Tag: business
Govt Prevails Over RBI To Release Rs 176,000 Cr Surplus
On Monday, the government won and the RBI lost in what turned out to be an attritional war that saw a Governor being scalped. One can argue that the central bank works at the pleasure of the government and the RBI Act says this with great clarity. Mint Street after its board meeting announced that it will transfer a surplus of a little over Rs 1.76 lakh crore to the government.....
Finance Minister Announces Rs 60,000 Cr Boost To Exports, Housing
With GDP growth sliding to six-year low of 5 per cent in April-June quarter and several sectors facing low demand, Finance Minister Nirmala Sitharaman on Saturday announced a fresh set of measures to boost exports and the housing sector.....
Booster Shots: Corporate Tax Rate Cut, More Measures For Cap Flow In Markets
Hit hard by a slowing economy and a brewing global oil crisis, the government on Friday announced a series of tax incentives to boost the industry and restart investment. ....
Surge In Fuel Prices Continues
Fuel prices continue to soar on Tuesday. In Delhi, petrol rates surged to Rs 74.61 a litre, the highest since November 25 last year. Diesel was selling at Rs 67.47 a litre in the national capital.....
Mirchi Probe: ED Summons Ex-promoter Of Bhushan Steel
The Enforcement Directorate's (ED) probe into property deals related to Iqbal Mirchi, fugitive don Dawood Ibrahim Kaskar's close aide, has started revealing corporate connections with the agency summoning former promoter of Bhushan Steel over Rs 19 crore transaction.....
Centre To Take Call On Onion Imports As Prices Surge
With supplies running short and onion prices at Rs 80 a kg, the Consumer Affairs Ministry said on Tuesday that the government will act as a facilitator for onion imports to ease the process and ensure a quick and healthy supply from other countries. ....
States Competing To Attract Investments: Modi
Every state in the country is competing to attract business and investment, said Prime Minister Narendra Modi on Thursday in his rebuttal of the continuous harping by the opposition that the economic situation has been bad.....
Low Tariff Regime Over, Telcos Up Rates By 40-50%
The honeymoon for telecom subscribers seems to have come to an end as all the three private telecom players -- Vodafone Idea, Bharti Airtel and Jio -- on Sunday announced pre-paid tariff plans with 40-50 per cent higher rates.....
On A Boil: Now Milk Prices Set To Rise By Up To Rs 3 Per Liter
After onions made headlines with exorbitant cost, milk will soon become dearer as major processing firms have decided to raise prices by up to Rs 3 per litre on the back of constrained supply.....
Centre Lines Up Infrastructure Projects Worth Rs 102 Lakh Cr
In a major push to the slowing economy, the Centre on Tuesday lined up infrastructure projects worth Rs 102 lakh crore across 18 states and union territories (UTs) in various sectors such as railways, urban development, health, water and education.....
