RBI likely to remain on extended pause: Report

Sunday, 18 Mar 2018 | PTI | New Delhi

The Reserve Bank is expected to be on an "extended pause" as inflation is likely to remain close to 4.5 per cent during 2018-19, says a report. According to Kotak Economic Research, inflation through the next financial year, commencing April 1, is likely to remain close to 4.5 per...

Punjab govt releases Rs 690.96 cr for welfare schemes

Saturday, 17 Mar 2018 | PTI | Chandigarh

The Punjab government has released funds amounting to Rs 690.96 crore under various welfare schemes, including pension payments, compensation to farmers against crop damage, retirement benefits and medical reimbursement. Chief Minister Amarinder Singh had directed all the departments to create resources for welfare schemes through prudent fiscal management so that the...

'South Asian nations can piggyback on India's high growth rate'

Saturday, 17 Mar 2018 | PTI | Kathmandu

SAARC nations should take benefit of India's growth rate of 7-7.5 per cent through increased economic cooperation, and by enhancing the geographical connectivity amongst themselves, Indian Ambassador to Nepal Manjeev Singh Puri said today. "We will have to see how SAARC nations can benefit from India's 7-7.5 per cent GDP growth....

PNB to honour 'all bonafide LoUs'

Friday, 16 Mar 2018 | IANS | New Delhi

State-run Punjab National Bank (PNB) on Friday said that it will honour "all bonafide Letters of Undertaking (LoUs)". The assurance was made by the public sector bank's top management during its Extra Ordinary General Meeting (EGM) of shareholders held here. "Clarifying on questions being raised on the ongoing bank fraud case investigation, PNB...

Indian GST system among most complex globally: World Bank

Friday, 16 Mar 2018 | IANS | New Delhi

The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. It added that India has the highest standard GST rate...

Sensex slips 130 pts on weak global cues, Nifty tests 10,300

Friday, 16 Mar 2018 | PTI | Mumbai

The benchmark BSE Sensex fell over 130 points in early trade today amid weak Asian cues and selling on oil & gas, metals, power, PSU and IT counters. Brokers said persistent selling by investors, capital outflows by foreign funds and a weak trend in Asian bourses due to increased concerns...

No extension for selling pre-GST stock with revised MRP: Paswan

Thursday, 15 Mar 2018 | IANS | New Delhi

Union Consumer Affairs Minister Ram Vilas Paswan on Thursday said the deadline for selling pre-GST stock with revised maximum retail price (MRP) stickers would not be extended beyond March 31. "There will be no extension to the deadline. There will be only one MRP. Products with additional MRP stickers will...

Paytm launches 2 new services under wealth management offering

Thursday, 15 Mar 2018 | PTI | Bengaluru

Mobile application based financial services platform Paytm has announced the launch of two new services - Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold. The company said the customers can now send 24K 999.9 purity gold to each other instantly - offering them...

Infosys to open tech hub in Connecticut, create 1,000 jobs by 2022

Thursday, 15 Mar 2018 | PTI | New Delhi

India's second largest software services firm Infosys will set up a new technology and innovation hub in Hartford, Connecticut, and hire 1,000 American workers in the state by 2022. Last year, Infosys had announced setting up of four such hubs and hiring about 10,000 locals in the US over...

India to witness faster growth in 2018-19: Deloitte

Wednesday, 14 Mar 2018 | IANS | New Delhi

Increased infrastructure spending and a revival in rural demand are likely to drive India's growth in the coming fiscal, according to a report by Britain-based advisory multinational Deloitte. Deloitte's Voice of Asia report, released on Wednesday, expects faster than expected growth for Indian economy against the backdrop of increasing crude oil...


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Liquor policy: Church declares war on Kerala Govt

18 Mar 2018 | VR Jayaraj | Kochi

Kerala’s Catholic Church has declared war on the CPI(M)-led LDF Government over its new liquor policy by which liquor outlets including bars could be opened in almost all panchayats in the State. The new policy also paves way for the reopening of almost all the bars that were closed down in 2014 as part of the then Government’s policy envisaging implementation of Prohibition in ten years’ time through phases...

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Previous Govts indulged in business of illegally acquiring lands: CM

18 Mar 2018 | PNS | Chandigarh

Haryana Chief Minister Manohar Lal on Saturday said that the previous governments indulged in the business of illegally acquiring lands with ulterior motives and with the intent of having their own cut. “This was done not only in Rohtak but in the entire state...

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