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June 11, 2020 8:35 AM
The Centre has decided to continue the export curbs only on specific diagnostic kits, reagents, and instruments such as swabs sterile synthetic fibre, silicon columns and magnetic stand, amid the COVID-19 outbreak. In a notification, the Directorate General of Foreign Trade, DGFT said all other...
June 11, 2020 8:33 AM
State-run lenders Bank of Baroda (BoB) and Union Bank of India (UBI) have announced cut in their marginal cost of funds-based lending rates (MCLR) across all tenors. While the Bank of Baroda's MCLR cut of 15 basis points (bps) is effective from tomorrow, the 10 bps revision in Union Bank of...
June 11, 2020 8:21 AM
After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 percent next fiscal, Fitch Ratings has said. It has forecast a 5 percent contraction in the GDP in the ongoing financial year. Fitch Ratings said after the global cr...
June 10, 2020 9:08 PM
S&P today retained India's sovereign rating at "BBB-" with a stable outlook, saying that while risks to growth are rising, the economy and fiscal position will stabilise and begin to recover from 2021 onwards. It said, the stable outlook reflects that India&apo...
June 10, 2020 2:13 PM
With a view to give thrust to the Skill India initiative, National Fertilizers Limited, NFL, a Central Public Sector Enterprise Under Department Of Fertilizers, has started tying up with Industrial Training Institutes located near to its plants to train youth in various trades and to enhance the cha...
June 10, 2020 10:55 AM
The pharmaceutical industry is expecting medicine demand to surge in the near future. According to of Indian Drug Manufacturers Association -IDMA, the demand will increase following spending on healthcare as a percentage of GDP slated to increase. Drug Manufacturers Association said in a statement...
June 10, 2020 9:31 AM
The Bombay High Court granted temporary bail of three months to Jagdish Mookhey, an accused in the Punjab and Maharashtra Cooperative (PMC) Bank fraud case. His lawyer, Yusuf Iqbal Yusuf, told the HC that the accused needs to undergo an "epigastric hernia surgery" and submitted his...
June 10, 2020 9:23 AM
Union Government has hiked Customs duty on bamboo imports by agarbatti manufacturers from 10 per cent to 25 per cent with immediate effect. Finance Ministry has said that the decision has been taken to encourage use of domestic bamboo under the Aatmanirbhar Bharat scheme. The 25 per cent customs du...
June 9, 2020 6:58 PM
Union Government has hiked Customs duty on bamboo imports by agarbatti manufacturers from 10 per cent to 25 per cent with immediate effect. Finance Ministry has said that the decision has been taken to encourage use of domestic bamboo under the Aatmanirbhar Bharat scheme. The 25 per cent customs du...
June 9, 2020 5:05 PM
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