Business

October 17, 2019 2:49 PM

India's livestock population increases to over 535 million

India's livestock population has increased to over 535 million showing an increase of 4.6 per cent over Livestock Census-2012. The Department of Animal Husbandry and Dairying released the 20th Livestock Census -2019 yesterday.  As per the livestock census, the share of cattle is around 36 p...

October 17, 2019 8:50 AM

Rupee appreciates by 11p at 71.43 against USD

The rupee today recovered from initial losses to settle 11 paise higher at 71 rupees and 43 paise against the dollar, tracking gains in domestic equity markets and softening crude oil prices. Traders said, foreign fund inflows also supported the local currency.  

October 15, 2019 8:10 AM

RBI raises withdrawal limit to Rs 40,000 for PMC bank account holders

Reserve Bank has enhanced the withdrawal limit for the account holder of Punjab and Maharashtra Cooperative Bank or PMC Bank to 40 thousand rupees from 25 thousand rupees. This is the third time, RBI has raised the withdrawal limit since its clamp down on PMC Bank last month. In a statement, RBI sai...

October 14, 2019 9:09 PM

WTO gives nod to US to impose trade sanctions on EU goods worth 7.5 bn USD

The World Trade Organization, WTO, has formally given the go-ahead for the United States to impose trade sanctions on up to 7.5 billion dollars worth of European Union goods. This follows a ruling that European planemaker Airbus received illegal subsidies. The move by the WTO's dispute sett...

October 14, 2019 8:16 PM

Retail inflation spikes to 3.99% in Sep due to price rise in food items

Retail inflation spiked to 3.99 per cent in September this year mainly due to higher prices of food items. Government data, released today, showed that the consumer price index (CPI) based inflation was registered at 3.28 per cent in August this year.  On a year-on-year basis, the inflation was 3.70...

October 14, 2019 8:13 PM

Wholesale inflation eases by 0.33% in Sep due to falling fuel prices

Wholesale inflation eased to more than three-year low of 0.33 per cent in September this year mainly due to falling prices of fuel and certain food articles. According to official data, the wholesale price index-based inflation was 1.08 per cent in August this year and 5.22 per cent in September las...

October 14, 2019 1:17 PM

India to honour contractual commitments under energy agreements: Sitharaman

Finance Minister Nirmala Sitharaman has assured investors that India will honour contractual commitments under various energy agreements. Speaking at the India Energy Forum of CERAWeek in New Delhi, Ms Sitharaman said, tax incidence has been lowered and investors should not have any concern as atmos...

October 14, 2019 12:18 PM

China's imports, exports fell more than expected in Sept

China's imports and exports fell more than expected in September, official data showed today, as cooling demand at home and abroad hit trade. According to data from the customs administration, globally, China's exports dropped 3.2 per cent in September from the same period last yea...

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