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Sun, 21 May 2017

GST Council Decides Tax Rates for 1211 Items

The Goods and Services Tax (GST) Council decided the tax rates for 1,211 items. Under GST, a small list of goods will be exempt from...

Prompt Corrective Action Framework for Banks Released

The Reserve Bank of India (RBI) has come out with a revised prompt corrective action (PCA) framework for banks. The revised norms have set out...

Foreign Exchange Reserves At Lifetime High Level

India’s foreign exchange reserves rose by $1.594 billion to touch a lifetime high of $372.73 billion in the week to April 28, supported by...

‘Infrastructure Investment Trusts’ in News

India’s first Infrastructure Investment Trust (InvIT) has been launched as public issue of IRB InvIT Fund, sponsored by IRB Infrastructure Developers (IRB ID). The IRB...

Restructuring Plan for Hindustan Organic Chemicals Ltd.

The Cabinet Committee on Economic Affairs has approved a restructuring plan for Hindustan Organic Chemicals Ltd. (HOCL), a loss making and sick Central Public...

Nifty 50 Equal Weight Index Launched

NSE group firm India Index Services & Products (IISL) launched the Nifty 50 Equal Weight index — an alternative weighting strategy to its market...

Concept of ‘Standing Deposit Facility’ in News

RBI is planning to introduce a new monetary-policy tool in the coming financial year to better manage a banking system swimming in excess cash. The so-called...

Simplified Hedging Facility in India

Reserve Bank of India unveiled draft guidelines relating to simplified hedging facility for resident entities with foreign currency exposures and non-resident entities with rupee...

Foreign Trade of India: Latest Official Facts

MERCHANDISE TRADE EXPORTS & IMPORTS  : (US $ Million) (PROVISIONAL)     APRIL 2017 EXPORTS(including re-exports)   2016-17 20568.85 2017-18 24635.09 %Growth 2016-17/ 2015-16 19.77 IMPORTS   2016-17 25413.72 2017-18 37884.28 %Growth 2016-17/ 2015-16 49.07 TRADE BALANCE   2016-17 -4844.87 2017-18 -13249.19     EXPORTS &IMPORTS  : (Rs. Crore) (PROVISIONAL)   APRIL 2017 EXPORTS(including re-exports)   2016-17 136720.11 2017-18 158913.79 %Growth 2016-17/ 2015-16 16.23 IMPORTS   2016-17 168923.71 2017-18 244380.52 %Growth 2016-17/...

Base Year of Industrial Production Index Revised

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, revises the base year of the macroeconomic indicators, as a regular exercise, to...

Base Year of the Consumer Price Index (CPI)

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100...

Revision of Base Year of All-India Wholesale Price Index

The Government periodically reviews and revises the base year of the macroeconomic indicators as a regular exercise to capture structural changes in the economy...

Power Grid Corporation Gets ADB Loan

The Asian Development Bank (ADB) has extended a $175 million loan to the Power Grid Corporation of India Ltd. This will be “to support construction...

NHAI Masala Bond’s Launch at London Stock Exchange

The Union Minister of Road Transport & Highways and Shipping Nitin Gadkari launched the NHAI Masala Bond issue at the London Stock Exchange. The NHAI...