Raise investment, reform agriculture and codify labour laws: vision document A growth rate of 9% is essential to generate enough jobs and achieve universal prosperity, according to a vision document released by NITI Aayog on Wednesday. Towards this, the ‘Strategy for New India @75’ document recommends a number of steps, …
Read More »Rupee strengthens 1.5% against dollar
Falling crude oil prices helped the rupee record its highest gain in over five years on Tuesday. The Indian currency appreciated by 112 paise against the U.S. dollar. After making a strong opening at 71.34 a dollar, as compared to the previous close of 71.56, the currency gained further in …
Read More »RBI officers protest over promotion policy
Hundreds of Reserve Bank of India (RBI) officers joined a protest at the central bank’s headquarters here on Tuesday against a recent change in the promotion policy, Reserve Bank sources said. The protest, which started around lunchtime, went on till the evening prompting some senior central bank officials to discuss …
Read More »RBI scales up liquidity infusion
The Reserve Bank on Tuesday said it had decided to scale up the amount of liquidity infusion by Rs. 10,000 crore to Rs. 50,000 crore this month, after a review of the evolving liquidity conditions. The central bank had earlier announced to infuse liquidity amounting to Rs. 40,000 crore through …
Read More »Govt. unearths GST evasions of Rs. 12,766 cr.
The government has detected 3,196 cases of Goods and Services Tax evasion amounting to Rs. 12,766.85 crore in this financial year up to November 2018, according to the Finance Ministry. Of this, an amount of Rs. 7,909.96 crore has been recovered between April and November 2018, according to data provided …
Read More »Price IPOs reasonably: SEBI
The capital markets regulator has asked investment bankers to do more due diligence and price public issues more reasonably so that it would be acceptable to both investors and issuers. “IPOs not clicking is something, which is a cause of worry… Merchant bankers have a role to see that it …
Read More »Working to bring 99% items in sub-18% GST slab: Modi
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that 99% items attract sub-18% GST slab. Before implementation of the GST, registered enterprises numbered 65 lakh, which has now risen by 55 lakh, Mr. Modi …
Read More »On a mission to revive traditional rice varieties
At a time when the farming community here is switching to cash crops to tide over the huge loss in paddy cultivation, Thirunelly Agri Producer Company Ltd., a farmers’ collective in Kerala’s Wayanad district, has taken the plunge to revive rice production, albeit in a different avatar. The company made …
Read More »Govt., RBI change stance as new Governor takes guard
One of the biggest challenges that a Reserve Bank of India (RBI) Governor faces is to maintain a balance between growth and inflation. Shaktikanta Das — who assumed charge as the 25th Governor last week — has a different challenge that he needs to balance, at least in his initial …
Read More »Will Goods and Services Tax help in the doubling of farm income?
With the introduction of Goods and Services Tax (GST) — India’s biggest reform in the tax structure — the government has succeeded in moving a step closer towards making the country a unified common market, leading the nation’s economy towards growth and sustainability. The agricultural sector continues to remain the …
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