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January 4, 2017 10:16 PM
Spices export from India grew five percent in volume in the first half of 2016-17 and rose up to rupees 8415.97 crores during the period registering seven per cent increase in value. The total value of export was rupees 7892 crores during the corresponding period last year according to Spices Board,...
January 4, 2017 5:31 PM
Foreign direct investment inflows into the country grew over 27 per cent, to 27.8 billion dollars during the April to October 2016 period. According to the Department of Industrial Policy and Promotion, the main sectors to attract foreign inflows include telecom, trading, computer hardware and softw...
January 4, 2017 5:34 AM
Finland has become the first country in the world to pay a basic income to randomly picked citizens on a national level. The experiment, aimed at dismissing poverty, motivating people to join work force and decreasing unemployment, is conducted with 2,000 randomly picked unemployed participants betw...
January 3, 2017 6:59 PM
Government has realized around 23500 crore rupees during the current financial year so far from disinvestment of its stake in Central Public Sector Enterprises, CPSEs. This includes 21,432 crore rupees through minority stake sale in 14 CPSEs and around 2096 crore rupees through strategic disinvestme...
January 3, 2017 1:05 AM
Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros (USD 587), in a social experiment hoped to cut government red tape, reduce poverty and boost employment.Olli Kangas from the Finnish government agency KELA said today that the...
January 3, 2017 12:50 AM
SBI Chief Arundhati Bhattacharya has hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank could be pushed to the next financial year as it is still awaiting the government notification in this regard. Ms. Bhattacharya said undertaking the merger process in the last quart...
January 3, 2017 12:28 AM
Housing, auto and corporate loans are all set to become cheaper with half a dozen PSU and private banks today steeply reducing benchmark lending rate by up to 1.48 per cent after spurt in deposits following demonetisation.Taking a cue from State Bank of India, other lenders including largest private...
January 2, 2017 10:33 AM
The rupee depreciated by five paise in early trade today to quote at 67.97 against the US dollar on the first trading day of 2017 due to fresh buying of the American currency by importers at the Interbank Foreign Exchange.The rupee had closed 18 paise higher at 67.92 against the greenback in the pre...
January 1, 2017 5:18 PM
Foreign funds pulled out a massive 4 billion dollars, from the Indian capital market in December, following rate hike by the US Federal Reserve. Net withdrawal by Foreign Portfolio Investors from equities stood at 8,176 crore rupees in December; while the same from the debt market was 18,935 crore r...
January 1, 2017 4:36 PM
A day after Prime Minister Narendra Modi asked banks to priorities lending towards poor and lower middle class, country's largest lender SBI today cut benchmark interest rate across various maturities by 0.9 per cent. In a statement, the bank has reduced marginal cost of funds based lending...
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Last Updated: 9th May 2026
