South Korean exports rise to 1.2%

South Korean exports during the first 20 days of this month rose 1.2 percent over a year ago in U.S. dollar terms, customs data showed on Friday, while imports slipped 4.6 percent over the same period.Korea Customs Service indicated South Korea posted a trade 1.84 billion US dollars surplus for the ...

Gadkari highlights India's ease of doing business in UAE

Seeking investments from the UAE in the infrastructure sector, Union Minister Nitin Gadkari pitched India as one of the world's fastest growing economies and said the ease of doing business under the present government had substantially improved. Shipping, Road Transport and Highways Minist...

RBI relaxes norms for foreign investment in startups<br/>

The Reserve Bank of India (RBI) has said that Foreign Venture Capital Investors (FVCIs) can invest in Indian startups irrespective of the sector in which the startup is engaged without prior permission of the apex bank. Sebi-registered FVCIs have also been permitted to invest in unlisted firms in se...

Govt to launch 6th tranche of SGB scheme on Oct 24<br/>

The government will launch the sixth tranche of Sovereign Gold Bonds (SGB) scheme on 24th of October in which people can buy securities worth up to 500 grams. Finance Ministry in a statement said, the government in consultation with the Reserve Bank, has decided to issue Sovereign Gold Bonds 2016-17...

SBI declares Silchar as its 5th zone in North East

Centre proposes several steps to check prices of essential food items

Cabinet Secretary has reviewed availability and prices of essential commodities at a high-level meeting in New Delhi. The meeting was attended by Secretaries of Consumer Affairs, Agriculture, Food and Public Distribution, Commerce and other concerned departments.An official release said, it was obse...

23.17% growth in domestic air passengers recorded in Jan-Sept

The domestic air passengers grew by 23.17 percent during Jan-Sept 2016 as the airlines carried 726.98 lakhs passengers as against 590.21 lakhs during the corresponding period of previous year. According to traffic data submitted by various domestic airlines for the month of September, 2016, this hig...

23.17 growth in domestic air passengers recorded in Jan-Sept

The domestic air passengers grew by 23.17 percent during Jan-Sept 2016 as the airlines carried 726.98 lakhs passengers as against 590.21 lakhs during the corresponding period of previous year. According to traffic data submitted by various domestic airlines for the month of September, 2016, this hig...

GST Council to take final decision on tax rate in next meeting <br/>

Finance Minister Arun Jaitley today said, the Goods and Services Tax,GST Council will take a final decision on rates of tax structure in the next meeting. It will meet on 3rd and 4th of next month. Briefing reporters after the 3rd meeting of the of Council in New Delhi, Mr Jaitley said, however, the...

GST Council reaches consensus on state compensation; base year to be 2015-16

The Goods and Services Tax Council in its meeting reached at a consensus on the way the States would be compensated for any loss of revenue after implementation of the new indirect tax regime, GST from 1st of April next year.Talking to reporters after first-day of the three-day deliberations in New ...