Business

July 1, 2017 8:57 PM

RBI report sees India's economic growth rate at 7.3% in 2017-18

The Reserve Bank on Friday said the ongoing accelerated reform initiatives like Goods and Sevice Tax and continuing political stability will push the economic growth scale to 7.3 per cent in terms of Gross Value Added -GVA in the current fiscal year. The Financial Stability Report 2017, released on ...

July 1, 2017 8:50 PM

Govt imposes 10% customs duty on imported mobile phones, parts

The government has imposed 10 per cent basic customs duty on mobile phones and certain parts with immediate effect to boost domestic manufacturing. According to an official statement, 10 per cent customs duty, will be levied on imported cellular mobile phones and accessories such as charger, battery...

July 1, 2017 1:31 PM

Govt levies 10 per cent customs duty on imported cellphones

The government has imposed 10 per cent basic customs duty on mobile phones and parts like charger, headsets, battery and USB cable with immediate effect to boost domestic manufacturing. According to an official statement, the 10 per cent customs duty, will be levied on imported cellular mobile phone...

June 30, 2017 9:24 PM

RBI report sees India's economic growth rate at 7.3% in 2017-18

The Reserve Bank on Friday said the ongoing accelerated reform initiatives like Goods and Sevice Tax and continuing political stability will push the economic growth scale to 7.3 per cent in terms of Gross Value Added -GVA in the current fiscal year. The Financial Stability Report 2017, released on ...

June 30, 2017 8:59 PM

Forex reserves at new life-time high of USD 382.53 bn

India's Forex Reserves surged by 576.4 million US Dollar to touch a new life-time high of 382.53 billion US Dollar in the week to June 23. According to Reserve Bank of India FCAs, a major component of overall reserves, rose by 580.2 million US Dollar to 358.664 billion US Dollar in the repo...

June 30, 2017 8:59 PM

Growth of eight core sectors slowed to 3.6 % in May

The growth of eight core sectors slowed to 3.6 per cent in May this year due to fall in output of coal and fertilisers.The growth rate of eight infrastructure sectors including coal, crude oil, fertiliser, steel, cement and electricity was 5.2 per cent in May last year. According to data released by...

June 30, 2017 7:39 PM

Sensex gains 64 points to close at 30,922

The Sensex at the Bombay Stock Exchange gained 64 points, or 0.2 percent, to close at 30,922, just hours ahead of the the Goods and Services Tax rollout. The Nifty at the National Stock Exchange rose 17 points, to 9,521.And at the forex market, the rupee appreciated 5 paise, to 64.58 against the dol...

June 30, 2017 6:17 PM

Govt slashes interest rate on small savings by 0.1%

Government has lowered interest rate on small saving schemes by 0.1 per cent for the July- September quarter. The move will prompt banks to lower deposit rates. The rates of small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi have been lowered across the board compared to the Apri...

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