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CPI inflation hits 6-month high of 2.92% in April

CPI inflation hits 6-month high of 2.92% in April

India's retail inflation based on Consumer Price Index (CPI) continued northward journey for third straight month and inched up to a 6-month high of 2.92% in April 2019 due to a spike in food prices, including......

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Indian economy to grow at 7% range in current fiscal: Subramanian

Indian economy to grow at 7% range in current fiscal: Subramanian

Chief Economic Advisor (CEA) Krishnamurthy V. Subramanian has said  that the Indian economy would grow at 7% range in the current financial year (FY20) powered by the effects of the strong structural......

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Banks take 57% haircut in 94 cases resolved in FY19: ASSOCHAM-CRISIL study

Banks take 57% haircut in 94 cases resolved in FY19: ASSOCHAM-CRISIL study

A joint study carried out by the industry body Associated Chambers of Commerce & Industry of India (ASSOCHAM) and rating agency CRISIL stated that banks have taken a huge 57% haircut in the 94......

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Indian economy slowed down slightly in FY19: Finance Ministry

Indian economy slowed down slightly in FY19: Finance Ministry

The Finance Ministry in its monthly economic report for March has said that Indian economy slowed down slightly in the fiscal year 2018-19 (FY19), though it is still fastest growing major economy. The......

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Pre-monsoon rainfall from March to April records 27% deficiency: IMD

Pre-monsoon rainfall from March to April records 27% deficiency: IMD

Raising concerns over rainfall in India, the India Meteorological Department (IMD) stated that pre-monsoon rainfall from March to April has recorded 27% deficiency. IMD said it is a phenomenon critical......

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Higher tariffs power purchase agreement scheme positive for IPPs: ICRA

Higher tariffs power purchase agreement scheme positive for IPPs: ICRA

The rating agency ICRA has said the completion of the second round of medium-term power purchase agreement (PPA) auctions along with the slightly higher tariffs discovered is positive for the independent......

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Finance Ministry simplifies 'self-assessed' GST return filing in composition scheme

The Finance Ministry, giving relief to composition scheme taxpayers under the Goods and Services Tax (GST), has allowed such businesses to file 'self-assessed tax' return on quarterly basis in a simplified......

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RBI to infuse Rs 25,000 crore in May via purchase of g-secs

The Reserve Bank of India has decided to infuse more liquidity into market. It will buy government securities under Open market operations (OMOs) for an aggregate amount of Rs 25,000 crore in May 2019......

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Domestic solar power capacity addition expected at around 7 GW to 7.5 GW in FY20: ICRA

Rating agency ICRA in its latest note has estimated 7-7.5 GW solar power capacity addition during the current financial year (FY20), which includes 1 GW of rooftop solar. The agency said it is based on......

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Spike in crude prices may adversely impact CAD, rupee, inflation: Care Ratings

Credit rating agency Care Ratings in its latest report has warned that a spike in crude oil prices by 10 percent owing to the US sanctions on Iranian crude exports can result in a 0.40 percent widening......

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Job creation declines by 1.73% in February to 15.03 lakh: ESIC payroll data

The Employees State Insurance Corporation (ESIC) in its latest payroll data has showed that job creation declined by 1.73% in February 2019 to 15.03 lakh compared to 15.30 lakh in the same month last year.......

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Job creation trebles in February to reach 8.61 lakh: EPFO

The Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest 'Net Payroll Data' report has showed that job creation in India's formal sector almost trebled to 8.61 lakh in February......

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Reform process in India must be completed in coming five years: Arvind Panagariya

In order to create decent jobs for the masses as well as give serious thought to privatising the public sector banks (PSBs), Arvind Panagariya, who had served as the first Vice Chairman of the NITI Aayog......

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P-notes investment jumps to Rs 78,110 crore at March-end

With positive market sentiments, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) jumped to Rs 78,110 crore at the end of March. According......

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India's steel demand may grow above 7% in 2019, 2020: World Steel Association

The World Steel Association in its latest report 'Short Range Outlook April 2019' has said India's steel demand is likely to grow above 7 per cent in the current year (2019) as well as next year (2020).......

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