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India to Get $250 Million Loan from World Bank for Skill Development Plans

Dec-14-2017 | 0 Comments

India to Get $250 Million Loan from World Bank for Skill Development Plans New Delhi: World Bank will provide USD 250 million loan to India for skill development programme to support livelihood. India on Wednesday signed a loan agreement with World Bank under 'Skills Acquisition and Knowledge Awareness for Livelihood Promotion' (SANKALP) Project, an official statement sai... Read Full Story »

New MDRs: RBI Says All Stakeholders Consulted

Dec-14-2017 | 0 Comments

New MDRs: RBI Says All Stakeholders Consulted Mumbai: Facing flak from various quarters, especially card-acquiring banks, the Reserve Bank on Wednesday clarified that it lowered MDRs after detailed talks with all stakeholders to achieve the twin objectives of promoting less-cash economy and ensure all stakeholders do a profitable business. The Reserve B... Read Full Story »

GST Network Simplifies Returns Filing Process for Taxpayers

Dec-14-2017 | 0 Comments

GST Network Simplifies Returns Filing Process for Taxpayers New Delhi: The GST Network said it has introduced a functionality which simplifies the returns filing process for taxpayers. "A new functionality has been introduced on the GST portal for ease of the taxpayers under which questions will be posed as soon as the taxpayer enters the Returns dashboard and o... Read Full Story »

WTO Talks Collapse, no Agreement on Food Security as US Reneges Commitment

Dec-14-2017 | 0 Comments

WTO Talks Collapse, no Agreement on Food Security as US Reneges Commitment Buenos Aires: The talks collapsed at the WTO's 11th ministerial conference with the US reneging on its commitment to finding a permanent solution to the public food stockpile issue, resulting in disappointment to developing countries such as India. As the US refused to engage, the 164-member World Trade... Read Full Story »

Mutual Funds Industry AUM Stands at Rs 22.79 Trillion in November: ICRA

Dec-14-2017 | 0 Comments

Mutual Funds Industry AUM Stands at Rs 22.79 Trillion in November: ICRA Mumbai: The Mutual fund industry's asset under management (AUM) rose to a record high of Rs 22.79 lakh crore (Rs 22.79 trillion) in November, helped by positive investor sentiment after Moody's upgraded the country rating, says a report. In October, asset under management stood at Rs 21.41 lakh cro... Read Full Story »

Stocks Open in Green Ahead of Gujarat Exit Polls

Dec-14-2017 | 0 Comments

Stocks Open in Green Ahead of Gujarat Exit Polls Mumbai: The flagship Sensex opened in the green by jumping 117 points on Thursday on value-buying in blue-chips ahead of exit poll results for Gujarat election. Asian stocks moved sideways. The NSE Nifty went above 10,200-mark. The 30-share BSE index was up 116.70 points, or 0.35 percent, at 33,169.74. The... Read Full Story »

US Fed Raises Key Interest Rate Amid Strong Labour Market

Dec-14-2017 | 0 Comments

US Fed Raises Key Interest Rate Amid Strong Labour Market Washington: The US central bank on Thursday raised the benchmark interest rate for the third and final time this year, and indicated it was not likely to be more aggressive next year, at least for now. Citing the strong labour market and solid economy, the Fed's policy-setting Federal Open Market Commit... Read Full Story »

Inflation Touches 15-month High of 4.88 percent in November, Industrial Output Slows

Dec-13-2017 | 0 Comments

Inflation Touches 15-month High of 4.88 percent in November, Industrial Output Slows New Delhi: Retail inflation hit a 15-month high of 4.88 per cent in November due to costlier fuel, vegetables and eggs, as per data released by the Central Statistics Office (CSO) on Tuesday. The inflation, based on Consumer Price Index (CPI), was at 3.58 per cent in October. It was 3.63 per cent in November... Read Full Story »

EPFO Advises Members Against Fully Withdrawing Funds

Dec-13-2017 | 0 Comments

EPFO Advises Members Against Fully Withdrawing Funds Chandigarh: Retirement fund body EPFO on Tuesday advised subscribers not to completely withdraw funds for petty reasons, saying they will lose out on the social security benefits that come only when continuity is maintained. The Employees' Provident Fund Organisation (EPFO) further said that PF money ai... Read Full Story »

India's 2017/18 Cotton Output Could Rise 9 Percent from Last Year

Dec-13-2017 | 0 Comments

India's 2017/18 Cotton Output Could Rise 9 Percent from Last Year Mumbai: India's cotton output is expected to rise 9.3 percent in the year that began in October, a government official said on Tuesday, but production is likely to fall almost 6 percent than industry estimates for 40 million bales, each of 170 kg. Cotton production could touch 37.7 million bales in the ... Read Full Story »

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