Impact of demonetisation strong in finance real estate and construction growth: Yes Bank
Uploading Date : 03-03-2017The latest growth estimates released by the Central Statistical Organisation (CSO) indicates that Finance , real estate and construction sector are visibly hit by high value note ban or demonetisation, a report by Yes Bank notes.
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India seeks $5-7 billion aid from World Bank
Uploading Date : 02-03-2017Union Finance Minister Arun Jaitley on Wednesday urged the World Bank to grant India $5-7 billion to meet its funding requirements. "An increase in World Bank's support is imperative to meet our current requirement of $5-7 billion and for a huge pipeline of projects," said Jaitley in a statement after meeting its Chief Executive Kristalina I. Georgieva here..................
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Banks to levy Rs 150 after four cash tansactions
Uploading Date : 02-03-2017Some banks, including HDFC Bank, have begun charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month...........
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GDP growth slows to 7% in Q3FY17
Uploading Date : 01-03-2017The annual economic growth slowed to 7% in the three months through December from a revised 7.4% expansion in the previous quarter, government data showed on Tuesday............
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Core sector growth slows down to 3.4% in January
Uploading Date : 01-03-2017Core sector growth slipped to a fivemonth low in January but remained comfortably in the positive zone. Contraction in the output of refinery products, fertiliser and cement pulled down the index that tracks growth in eight infrastructure sectors...........
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Govt mulls permitting sale of non-food items under FDI policy
Uploading Date : 28-02-2017The government will consider the demands made by foreign retailers for allowing non-food items such as home care products under the FDI policy, Union Minister Harsimrat Kaur Badal today said............
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India should cut corporate tax, go for inheritance levy: OECD
Uploading Date : 28-02-2017India should bring down corporate tax rate to 25 per cent, introduce inheritance tax and provide certainty in rules, global think-tank OECD said today, taking the line that demonetisation will benefit the economy in the long run.................
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CSO set to lay bare note ban bruises on economy, may peg GDP growth below 7%
Uploading Date : 27-02-2017The second official estimate of GDP growth due on Tuesday is likely to show the economy expanded below 7% in FY17, tripped by the November 8 demonetisation that dented the consumption demand.............
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