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Mon, 27 Mar 2017

Taxes Board Reorganised and Renamed

Reorganisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST) has...

Competition Commission Imposed Penalty on Coal India

Competition Commission of India has imposed a penalty of ₹591.01 crore on public sector undertaking Coal India. The Competition Commission of India (CCI) has found Coal...

Steps Taken for Promotion of Digital and Cashless Transactions

The data on payment system indicators such as Paper Clearing, National Electronic Fund Transfer (NEFT) and National Automated Clearing House (NACH), registered growth in...

NTPC Raised Rs. 2,000 Crore by Green Masala Bonds

NTPC Ltd. has raised Rs. 2,000 crore through issuance of green masala bonds in overseas market under its USD 4 billion medium term note...

Merger of Bharatiya Mahila Bank with SBI

The Government of India has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking...

Rs 340 Crore Raised Through Infrastructure Bonds

In a landmark development for expansion of inland waterways in the country, the Inland Waterways Authority of India (IWAI) has raised Rs 340 crore...

Steps Taken to Increase Exports and Reduce Trade Deficit

The value of India’s overall trade deficit for the last three years and the current year is as follows:          ...

Closure and Winding up of PSUs

The Cabinet Committee on Economic Affairs, has approved closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil - Chhattisgarh Renewable Energy Development Agency...

Fund of Funds of Start-Ups in News

The Union Cabinet has approved the following proposals with regard to the Fund of Funds of Start-ups (FFS) which was established in June 2016...

Tractor Loan Settlement Scheme Launched

State Bank of India has announced a one-time farm loan settlement scheme worth 6,000 crore rupees primarily for tractors. One Time Settlement is announced...

Government Announces Repurchase of Securities

The Government of India has announced the repurchase of its Securities through Reverse Auction for an aggregate amount of Rs. 3,500 crore (face value). The...

India’s Foreign Trade: Latest Figures

MERCHANDISE TRADE EXPORTS & IMPORTS  : (US $ Million)                                                                                                (Provisional) EXPORTS (including re-exports) FEBRUARY APRIL-FEBRUARY 2015-16 20845.73 239378.37 2016-17 24490.27 245413.05 % Growth 2016-17/ 2015-16 17.48 2.52 IMPORTS 2015-16 27418.98 353696.36 2016-17 33386.57 340698.43 % Growth 2016-17/ 2015-16 21.76 -3.67 TRADE BALANCE 2015-16 -6573.25 -114317.99 2016-17 -8896.30 -95285.38 EXPORTS & IMPORTS: (Rs. Crore)                                                                                                                            (Provisional) EXPORTS (including...

Indian Oil Sold Equity in Lubrizol India

The Cabinet Committee on Economic Affairs, chaired by the PM Modi gave its in-principle approval topermit Indian Oil Corporation Limited (Indian Oil) to sell...

India is Largest Cotton Producing Country in World

India is the largest cotton producing and second largest cotton exporting country. As per International Cotton Advisory Committee (ICAC) report for the month of March...