Indian economy to pick up once impact of note ban fades: IMF
Uploading Date : 16-03-2017India's economic growth is expected to pick up once the effects of cash shortages linked to the currency exchange initiative fade, the International Monetary Fund (IMF) has said..............
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Rupee hits one-year high of 65.4: Where is it headed?
Uploading Date : 16-03-2017Rupee hit a one-year high of of 65.4 against the USD, up 29 paise over its previous close. With a rally of over 3.4% in calendar year 2017, the rupee is the third best performing currency in Asia against the USD (sixth best among key world currencies) , behind South Korean Won and the Taiwan Dollar that have appreciated 5.44% and 4.95%, respectively..................
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Retail Inflation increases to 3.65 per cent in Feb, WPI at 6.55 per cent
Uploading Date : 15-03-2017Firmer food and fuel prices drove India’s overall inflation higher in February, further dimming any possibility of a cut in interest rate by the Reserve Bank of India amid worries of hardening global commodity prices and expectation of vegetables turning dearer as summer approaches...........
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Government mulls local steel requirement for $59 billion infrastructure spend
Uploading Date : 07-03-2017India may soon mandate the use of local steel in government infrastructure projects worth billions of dollars, sources said, pitching it as a WTO-compliant protectionist measure aimed at further cutting cheap imports, mainly from China..............
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Economy to grow 7.1 per cent in FY17, latest GDP data surprising: Fitch
Uploading Date : 07-03-2017Global rating agency Fitch said Indian economy will grow by 7.1 per cent in the current financial year before stepping up to 7.7 per cent in the next two financial years. The US-based agency, however, termed the 7 per cent GDP growth for the October-December quarter as "surprising", a tad lower than 7.4 per cent in the previous quarter..........
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Government looking to sell 51 per cent stake in Dredging Corp
Uploading Date : 06-03-2017The government is looking to sell a 51 per cent stake in staterun Dredging Corporation of India. A cabinet note has been prepared on this proposal and is being circulated among key ministries for comment, two senior government officials said........
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Sugar stocks extend gain; Dhampur, Mawana Sugars hit 52-week highs
Uploading Date : 06-03-2017Shares of sugar companies continue trading higher for the second straight day, gaining by up to 18% on BSE. Thiru Arooran Sugars, Dhampur Sugars, Uttam Sugar Mills, DCM Shriram Industries, Oudh Sugar Mills, Dwarikesh Sugar and Rajshree Sugars were trading higher in the range of 3% to 8% on the BSE. At 10:19 am, the S&P BSE Sensex was up 0.64% at 29,016 points...........
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Liability linkage provision in GST to hit small traders
Uploading Date : 04-03-2017A provision in the model goods and services tax (GST) law to ensure the smooth flow of credit and minimise tax evasion could hit small businesses and suppliers by favouring bigger and financially stronger ones..........
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