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ASSOCHAM pitches for growth rate of 8-8.5% per annum

ASSOCHAM pitches for growth rate of 8-8.5% per annum

In order to make India a $5 trillion economy by 2025, Industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) has come out with charter of demands and called on political parties......

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PSBs likely to regain path of profitably in FY20 with expected fall in NPAs: ICRA

PSBs likely to regain path of profitably in FY20 with expected fall in NPAs: ICRA

Rating agency ICRA in its latest report has stated that Public Sector Banks (PSBs) are likely to report net profit of Rs 23,000-37,000 crore in the next fiscal year 2019-20, after four years of consecutive......

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Corporates need to play greater role in achieving SDGs: Rajiv Kumar

Corporates need to play greater role in achieving SDGs: Rajiv Kumar

In order to achieve the Sustainable Development Goals (SDGs), Niti Aayog vice-chairman Rajiv Kumar has underlined the need to mobilise funds from all sources especially corporate. He added the focus should......

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Aviation ministry to create simplified regulatory regime to speed up clearances for aviation projects

Aviation ministry to create simplified regulatory regime to speed up clearances for aviation projects

The civil aviation ministry will create a simplified regulatory regime to speed up clearances of aviation projects such as new airports development and expansion while taking due care of environment sustainability.......

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RBI to inject long-term liquidity worth $5 billion into system

RBI to inject long-term liquidity worth $5 billion into system

In order to meet the durable liquidity needs of the system, the Reserve Bank of India (RBI) has decided to inject long-term liquidity worth $5 billion into the system through foreign exchange swap arrangement......

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India

India's IIP growth slows down to 1.7% in January

With subdued performance of the manufacturing sector, especially capital and consumer goods, India industrial production measured by Index of Industrial Production (IIP) slowed down to 1.7% in January......

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Scheduled commercial banks' dependence on bulk deposits may increase: Ind-Ra

India Ratings and Research (Ind-Ra) in its latest report has stated that if credit growth is higher than deposit, scheduled commercial banks' reliance on bulk deposits may increase. This could lead to......

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India's export of goods may touch $330 billion in 2018-19: Suresh Prabhu

Expressing optimism over export growth, Commerce and Industry Minister Suresh Prabhu has said that India's export of goods may touch $330 billion in 2018-19. He added that this will be the highest ever......

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Income tax department notifies relaxed norms for startups

With an aim to encourage budding entrepreneurs, the income tax (I-T) department has notified the modified norms for startups to enable them to seek 'angel tax' exemption for investments of up to Rs 25......

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RBI to inject Rs 12,500 crore into financial system through OMOs

With an aim to increase liquidity into the market, the Reserve Bank of India (RBI) has stated that it would infuse Rs 12,500 crore into the financial system on March 07, 2019. The purchase will be made......

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Govt's recapitalisation plan for PSBs insufficient to support lending growth: Fitch

Amid the government's latest move of capital infusion into public sector banks (PSBs) to help them meet regulatory capital requirements, Fitch Ratings in its latest report has stated that the government's......

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Fiscal deficit widens in January; stands at 121.5% of full-year target

With lower revenue collections, the Controller General of Accounts (CGA) in its latest data showed that the central government's fiscal deficit has widened and touched 121.5% of the full-year revised target......

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India Inc witnesses dip in both revenue growth as well as margins in Q3FY19: ICRA

ICRA, a credit rating agency, in its latest report has said India Inc witnessed a dip in both revenue growth as well as margins in third quarter of current financial year (Q3FY19) as compared to the preceding......

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GST Council cuts tax rate on under-construction flats to 5%

The Goods and Services Tax (GST) Council, headed by Union Finance Minister Arun Jaitely, in its 34th meeting has cut tax rate on under-construction housing properties to 5 per cent without input tax credit......

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Complete turnaround two years away for PSBs despite capital infusion: Moody's

After the government announced Rs 48,239 crore capital infusion into 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans, global......

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