Economy News

Raw jute MSP increased to Rs 3,700 per quintal

New Delhi, April 25 The Cabinet Committee on Economic Affairs (CCEA) on Wednesday increased the Minimum Support Price (MSP) of raw jute from Rs 3,500 to Rs 3,7..

CCEA approves restructured bamboo mission with out..

The government approved a restructured National Bamboo Mission (NBM) with an outlay of Rs 1,290 crore for two years, a move aimed at benefiting one lakh farmers, said an ..

Cryptocurrencies to continue facing regulatory hur..

Ratings agency Moody's Investors Service today said it sees cryptocurrencies like bitcoins to continue facing regulatory hurdles in the near term. In a report on fint..

Government approves pacts for supply of iron ore t..

The Union Cabinet today approved a long-term agreement for export of iron to Japan and South Korea through state-owned trading firm MMTC, an official release said as per ..

Cabinet approves MoU between India, African nation..

The government today gave an ex-post facto approval for an agreement signed between India and an African island nation, Sao Tome and Principe, to increase cooperation in ..

RBI sets rupee reference rate at 66.6983 against U..

The Reserve Bank of India today fixed the reference rate of the rupee at 66.6983 against the US dollar and 81.4253 for the euro. The corresponding rates were 66.3622.and ..

India`s average GDP growth to rise to 7.8% in firs..

Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption, and the average GDP growth is expected to rise to 7.8 per cent in ..

India, Mongolia to enhance bilateral trade, invest..

India and Mongolia today discussed economic cooperation in areas such as infrastructure development, energy, services and IT and agreed to explore possibility of launchin..

India signs $ 125 mn loan agreement with World Ban..

A Loan Agreement for IBRD credit of USD 125 (equivalent) for the “Innovate in India for Inclusiveness Project” was signed with the World Bank on 24th April, 2..

NITI Aayog to open applications for Atal New India..

The Atal Innovation Mission (AIM) under the NITI Aayog shall be launching the Atal New India Challenge on Thursday, 26th April 2018, according to an official statement. U..

Government invites feedback on Finance Act, 2018

The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act, ..

US firms keen to invest in Uttar Pradesh: USISPF

The head of a top US business advocacy group has said that American firms are seeing a window of opportunity to invest in Uttar Pradesh. According to the group a change i..