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  • Economy

    Incentives for exports to boost shipments: Exporters

    FIEO said the new measures in form of incentives and refund of taxes will go a long way in enhancing the growth prospects. New Delhi: Incentives announced by the government will help in boosting the country's exports at a time when there are signs of worsening global economic conditions and it will help in boosting outbound shipments, according to exporters. Federation of Indian Export...

    • 2 hrs ago
  • Economy

    Inflation under control, clear signs of revival in factory output: Sitharaman

    The government has mandated the Reserve Bank of India to keep the retail inflation in the band of 2-6 per cent. New Delhi: Finance Minister Nirmala Sitharaman on Saturday said inflation is under control and there is a clear sign of revival of industrial production. Addressing the third press conference to announce measures to boost economy, the minister said inflation...

    • yesterday
  • Economy

    RBI proposes Rs 200 cr minimum capital for small banks

    The foreign shareholding in the small finance bank would be as per the extant FDI policy for private sector banks. Mumbai: The Reserve Bank of India (RBI) on Friday proposed a minimum equity capital of Rs 200 crore to set up a small finance bank (SFB) under the 'on tap' licence regime to expand the banking services through high technology-low cost operations. Releasing the draft...

    • yesterday
  • Economy

    Exports decline 6 pc to USD 26.13 bn; trade deficit narrows

    Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products. New Delhi: India's exports dropped by 6.05 per cent to USD 26.13 billion in August compared to the year-ago month, official data released on Friday showed. Imports too declined by 13.45 per cent to USD 39.58 billion, narrowing trade deficit to USD 13.45...

    • 2 days ago
  • Economy

    GST Council meets next Friday; tax rate cut to hinge on revenue position

    The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further. New Delhi: The all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from cars to biscuits keeping in mind the revenue position as any cut will have a direct impact on earnings of states, a senior...

    • 2 days ago
  • Economy

    World Bank to sanction Rs 3,000 crore for food parks: Govt

    Minor formalities remain to be completed on this front before the first disbursement, MoS for Food Processing Industries said. New Delhi: The World Bank will provide Rs 3,000 crore funds to finance mini and mega food parks across the country, particularly in Northeast, and help boost farmers' income, Union Minister Rameswar Teli said on Friday. Minor formalities remain to be...

    • 2 days ago
  • Economy

    RBI likely to go for further policy easing in Oct 4 meet

    The central bank has already reduced the key policy rate four times in the current calendar year New Delhi: The Reserve Bank of India is expected to go for a further rate cut in the next month's monetary policy review as inflation is expected to pan out in line with the central bank's projection, experts say. According to global as well as domestic brokerages, moderating...

    • 2 days ago
  • Economy

    US, China trade war could lower global GDP by 0.8 per cent in 2020: IMF

    IMF spokesman Gerry Rice said trade tensions were beginning to affect a world economy already many facing challenges. Washington: Tariffs imposed or threatened by the United States and China could shave 0.8 per cent off global economic output in 2020 and trigger more losses in future years, the International Monetary Fund said on Thursday. IMF spokesman Gerry Rice said...

    • 2 days ago
  • Economy

    RBI increases banks' loan exposure limit to single NBFC

    RBI increased loan exposure limit of banks to a single NBFC from 15 per cent to 20 per cent. Mumbai: The RBI on Thursday increased loan exposure limit of banks to a single NBFC (excluding gold loan companies) from 15 per cent to 20 per cent of its capital base, a move that will help increase credit supply to the crisis-ridden shadow banking sector. According to the extant 'Large...

    • 2 days ago
  • Economy

    Industrial output growth rises 4.3 pc in July

    The industrial output growth was recorded at 1.2 per cent in June and 4.6 per cent in May this year. New Delhi: India's industrial production growth slowed to 4.3 per cent in July, dragged mainly by manufacturing sector's poor show, according to government data released on Thursday. Factory output, as measured by the Index of Industrial Production (IIP), had expanded 6.5 per cent in July...

    • 3 days ago

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