Business

March 5, 2019 8:20 PM

Govt fixes sugar sale quota for March

The government has fixed sugar sale quota for the month of March. Sugar mills can sell 24.5 lakh tonne of the sweetener in the open market in the current month. The Centre has allocated sugar quota for sale to each of the 524 mills in the country. In a statement, the Food Ministry said, the increase...

March 1, 2019 9:09 PM

Indian economy expected to grow at 7.3% in 2019-20: Moody's

Indian economy is expected to grow at 7.3 per cent in calendar years 2019 and 2020, the US-based rating agency Moody's said on Friday.  In its quarterly Global Macro Outlook for 2019 and 2020 released today, the agency said the country is less exposed to a slowdown in global manufacturing t...

March 1, 2019 6:04 PM

GST collection in February stands at Rs 97,247 cr

The GST collection in the month of February stood at 97 thousand 247 crore rupees. However, the collection in previous month was over one lakh crore rupees. Finance Ministry in a release said, the total number of GSTR 3B returns filed for the month of January up to 28th February is over 73 lakh.  Th...

February 28, 2019 1:07 PM

RBI, Bank of Japan sign Bilateral Swap Arrangement

Reserve Bank of India and Bank of Japan have signed a Bilateral Swap Arrangement (BSA). It may be recalled that the BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo in October last year.  The BSA provides for India to access 75 billion US dollars w...

February 28, 2019 8:31 AM

India, Italy should make concerted effort to promote bilateral trade: Prabhu

Commerce and Industry Minister Suresh Prabhu has said India and Italy should make a concerted effort to promote and expand bilateral trade between the countries. Addressing the 20th session of India-Italy Joint Commission for Economic Cooperation in New Delhi yesterday, Mr Prabhu said India has an a...

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