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ECONOMY

SBI says note ban has and may continue to result in slowdown

The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016 and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones.

PTI | Jun 11, 2017 01:26 PM

Jaitley pitches for rate cut; experts say RBI may wait for GST

At the same time, inflation based on the wholesale price index slipped to a four-month low of 3.85 per cent in April as both food articles and manufactured items showed cooling in prices.

PTI | Jun 05, 2017 05:38 PM

EPFO to make all payments including pension, provident fund, insurance to members electronically

Now, the retirement fund body EPFO to make all payments —pension, provident fund and insurance—to members electronically. The labour ministry has amended the social security schemes run by the...

PTI | May 08, 2017 08:38 PM

CBI unearths 339 shell companies used to divert funds worth Rs 2,900 crore

The CBI has unearthed 339 shell companies used for allegedly diverting funds, as part of its probe into such cases over the last three years.

PTI | May 07, 2017 10:44 PM

Govt plans to expand LPG production, distribution with Rs 30,000 crore investment

The government is planning to expand LPG production and distribution with Rs 30,000 thousand crores investment as it widens cooking gas coverage by giving out a record number of connections.

News Nation Bureau | May 05, 2017 05:44 PM

Indian economy to clock 8 per cent growth in FY 2018 with GST taking full effect: Shaktikanta Das

The Indian economy would witness a robust 8 per cent growth in FY 2018 as the landmark Goods and Service Tax's full-year effect shall be seen during the entire year, Economic Affairs Secretary...

News Nation Bureau | May 05, 2017 01:21 PM

President Pranab Mukherjee signs ordinance to amend Banking Regulation Act

The ordinance amends Section 35 A of the Banking Regulation Act, which will empower the Reserve Bank to issue directions to the banks in the public interest and depositors. The amendment will allow...

News Nation Bureau | May 05, 2017 09:31 AM

India can attain 10 percent GDP growth by FY 2020 amid vibrant economic landscape: CII

India's gross domestic product (GDP) can witness a growth of 10 per cent by fiscal year 2019-20, Confederation of Indian Industry said on Thursday.

News Nation Bureau | May 04, 2017 06:40 PM

SBI refuses to share information on money stashed in suspended accounts

India's largest public sector bank, the SBI has refused to share the information on money stashed in suspended bank accounts in which the interest amount of customers, who do not claim it due to...

News Nation Bureau | May 04, 2017 04:39 PM

Services sector expands for third straight month in April amid slower rise in new business, weak employment: PMI Survey

Services sector expanded for the third straight month in April but the rate of growth moderated amid slower rise in new business and employment, a monthly survey said on Thursday.

News Nation Bureau | May 04, 2017 02:01 PM

India's gold demand surges 15 per cent during Q1 2017 amid 18 per cent decline in global demand: World Gold Council

Gold demand in India surged by 15 per cent during the Q1 2017 to 123.5 tonne, indicating a return of optimism in the industry, according to World Gold Council (WGC).

News Nation Bureau | May 04, 2017 11:53 AM

Cabinet to amend Section 35A of Banking Regulation Act to tackle NPAs

A proposal has been approved by the Cabinet to amend Section 35A of the Banking Regulation Act through ordinance route, sources said. This will empower the Reserve Bank to deal effectively with the...

News Nation Bureau | May 04, 2017 12:26 AM

USD 770 bn black money entered India in 2005-2014, says Global Watchdog

The global financial watchdog said around USD 165 billion in illegal money exited the country during the same period.

News Nation Bureau | May 03, 2017 02:53 PM

Sensex rises 99 points to reclaim 30000-mark amid sustained buying by domestic institutional investors

BSE benchmark Sensex surged over 99 points to reclaim the 30,000-mark in early trade on Wednesday on sustained buying by domestic institutional investors

News Nation Bureau | May 03, 2017 11:36 AM

Eight core industries clock 5 percent growth in March, fastest in three months

Eight core industries witnessed the fasted growth in three months clocking 5 per cent growth in March on the back of higher coal and steel production.

News Nation Bureau | May 01, 2017 05:59 PM