Near-term economic growth outlook appears brighter than last fiscal: RBI

The Reserve Bank of India has said the near-term economic growth outlook for the country appears brighter than during the last fiscal. In its Annual Report 2015-16, the RBI forecast 7.6 per cent GDP growth this fiscal, up from 7.2 per cent growth in the last fiscal. RBI Governor Raghuram Rajan noted...

Bilateral trade with India reaches USD 109 billion, it would get further boost from GST: US

Nitin Gadkari meets Nirmala Sitharamn over sharp decline in onions' price

Union Transport Minister Nitin Gadkar today met Commerce Minister Nirmala Sitharaman over the sharp decline in the price of onions in the producing states. He said, the Commerce Minister has launched Merchandise Exports from India Scheme (MEIS) under which onions will be exported and five per cent g...

Govt extends export duty benefits on onion to tackle steep fall in its prices

Government has decided to extend export duty benefits to onion for promoting its outbound shipments to arrest steep fall in onion prices and protect farmers interest. Commerce and Industry Minister Nirmala Sitharaman said in New Delhi that the duty benefits for export of both fresh and stored onions...

RBI asks banks to provide loans to women self-help groups in rural areas at 7% per annum

RBI has asked banks to provide loans to women self-help groups in rural areas at 7 per cent per annum, as per the government's revised guidelines for the current financial year. The Reserve Bank said in a notification that all women self-help groups (SHGs) will be eligible for interest subv...

Gems, jewellery exports up about 12% in April-July FY'17

Exports of gems and jewellery grew 11.7 percent to reach 11.4 billion dollars, during the first four months of the current fiscal, driven largely by demand in India's major markets like the US. In April to July period of the last fiscal, exports from the sector were at 10.21 billion dollars...

Govt open to enhance bilateral air traffic rights with Gulf: Ashok Gajapathi Raju

DIPP to launch awareness campaign on IPR

Department of Industrial Policy and Promotion, DIPP, will launch a nation-wide awareness campaign on Intellectual Property Rights (IPR). It will be taken forward by Cell for IPR Promotion and Management (CIPAM) in collaboration with the Controller General of Patents, Designs and Trademarks (CGPDTM) ...

JNPT signs agreement with SBI, Bank of Singapore for ECB of $400mn

Brent crude oil futures fall below 49 dollars a barrel

Brent crude oil futures fell below 49 dollars a barrel, today, giving up part of this month's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. Brent crude was down 59 cents, at 48.57 dollars a barrel. Brent had rallied 20 pe...