India will become second biggest steel manufacturer by year-end: Birender Singh

Union Steel Minister Birender Singh has said India will become the second biggest steel manufacturer in the world by year-end. Currently, China is the largest steel manufacturing country followed by Japan and produces five times more steel than India. Inaugurating the newly-constructed Ganga Ram Hos...

Engage with govt to resolve issues: Nirmala Sitharaman to exporters

Union Commerce Minister Nirmala Sitaraman has asked exporters to actively engage with the Government to resolve the problems being faced by them. After giving away best performers awards in exports at a function organized by the Federation of Indian Exporters Associations in Chennai last night, she ...

India makes progress towards achieving financial inclusion goals: FM

Union Finance Minister Arun Jaitley has said that various steps like leveraging digital identifications such as Aadhar, expanding access networks and digitizing financial benefit transfers, taken by the Government have led to tremendous progress towards achievement of the universal financial inclusi...

Govt to get Rs 37000 crore from spectrum auction this fiscal

The government will garner as much as 37,000 crore rupees this fiscal from spectrum auction after taking into account close to 5,000 crore rupees of service tax that telecom companies will pay. The government has received commitment of 65,789 crore rupees by selling 964.80 MHz of spectrum. This is m...

BRICS Contingent Reserve Arrangement operational: Arun Jaitley

Finance Minister Arun Jaitley has said that BRICS' "Contingent reserve arrangement" (CRA) is now operational to address any short-term balance of payments pressures the grouping's member nations face. CRA, established in 2015 by BRICS member nations Brazil, Russia...

Adoption of GST tax will boost India's medium-term growth: IMF

Asserting that India has shown that progress on reforms could initiate business investment, the IMF today said the adoption of goods and services tax is poised to enhance the country's medium-term growth. The IMF said in its latest Asia Pacific regional economic update that India's...

Indian entrepreneurship needs to be promoted in global electrical industry: Piyush Goyal

Union Power Minister Piyush Goyal has said, Indian entrepreneurship needs to be promoted in global electrical industry. Speaking at Light India Exhibition in New Delhi, Mr Goyal said, government welcomes technology from all around the world but at the end of the day, it would like to strengthen the ...

Govt looking to ease regulatory hurdles at municipal, panchayat levels: Sitharaman

Commerce and Industry Minister Nirmala Sitharaman has said that the government is now looking to ease regulatory hurdles at the municipality and panchayat levels. Addressing the India Economic Summit in New Delhi, Ms Sitharaman said, there is a need to work harder with states to remove all regulator...

Spectrum auction ends with bids worth Rs 65,789 cr in 5 days

NSE gets board nod to launch IPO via OFS, clears bonus shares

Ahead of its much-awaited IPO, the board of the National Stock Exchange has decided that the public issue will be in the form of an offer for sale. The NSE's directors have also approved issuance of bonus shares--one share for every 10 shares held. The board has further decided on sub-divis...