforce the rights of consumers and will be empowered to

Jul 30, 2019, 18:10 PM IST
Railway Ministry issues clarification on job cuts report, says it's 'without substance'

Railway Ministry issues clarification on job cuts report, says it's 'without substance'

Any inference regarding the number of employees being retired is without any substance, reads the statement released by Ministry of Railways.

Jul 30, 2019, 14:12 PM IST
Major layoff likely in Indian Railways; officers told to prepare list, hold performance reviews

Major layoff likely in Indian Railways; officers told to prepare list, hold performance reviews

Zonal officers asked to prepare list of employees above 55 as Indian Railways plans to lay off around 3 lakh staff members.

Jul 30, 2019, 08:16 AM IST
Major tax boost for electric vehicles, GST rates slashed to 5 %

Major tax boost for electric vehicles, GST rates slashed to 5 %

The twin rate cuts are set to further boost electric vehicle sector. 

Jul 27, 2019, 14:37 PM IST
IRCTC offers several Bharat Darshan train yatra from Bihar: Price and tour details

IRCTC offers several Bharat Darshan train yatra from Bihar: Price and tour details

Called the 'Bharat darshan train yatra' these train journey packages from Bihar to India's holy shrines will include one package Shirdi Jyotirlinga Yatra, and two packages for Mata Vaishno Devi Yatra

Jul 26, 2019, 13:14 PM IST
RBI committee recommends revision of loan limit for MSMEs, SHGs

RBI committee recommends revision of loan limit for MSMEs, SHGs

The Committee has also recommended revision of loan limit sanctioned under MUDRA to Rs 20 lakh from Rs 10 lakh, he added.

Jul 26, 2019, 12:46 PM IST
Bank lending to non-bank firms set to gather pace: Shaktikanta Das

Bank lending to non-bank firms set to gather pace: Shaktikanta Das

The central bank was closely monitoring and scrutinising the top 50 NBFCs, and had a good understanding of what were the numbers and cash flows of these firms, Das was quoted as saying.

Jul 26, 2019, 11:13 AM IST
One million jobs may be on the line as Indian auto industry slows down

One million jobs may be on the line as Indian auto industry slows down

Passenger vehicle sales have fallen 18.4% in the first quarter and monthly passenger vehicle sales in June fell by the biggest margin in 18 years.

Jul 25, 2019, 17:51 PM IST
India jumps five notches to rank 52nd in Global Innovation Index 2019

India jumps five notches to rank 52nd in Global Innovation Index 2019

In 2019, India also continues to stand out in the GII ranking of the world's top science and technology clusters with Bengaluru, Mumbai and New Delhi featuring among global top-100 clusters. 

Jul 24, 2019, 19:49 PM IST
IMF cuts India's GDP growth forecast to 7% for FY20

IMF cuts India's GDP growth forecast to 7% for FY20

The growth is expected to rise to 7.2 percent points in FY21, down by the projected growth rate of 7.5 in the earlier report."India`s economy is set to grow at 7.0 percent in 2019, picking up to 7.2

Jul 24, 2019, 11:05 AM IST
IMF predicts Indian economy to grow at 7.2 per cent in 2020

IMF predicts Indian economy to grow at 7.2 per cent in 2020

The International Monetary Fund (IMF) has taken note of robust strides taken by the Indian economy in recent years and predicts it to grow at 7.2 per cent in 2020.

Jul 23, 2019, 18:55 PM IST
No official estimation of black money: Finance ministry informs Rajya Sabha

No official estimation of black money: Finance ministry informs Rajya Sabha

Responding to the question on official estimation of black money in the country, MoS Finance Anurag Singh Thakur said the government has taken several concrete steps to crack down on black money .

Jul 23, 2019, 15:59 PM IST
Rise in government borrowing can weigh on corporate sector: RBI Dy Governor Viral Acharya

Rise in government borrowing can weigh on corporate sector: RBI Dy Governor Viral Acharya

In a lecture shared by the RBI late on Monday, Acharya said India`s borrowing relative to its output has ranged from 67% to 85% since 2000 and has outpaced many emerging markets including China.

Jul 23, 2019, 10:20 AM IST