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Govt approves new national electronic policy 2019

Govt approves new national electronic policy 2019

With an aim to increase electronic manufacturing ecosystem in country, the government has approved a new National Electronic Policy 2019.  The objective of new electronics policy is to create......

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Cabinet approves promulgation of amendments in Companies Ordinance 2019

Cabinet approves promulgation of amendments in Companies Ordinance 2019

In order to incentivize compliance with law and to extend greater Ease of Doing Business, the Union Cabinet has given green signal to the promulgating an ordinance for companies law amendments. A bill......

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RBI to infuse Rs 12,500 crore into system through OMOs to increase liquidity

RBI to infuse Rs 12,500 crore into system through OMOs to increase liquidity

In order to increase liquidity into the market, the Reserve Bank of India (RBI) said it would inject Rs 12,500 crore into the system through purchase of government securities on February 21, 2019. The......

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Bank credit growth increases 14.5%, deposits up 9.63%

Bank credit growth increases 14.5%, deposits up 9.63%

The Reserve Bank of India (RBI) in its latest report has showed that bank credit growth increased by 14.5 percent at Rs 94.29 lakh crore, while deposits grew at a tepid 9.63 percent to Rs 121.22 lakh crore......

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Direct tax collection stands at Rs 7.89 lakh crore in April-January of FY19

Direct tax collection stands at Rs 7.89 lakh crore in April-January of FY19

Net direct tax collection stood at Rs 7,88,930 crore in the April-January period of current fiscal (2018-19). The Minister of State for Finance Shiv Pratap Shukla has said there were 9.92 crore direct......

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Rate cut by RBI to boost economy, make loan affordable to small businesses: Goyal

Rate cut by RBI to boost economy, make loan affordable to small businesses: Goyal

After the Reserve Bank of India (RBI) cut repo rate in its latest bi-monthly policy, Finance Minister Piyush Goyal has said the RBI's this move will give a boost to the economy by providing affordable......

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Tax relief for middle-class, direct cash transfer to farmers to support growth: Moody's

Expressing hopes on India's growth, global credit ratings agency, Moody's Investors Service has said that the tax relief steps for the middle-class and direct cash transfer programme for farmers will give......

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Govt anticipates India's GDP growth to accelerate to 7.5% in FY20: Garg

Expressing optimism over growth of Indian economy, the Finance Ministry has said that it expects Gross Domestic Product (GDP) growth to accelerate to 7.5 per cent in 2019-20 (FY20) from 7.2 per cent projected......

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GST collections rise to Rs 1.02 lakh crore in January 2019

The Finance Ministry has said Goods and Services Tax (GST) collections rose to Rs 1.02 lakh crore in January 2019. This was the second highest monthly mop-up after April. This was a significant increase......

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Govt revises India's economic growth rate upwards to 7.2% for 2017-18

The government has revised India's gross domestic product (GDP) growth rate upwards by 50 basis points to 7.2 per cent from 6.7 per cent for fiscal 2017-18 and by 110 basis points to 8.2 per cent from......

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Fitch Ratings warns of fiscal slippage if govt goes for populist interim budget

Fitch Ratings has warned of a second consecutive year of fiscal slippage if government goes for populist interim budget 2019. The interim budget to be presented on February 01 could give some indication......

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Core sector growth slows to 2.6% in December 2018

The growth of eight core infrastructure industries slowed down to 2.6 percent in December 2018, on account of negative growth in expansion of crude oil, refinery products and fertilisers. According to......

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Revenue collection from GST surpasses Rs 1 lakh crore mark in January: Finance Ministry

The Finance Ministry has said that revenue collection from Goods and Services Tax (GST) in the month of January 2019 surpassed Rs 1 lakh crore-mark, after a gap of 2 months. It noted that this has been......

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India's manufacturing PMI surges to 53.9 in January

After showing slow growth in the previous month, the Indian manufacturing sector surged in the month of January, with the quickest increase in order books. As per the survey report, the Nikkei India Manufacturing......

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Govt likely to meet fiscal deficit target this year: SBI Research

SBI Research in its latest report has stated that the government is likely to meet the fiscal deficit target this year and pegged fiscal deficit at Rs 6.72 trillion or 3.2% of gross domestic product (GDP)......

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