Business

August 2, 2017 8:43 AM

Weighted average MRP of urea decreased by 71 paise per bag after GST: Mansukh

Minister of State for Chemicals and Fertilizers, Mansukh Mandaviya today informed the Lok Sabha that all India weighted average MRP of urea has decreased by 71 paise per bag after the introduction of GST. In a written reply to a question, the Minister said, in this way, the farmers have directly ben...

August 2, 2017 7:36 AM

Core sector industries grow by 0.4% in June

The country's eight core sectors grew 0(point)4 per cent in June this year. Growth in the eight infrastructure sectors had stood at 7 per cent in June last year, and 4.1 per cent in May this year. According to official data, production of coal declined 6.7 per cent in June this year, petrol...

August 2, 2017 4:56 AM

RBI to announce its third bi-monthly policy review today

Reserve Bank of India, RBI, will today announce its third bi-monthly policy review of current fiscal. As a preparatory to announcing the policy review, a two-day meeting of six member Monetary Policy Committee, MPC, of RBI headed by its Governor Urjit Patel begun yesterday in Mumbai.The meeting&...

August 1, 2017 10:34 AM

Rupee firms up by 14 paise to 64.05 on dollar selling

The rupee firmed up by 14 paise to 64 point 05 against the US dollar today as exporters and banks intensified selling of the American currency. Yesterday, the rupee had ended 4 paise lower at 64.19, the second straight session loss against the US currency,owing to bouts of month-end dollar demand fr...

August 1, 2017 5:02 AM

Govt orders LPG prices to be hiked by Rs 4 per month

The government has ordered state-run oil companies to raise subsidised cooking gas, LPG, prices by four rupees per cylinder every month to eliminate all the subsidies by March next year. Petroleum and Natural Gas Minister Dharmendra Pradhan yesterday said in a written reply in the Lok Sabha. He info...

July 31, 2017 11:59 PM

Commodity trade at 4 Indo-Bangla border haats allowed<br/>

The government has allowed trade of several commodities such as locally produced vegetables and garments at four border haats between India and Bangladesh. A commerce ministry statement said in New Delhi today that the commodities will be allowed to be traded in the order haats at Baliamari-Kalaicha...

July 31, 2017 11:17 PM

India-Bhutan new trade pact comes into force from July 29: Govt

The commerce ministry has said the new agreement on trade, commerce and transit between India and Bhutan which has come into force from July 29, will further strengthen economic ties between the two countries. The commerce ministry said in a statement in New Delhi today that the agreement provides f...

July 31, 2017 11:16 PM

RBI asks banks to work towards account number portability

Reserve Bank of India Deputy Governor S S Mundra has asked banks to work towards account number portability, as it will be a far-reaching step towards enhancing competition and improving customer service. Speaking at the annual conference of banking ombudsmen in Mumbai , he said banks should look fo...

July 31, 2017 9:06 PM

Sensex, Nifty climb to lifetime highs

The Sensex at the Bombay Stock Exchange jumped 205 points, or 0(point)6 percent, to a fresh record closing high of 32,515, today. The Nifty at the National Stock Exchange climbed 63 points, to a lifetime closing peak of 10,077.

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