Economy News

RBI Bonds scheme not closed: Finance Ministry

The Finance Ministry today said RBI Bonds Scheme has not been closed but the interest rate on such papers lowered to 7.75 per cent. Yesterday, the government notified tha..

Did not write off any corporate loans: Arun Jaitle..

Union Finance Minister Arun Jaitley said on Tuesday that the Narendra Modi-government has not written off any corporate loans and such assumptions were just "m..

India`s spice export grew 24% in April-September 2..

Spice exports from India during April to September 2017 grew 24 per cent and touched 557,525 tonnes, valued at Rs 8,850.53 crore, as compared to the same period in 2016 w..

GDP growth in India to accelerate over coming year..

India's growth rate is expected to accelerate over the coming year and is likely to improve further to 7.6 per cent by 2019-20 as key sectors would revive from disrup..

Government earmarks Rs 10,132 cr for internal secu..

Over Rs 10,000 crore has been earmarked for internal security related expenditure in Jammu and Kashmir, Northeastern region and the Naxal-hit areas, union minister Hansra..

Centre, states, industry to discuss export situati..

The Centre, state governments and industry representatives will meet on January 8 to discuss ways to boost the country's exports, a commerce ministry official said as..

Scrapping `8% bonds` a deplorable act: P. Chidamba..

Congress leader and former Union Finance Minister P. Chidambaram on Monday said that the Narendra Modi governments decision to scrap the '8 per cent taxable bond'..

SBI cuts base rate to 8.65% to benefit retail borr..

State-run State Bank of India (SBI) on Monday announced a hefty reduction in its lending base rate from the New Year by 30 basis points (bps), to 8.65 per cent per annum...

Bank of India receives Rs 2,257 cr from government

Public sector lender Bank of India on Saturday said it has received a capital infusion Rs 2,257 crore from the government. "The bank has on December 29 received a..

Iran exports $20 mn-worth tiles, ceramics to Pakis..

Iran exported 8.5 million square metres of tiles and ceramics worth $20 million to Pakistan during the eight months to November 21. According to Iran's comme..

Deadline to file GSTR-1 extended till January 10

The government on Friday extended the deadline to file GSTR-1 for all taxpayers by 10 days, till January 10. In a statement, the Finance Ministry said that all registe..

No plans to waive corporate loans: Minister

The government has no plans to waive off corporate loans and banks while banks have advised to either resolve their issue of non-performing assets (NPAs), or stressed loa..